Biocon Limited held its 48th Annual General Meeting (AGM) on Thursday, August 06, 2026 at 03:30 PM IST through video conferencing. The meeting was conducted to transact the businesses as stated in the AGM Notice dated July 10, 2026.
The company submitted the voting results pursuant to Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and the Scrutinizer's Report dated August 08, 2026, pursuant to Section 108 of the Companies Act, 2013 read with Rule 20 of the Companies (Management and Administration) Rules, 2014.
Voting Results Breakdown
Resolution 1: Adoption of Audited Financial Statements
- Ordinary Resolution
- Total shares voted: 1,35,15,36,400 out of 1,62,96,94,135 (82.93% turnout)
- Votes in favor: 1,35,15,36,400 (100.00%)
- Votes against: 1,830 (0.01%)
- Result: PASSED
Resolution 2: Declaration of Final Dividend
- Ordinary Resolution
- Final dividend of 10% i.e. ₹0.50 per equity share for Financial Year ended March 31, 2026
- Total shares voted: 1,35,16,94,815 out of 1,62,96,94,135 (82.94% turnout)
- Votes in favor: 1,35,16,94,815 (100.00%)
- Votes against: 2,278 (0.002%)
- Result: PASSED
Resolution 3: Re-appointment of Eric Vivek Mazumdar as Director
- Ordinary Resolution
- DIN: 09381549
- Total shares voted: 1,34,52,18,437 out of 1,62,96,94,135 (82.52% turnout)
- Votes in favor: 1,33,87,40,439 (99.52%)
- Votes against: 64,77,998 (0.48%)
- Result: PASSED
Resolution 4: Appointment of S.R. Batliboi & Associates LLP as Statutory Auditors
- Ordinary Resolution
- Total shares voted: 1,34,50,25,141 out of 1,62,96,94,135 (82.52% turnout)
- Votes in favor: 1,33,83,54,447 (99.50%)
- Votes against: 66,70,694 (0.50%)
- Result: PASSED
Resolution 5: Biocon Unity Long Term Incentive Plan 2026
- Special Resolution
- Includes Performance Stock Unit Plan, Restricted Stock Unit Plan, Employee Stock Purchase Plan, and Management Stock Unit Plan
- Total shares voted: 1,35,16,57,701 out of 1,62,96,94,135 (82.94% turnout)
- Votes in favor: 1,07,97,92,988 (79.89%)
- Votes against: 27,18,64,713 (20.11%)
- Result: PASSED (Special resolution requires 75% approval)
Resolution 6: Granting Incentives to Subsidiary/Associate Company Employees
- Special Resolution
- Total shares voted: 1,35,16,57,751 out of 1,62,96,94,135 (82.94% turnout)
- Votes in favor: 1,07,98,30,699 (79.89%)
- Votes against: 27,18,27,052 (20.11%)
- Result: PASSED
Resolution 7: Authorization to Biocon India Limited Employees Welfare Trust
- Special Resolution
- Total shares voted: 1,35,16,58,337 out of 1,62,96,94,135 (82.94% turnout)
- Votes in favor: 1,08,21,37,732 (80.06%)
- Votes against: 26,95,20,605 (19.94%)
- Result: PASSED
Resolution 8: Financial Assistance to Employees Welfare Trust
- Special Resolution
- Total shares voted: 1,35,16,57,754 out of 1,62,96,94,135 (82.94% turnout)
- Votes in favor: 1,08,21,38,342 (80.06%)
- Votes against: 26,95,19,412 (19.94%)
- Result: PASSED
Resolution 9: Ratification of Cost Auditors Remuneration for FY2026-27
- Ordinary Resolution
- Total shares voted: 1,35,16,95,876 out of 1,62,96,94,135 (82.94% turnout)
- Votes in favor: 1,35,16,93,414 (99.99%)
- Votes against: 2,462 (0.01%)
- Result: PASSED
Scrutinizer's Report Details
Pradeep B Kulkarni, Partner of V Sreedharan and Associates, was appointed as Scrutinizer. The remote e-voting period was from 9:00 AM IST on Saturday, August 01, 2026 to 5:00 PM IST on Wednesday, August 05, 2026. The cut-off date for determining voting rights was Thursday, July 30, 2026.
The scrutinizer confirmed that the voting process complied with Section 108 of the Companies Act, 2013 and SEBI Listing Regulations. All relevant records have been handed over to the Company Secretary for preservation.
Additional Information
The voting results and scrutinizer's report are available on the company's website at www.biocon.com and the website of the Registrar and Share Transfer Agent at www.Kfintech.com.
The document was signed by Rajesh U. Shanoy, Company Secretary and Compliance Officer (Membership No.: ACS 16328) on behalf of Biocon Limited.