NSEGeneral Updates4d ago · 10 Oct 2026, 03:09 pm
General Updates
Biocon Limited · BIOCON
✦ AI SummaryRegulatory
Biocon Limited has received an Order-In-Original from the Office of the Assistant Commissioner (ST) regarding a Goods and Service tax demand of Rs. 1,85,28,762/-, interest of Rs. 1,17,59,033/- and penalty of Rs. 18,52,476/- for non-submission of Special Economic Zone (SEZ) endorsement documents, improper claim of Input Service Distribution credits, and input tax reversed under temporary reversal instead of permanent reversal.
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Earnings Impact2/10
Growth Catalyst1/10
Governance Concern1/10
Regulatory Risk8/10
Balance Sheet Risk2/10
Liquidity Impact8/10
Market Sentiment5/10
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Full Announcement
Biocon Limited has informed the Exchange about Disclosure pursuant to Regulation 30 of the SEBI Listing Regulations
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BIOCON_10102026150858_SEIntimation-TaxOrder.pdf
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Biocon Limited
20th KM, Hosur Road
Electronic City
Bangalore 560 100, India
T 91 80 2808 2808
F 91 80 2852 3423
CIN : L24234KA1978PLC003417
E: co.secretary@biocon.com
www.biocon.com
BIO/SECL/TG/2026-27/71
October 10, 2026
To, To,
The Manager The Manager
BSE Limited National Stock Exchange of India Limited
Department of Corporate Services Corporate Communication Department
Phiroze Jeejeebhoy Towers, Exchange Plaza, Bandra Kurla Complex
Dalal Street, Mumbai – 400 001 Mumbai – 400 051
Scrip Code – 532523 Scrip Symbol – BIOCON
Dear Sir/Madam,
Subject: Disclosure pursuant to Regulation 30 of the SEBI Listing Regulations
Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘SEBI Listing
Regulations’), it is hereby informed that the Company has received an Order-In-Original from the Office of the
Assistant Commissioner (ST) Atchuthapuram circle, Visakhapatnam-2, Lankelapalem, Anakapalli Dist, Andhra
Pradesh.
In this regard, the details as required under SEBI Listing Regulations read with SEBI Master Circular No.
HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 and Industry Standards Note on Regulation 30
of the SEBI Listing Regulations are enclosed in Form A.
In respect of the captioned matter, the undersigned, states and declares that the information and details provided in
Form A, in compliance with Regulation 30(13) of SEBI Listing Regulations, is true, correct and complete to the best of
my knowledge and belief.
The above information will also be available on the website of the Company at www.biocon.com.
Kindly take the above information on record and acknowledge.
Thanking you,
Yours faithfully,
For Biocon Limited
Rajesh U. Shanoy
Company Secretary and Compliance officer
ICSI Membership Number: A16328
Encl.: As above
Form A
Disclosure by Biocon Limited regarding receipt of communication from regulatory, statutory, enforcement or
judicial authority under the Securities and Exchange Board of India (Listing Obligations and Disclosure
Requirements) Regulations, 2015
[Regulation 30(13) – Disclosure of communication from regulatory, statutory, enforcement or judicial
authority]
Sl Particulars Information
1. Name of the listed company Biocon Limited
2. Type of communication received Order-in-Original (DRC-07)
3. Date of receipt of communication October 09, 2026, Time 15:21 (IST)
4. Authority from whom The Office of the Assistant Commissioner (ST) Atchuthapuram
communication received circle, Visakhapatnam-2, Lankelapalem, Anakapalli Dist, Andhra
Pradesh.
5. Brief summary of the material The Order confirms a demand of Goods and Service tax of Rs.
contents of the communication 1,85,28,762/-, interest of Rs. 1,17,59,033/- and penalty of Rs.
received, including reasons for 18,52,476/-
receipt of the communication
The summary of the main issues involved is as follows: -
1. Non-submission of Special Economic Zone (SEZ) endorsement
documents for zero-rated SEZ supplies
2. Input tax reversed under temporary reversal instead of
permanent reversal.
3. Improper claim of Input Service Distribution credits.
6. Period for which communication Financial Year 2022-23
would be applicable, if stated
7. Expected financial implications on There is no material impact on the financials, operations or other
the listed company, if any activities of the Company. The impact will be limited to the extent
of final liability as may be ascertained along with interest and
penalty, if any.
8. Details of any aberrations/non- As mentioned in point no. 5 above
compliances identified by the
authority in the communication
9. Details of any penalty or The Order imposes penalty of Rs. 18,52,476/-. No restriction or
restriction or sanction imposed sanction has been imposed pursuant to the Order.
pursuant to the communication.
10. Action(s) taken by listed company The Company intends to take appropriate action(s) including filing
with respect to the Rectification Application / Appeal.
communication .
11. Any other relevant information Nil