Date: June 22, 2026

Dividend Declaration

Biocon Limited's Board of Directors, at its meeting held on May 07, 2026, recommended a final dividend at the rate of 10%, i.e., ₹0.50 per equity share of face value of ₹5 each fully paid-up, for the Financial Year ended March 31, 2026. This dividend recommendation is subject to approval by shareholders at the 48th Annual General Meeting (AGM) scheduled to be held on Thursday, August 06, 2026. The dividend will be paid to shareholders whose names appear in the Register of Members of the Company as on the Record Date of Friday, July 03, 2026.

TDS Procedures and Requirements

Resident Shareholders

TDS rates for resident shareholders vary based on category:

  • Nil TDS for Insurance companies, Mutual Funds, Corporations established by Central Act (exempt from income-tax), New Pension System Trust, and Alternative Investment Funds (AIF) established in India (Category I or II under SEBI/IFSC Regulations) — requires self-declaration (Annexure 1 format) and supporting documents.
  • Nil TDS for other resident shareholders if aggregate dividend during Tax Year 2026-27 does not exceed ₹10,000 for individuals — requires duly filled Form 121 (Annexure 2) in duplicate with self-attested PAN copy.
  • 10% TDS for resident shareholders with valid PAN (Section 393(1)).
  • 20% TDS for shareholders without PAN, invalid PAN, or unlinked PAN-Aadhaar (Section 397(2)).

Non-Resident Shareholders

TDS rates for non-resident shareholders:

  • 10% plus applicable surcharge and cess for Category III AIF located in IFSC with units held by non-residents — requires self-attested PAN and registration certificate.
  • 20% plus applicable surcharge and cess for non-resident shareholders/FII/FPI (default rate) — requires self-attested PAN copy (if any) and for FII/FPI, SEBI registration certificate.
  • Rate as per certificate for those obtaining certificate under Section 395 of the Income Tax Act — valid for Tax Year 2026-27 and covering dividend income.

Non-resident shareholders can opt for beneficial DTAA rates by providing:

  • Valid Tax Residency Certificate (TRC) for Tax Year 2026-27 or calendar year 2026.
  • Electronically filed Form 41 (via Income Tax e-filing portal).
  • Self-declaration (Annexure 4 format) certifying tax residency, beneficial ownership, DTAA eligibility, no permanent establishment in India, and entitlement to DTAA benefits.

Other Points

  • Shareholders must update bank account details with Depository Participants/RTA for electronic dividend credit. Physical shareholders must update KYC details (PAN, contact, mobile, bank account, signature) per SEBI Master Circular dated February 06, 2026.
  • TDS will be deducted at the higher applicable rate if shares are held in multiple accounts under a single PAN with different statuses/categories.
  • All required documents (declarations, Form 121, certificates, etc.) must be uploaded via the provided link or sent to KFin Technologies Limited by Monday, July 20, 2026. Documents received after this date will not be considered.
  • Incomplete/unsigned forms will be rejected.
  • Shareholders can claim refunds via income tax returns if higher TDS is deducted due to lack of documentation.
  • TDS credit will be reflected in Form 168, downloadable from the e-filing portal.
  • Shareholders are responsible for indemnifying the Company against any tax demands arising from misrepresentation or omission of information.

Registrar and Transfer Agent

KFin Technologies Limited

Unit: Biocon Limited

Selenium Tower B, Plot Nos. 31 & 32

Gachibowli, Financial District, Nanakramguda

Hyderabad - 500032

Ph: +91 40 6716 2222

Toll Free No.: 1800-309-4001