Shareholders meeting

BIO/SECL/TG/2026-27/52 August06, 2026 To, To, The Secretary The Secretary BSE Limited National Stock Exchange of India Limited Department of Corporate Services Corporate Communication Department Phiroze Jeejeebhoy Towers,Dalal Street, Exchange Plaza, Bandra Kurla Complex Mumbai –400 001 Mumbai –400 051 Scrip Code -532523 Scrip Symbol-Biocon Subject: Proceedings of the 48thAnnual General Meeting of the Company Dear Sir/Madam, We wish to inform you that the 48th Annual General Meeting (‘AGM’) of the Company was held on Thursday, August06, 2026through Video Conferencing (‘VC’) / Other Audio Visual Means (‘OAVM’), to transact the businessesas stated in the AGMNotice dated July10, 2026. In thisregard, please find enclosedthe following: 1. Proceedings of the48thAGM pursuant to Regulation 30 read with Para A of Part A of Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘SEBI Listing Regulations’);and 2. Chairperson’s Speech delivered at the 48th AGM of the Company. The same isalso made available on the Company’s website at www.biocon.com. Request you to kindly take this intimation on record and acknowledge. Thanking You, Yours faithfully, For Biocon Limited Rajesh U. Shanoy Company Secretary and Compliance Officer M. No.: ACS 16328 Enclosed: Proceedings of the 48thAGMand Chairperson’s Speech PROCEEDINGS OF THE 48TH ANNUAL GENERAL MEETING (‘AGM’) OF BIOCON LIMITED HELD ON THRUSDAY, AUGUST 06, 2026 AT 3:30 PM (IST) THROUGH VIDEO CONFERENCING / OTHER AUDIO- VISUAL MEANS The 48th Annual General Meeting (‘AGM’) of Biocon Limited (‘the Company’) was held on Thursday, August 06, 2026 at 3:30 PM (IST) through video conferencing (‘VC’) or other audio-visual means (‘OAVM’), in compliance with General Circular No. 14/2020 dated April 08, 2020, Circular No. 17/2020 dated April 13, 2020, Circular No. 20/2020 dated May 05, 2020 and subsequent circulars issued in this regard, the latest being General Circular no. 03/2025 dated September 22, 2025 (‘MCA circulars’) issued by the Ministry of Corporate Affairs (‘MCA’), Government of India and applicable provisions of the Companies Act, 2013 (‘the Act’) and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘SEBI Listing Regulations, 2015’) and all other applicable laws. The deemed venue for the meeting was the registered office of the Company i.e. 20th KM, Hosur Road, Electronic City, Bengaluru, 560 100, Karnataka, India. MEMBERS PRESENT: 90 Members were present at the meeting through video conferencing or other audio-visual means. The following were present at the meeting: DIRECTORS: S. No. Name of the Director Designation 1. Ms. Kiran Mazumdar-Shaw Executive Chairperson Mr. Shreehas Pradeep CEO and Managing Director Tambe Lead Independent Director and Chairperson of the 3. Ms. Naina Lal Kidwai Corporate Social Responsibility & ESG Committee Prof. Ravi Rasendra Non-Executive Director Mazumdar Non-Executive Director and Chairperson of the Science 5. Mr. Eric Vivek Mazumdar & Technology Transformation Committee 6. Mr. Nicholas Robert Haggar Independent Director Independent Director and Chairperson of the 7. Ms. Rekha Mehrotra Menon Nomination and Remuneration Committee Independent Director and Chairperson of the Audit 8. Mr. Atul Dhawan Committee 9. Mr. Thomas Jason Roberts Non-Executive Director Independent Director and Chairperson of the 10. Mr. Arun Chandavarkar Stakeholders Relationship Committee 11. Ms. Nivruti Rai Independent Director KEY MANAGERIAL PERSONNEL (KMP): S. No. Name of the KMP Designation 1. Mr. Kedar Narayan Upadhye Chief Financial Officer 2. Mr. Rajesh U. Shanoy Company Secretary and Compliance Officer 3. Mr. Akhilesh Nand Global Head - Governnace, Risk & Compliance BY INVITATION: S. No. Name of the Officials Designation Partner, B S R & Co. LLP, Chartered Accountants, Mr. Debabrata Ojha Statutory Auditors Director, B S R & Co. LLP, Chartered Accountants, 1. Mr. Gopinath Arunachalam Statutory Auditors Associate Director, B S R & Co. LLP, Chartered Mr. Sanket Bhuwania Accountants, Statutory Auditors Partner, V Sreedharan & Associates, Company 2. Mr. Pradeep Kulkarni Secretaries, Secretarial Auditors and Scrutinizer for e- Voting Ms. Kiran Mazumdar-Shaw, Executive Chairperson of the Company welcomed all the Members, Directors and other invitees to the 48th AGM of the Company. At the commencement of the meeting, the Chairperson introduced the Director(s) and Key Managerial Personnel(s) present at the meeting. She informed that Mr. Rajiv Malik, Independent Director and Chairperson of the Risk Management Committee and Mr. Daniel Bradbury as well as Mr. Peter Piot, Independent Directors, have not been able to attend this AGM due to personal exigencies. She further informed that Mr. Bobby Kanubhai Parikh has completed his tenure as an Independent Director with effect from close of business hours of July 22, 2026. Further, she informed that Mr. Nicholas Robert Haggar shall complete his tenure with the Company as an Independent Director with effect from the conclusion of this AGM. The Chairperson placed on record deep appreciation and gratitude to Mr. Bobby Kanubhai Parikh and Mr. Nicholas Robert Haggar for their valuable contributions and stewardship. The Chairperson further informed that B S R & Co. LLP, Statutory Auditors, shall complete their tenure with effect from the conclusion of this AGM. The Chairperson extended sincere appreciation for their professionalism, valuable guidance and support throughout their tenure. The participation of Members through video conference was reckoned for the purpose of quorum as per the circulars issued by MCA and Section 103 of the Companies Act, 2013. The quorum was present. The Chairperson called the Meeting to order. The Chairperson informed that Notice of the 48th AGM along with the audited financial statements for the Financial Year ended March 31, 2026, together with the directors’ and auditors’ report have been emailed to all the Members whose e-mail IDs were registered with the Company or Registrar and Share Transfer Agents (‘RTA’) or with Depository Participants (‘DPs’) within the statutory time period. Further, the Company has sent letter containing the web-link along with the path and QR Code to access the Notice of the 48th AGM and Integrated Annual Report of the Company for Financial Year 2025-26, to those Members who have not registered their e-mail IDs with the Company or RTA or with the DPs. There were 9 (nine) resolutions placed before the meeting and the Chairperson ordered e-voting on all the 9 (nine) resolutions. The Chairperson requested Mr. Rajesh U. Shanoy, Company Secretary, to provide general instructions to the Members regarding e-voting process during this AGM and brief of resolutions to be passed at the meeting. The Company Secretary informed the Members that the 48th AGM was being held through video conference in accordance with the Companies Act, 2013 and circulars issued by the MCA and in accordance with SEBI Listing Regulations, 2015. In compliance with the provisions of Section 108 of the Companies Act, 2013, Rule 20 of the Companies (Management and Administration) Rules, 2014 and Regulation 44 of SEBI Listing Regulations, 2015, the Company had provided remote e-voting facility to all the Members as on the cut-off date i.e. Thursday, July 30, 2026, to cast the votes on all resolutions as set forth in the AGM Notice from Saturday, August 01, 2026 (9:00 AM IST) to Wednesday, August 05, 2026 (5:00 PM IST) (both days inclusive). Further, Members, who had not participated in remote e- voting process were provided an option to cast their vote on all resolutions as set forth in the AGM Notice through e-voting facility provided by KFin Technologies Limited, Registrar and Share Transfer Agents (‘RTA’) of the Company as made available during the meeting. The Company Secretary further informed the Members that the combined results of remote e-voting [Showing first 8,000 characters — download PDF for full document]