Ref ID: 1646370565030-03-2022

04-Mar-2022

To,
Mitresh Thakar
15,HariOmSociety Kamanaroad,
B/H CinePulseTheatre
Visnagar.384315

Letter of Appointment

Dear Mitresh Thakar,

On behalf of the Management of Dr. Reddy’s Laboratories Ltd, I take great pleasure in o ffering you appointment asering you appointment as Territory
Manager in Mehsana in GG India - W Merind division with effering you appointment asect from 04-Mar-2022.

In terms of Target Total Compensation we are offering you INR 400000 (Rupees Four Lakh only) The detailed breakup of the same
is enclosed herewith in Annexure I.

The terms and conditions of the employment are as per Annexure – II

This appointment is subject to your medical fitness and further on our understanding that all the details given by you in your job
application form are correct and complete in all respects.

Please return on duly signed copy of this appointment letter to us at the above mentioned address as a token of your
acceptance.

We take this opportunity to welcome you to Dr. Reddy’s and trust our association will be fruitful.
With Best Wishes

Yours faithfully
For Dr. Reddy’s Laboratories Ltd
{{SA}}
{{DSA}}
D K Hemanth Kumar
Lead - Business Talent Acquisition
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ACCEPTANCE

I have read and understood the terms and conditions mentioned above and those in Annexure I and II. I hereby accept the
employment on the said terms and conditions.;

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{{DSC}}

Signature:
Date: 04-Mar-2022

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 Annexure I

Name: Mitresh Thakar

Designation: Territory Manager
Role Band: FL1
HQ: Mehsana

Salary Component Monthly Yearly

Basic 15,000 1,80,000
Fixed Dearness Allowance 1,000 12,000
House Rent Allowance 6,400 76,800
Education Allowance 200 2,400
Statutory Bonus (Interim monthly payout) 700 8,400
Minimum Guaranteed Bonus 5,747 68,960
Leave Travel Allowance 1,667 20,000
Total - A 30,713 3,68,560
B. Annual Benefits

Bonus/Exgratia 700 8,400

Total - B 700 8,400

C. Retirals
Provident Fund 1,920 23,040
Total - C 1,920 23,040
Fixed Compensation 33,333 400000

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 Annexure II

1. Your effering you appointment asective date of joining will be considered based on the joining report filled by you while reporting for joining at the
company.

2. You will be on probation for a period of Twelve (12) months which will not be extended beyond Twelve (12) months by the
Company.

3. Your confirmation will be governed by the “GG India Confirmation Policy”. You will be mandatorily go through a performance
appraisal process during your probation period. If your performance levels are assessed as satisfactory basis the appraisal criteria and
the management is fully satisfied with your progress, only then you will be confirmed as Territory Manager in writing. On successful
completion of probation period, your current TCC will be revised as per the confirmation policy.

4. During the period of probation, your service may be terminated at any time by the company without assigning any reason or non-
suitability to the job by giving 30 days’ notice or paying you 30 days stipend/salary in lieu thereof. Should you desire to leave the
company services, you will be required to give 15 days’ notice. However, the company reserves the right to waive your notice period
and relieve you earlier at its convenience.

5. On successful completion of your probation, your services will be confirmed in the Company in writing at the end of Twelve
(12) Months with the terms and conditions for the employment. However, your confirmation depends on your performance, conduct,
attitude and your suitability of the job or other criteria as deemed fit by the management for these Twelve (12) months. Unless
confirmation of services is communicated in writing, you shall continue to be on probation.

6. On confirmation, your employment may be terminated with or without any reason by either party by giving the requisite period
of notice in writing which shall be 15 days if you desire to leave the company, however it will be 30 days in case your service is
being terminated by the company. The company reserves the right to pay or recover pay-o ffering you appointment as in lieu o ffering you appointment as notice period and relieve you
on such date as it may deem fit even prior to the expiry of the notice period. However, the company reserves the right to waive your
notice period and relieve you earlier at its convenience.

7. Any dispute arising out of and / or related to your Services with the Company shall be subject to Hyderabad jurisdiction only.

8. You shall commit yourself to the implementation of any measure introduced or that may be introduced by the management as in
its sole discretion/ judgment considers expedient in the conduct of its business. Such measures shall include inter alia changes in
work organization, work methods, procedures and systems, reporting systems, marketing plans and strategies and all other activities
required for the efficient management of the business of thecient management of the business of the Company.

9. You shall extend your full assistance and cooperation to the management in maintaining discipline in the Company.

10. You shall adhere to the Code of Business Ethics and any other rules and regulation specified by the Company from time-to- time.

11. You shall work for six days a week, Monday to Saturday, whether in the head quarter, ex-headquarters or outstation.

12. The working day shall ordinarily consist of morning and evening work and you should make the number of calls to doctors,
hospital, chemists, stockiest, dealers and other purchasing agencies as per standards, norms, rules and regulation of the Company and
any other appropriate standards applicable to the same.

13. As fixed by the Company and communicated individually from time to time, you shall strictly adhere to the norms, rules and
regulation of the Company. Any deviation from or failure to adhere to the same will be misconduct.

14. You will be eligible to ten paid holidays in a calendar year to be fixed and declared by the management.

15. Leave and the procedure thereof shall be in accordance with the Sales Promotion Employees’ (Condition of Service) Act, 1976
and the Rules framed thereunder.

16. Subject to the provisions of any law for the time being in force, leave cannot be availed of as a matter of right, and must be
sanctioned by the management. The management may at its discretion refuse, revoke, or curtail leave, subject to the exigencies of
work in the Company.

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17. In case, the Company is not satisfied about the authenticity of the medical certificate produced, the management may get you
examined by the medical officient management of the business of thecer of its choice at its cost and you shall not refuse to subject yourself and fully cooperate with the
Company for such medical examination.

18. If you remain absent without leave for eight (8) consecutive days or beyond the period of leave originally granted or
subsequently extended, you shall be deemed to have abandoned the service of the Company, unless you return to duty within three (3)
days of remaining absent or the expiry of the leave granted or extended as the case may be and explain to the entire satisfaction of the
management, reasons for absence or overstay of leave.

19. While proceeding on leave, you shall intimate to your department/manager your contact address during the leave period. Any
communication sent to such contact address shall be deemed to have been personally served on you.

20. That your promotion will be at the sole discretion of the Company depending upon your performance, potential and on
competencies demonstrated by you as assessed by the Management from time to time.

21. You will devote your whole time and full attention exclusively to the duties entrusted to you to the best of your power, ability,
skill and experience and shall not do any other work for any remuneration, nor shall hold any private business, directly or indirectly.

22. All property, products, promotion materials and any other documents entrusted to you shall be the exclusive property of the
Company and you shall be responsible for their safe custody. You shall use/distribute such property strictly according to the
instructions of the Company and shall maintain proper accounts and records for the same.

23. You will not borrow or collect any money on the Company’s account from any dealer or doctor or other party

24. If any declaration or information furnished by you to the Company proves to be false or if you are found to have willfully
suppressed any material information, in such cases, you will be liable to dismissal from services of the Company without any notice.

25.Your services are liable to be terminated in case the Company loses confidence in you as a result of your conduct due to
commission or omission of any act subversive of discipline and good behavior leading to loss of image of the Company through any
act involving moral turpitude, any instructions, routine and practices, working and the traditions common for Professional Sales
Representative / Scientific Business Executive in general. Any disciplinary action will be taken by following principles of natural
justice and an appropriate punishment will be awarded for any proved misconduct.

26. On termination/separation/retirement from the services of the Organization, you shall immediately return the Company, all
correspondence, Company property, specifications, formula books, documents, market data, cost data, drawings e ffering you appointment asects or records
etc., belonging to the Company or relating to its business and shall not retain or make any copies of these items.

27. You shall not at any time, without the express consent from the management, except under legal process, divulge or make public
any of the information, secrets, accounts, transactions, or dealings of the Company which ought not to be made public or disclosed,
during and after the termination of the probation period.

28. The management may at its discretion transfer you from one location to another location in India or abroad or to associate
companies or to the factory or to the head officient management of the business of thece or any other o fficient management of the business of thece in the country. Refusal to obey such transfer order will be
misconduct and you will be liable for disciplinary proceedings. Management has the sole right and discretion to lay offering you appointment as, transfer and
promotion.

29. In regard to any terms and conditions of service or any rules and regulations of the Company which are not covered herein, the
Company may from time to time give effering you appointment asect to such terms and conditions, rules or regulations a ffering you appointment asecting the employees or any
particular group of the employees by publishing them on the notice board of the establishment and or personally servicing the same
on employee by post and you shall be bound by all such terms and conditions, rules and regulations.

30. All disputes arising out of this Letter of Appointment will be subject to the jurisdiction of courts of Hyderabad.