Dr Reddy’s US arm faces $32,350 IRS penalty over fiscal year misclassification
Dr Reddy's Laboratories' US subsidiary received a $32,350 IRS penalty for misclassifying its fiscal year. The company stated this has no material financial impact. Separately, the USFDA issued two observations after an assessment of its Mexico API facility. Shares closed 2.51% lower on October 1, 2026.




