Outcome of AGM

August 11, 2026 BSE Limited National Stock Exchange of India Limited Code: 532321 Code: Zyduslife P. J. Towers Exchange Plaza, C/1, Block G, Dalal Street Bandra-Kurla Complex, Bandra (East) Mumbai-400 001 Mumbai-400051 Re.: Proceedings of the Thirty First Annual General Meeting of the Company held on August 11, 2026 Dear Sir / Madam, Please find enclosed the proceedings of the Thirty First Annual General Meeting of the Company held today i.e. August 11, 2026, pursuant to regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Please find the same in order. Thanking you, Yours faithfully, For, Zydus Lifesciences Limited Dhaval N. Soni Company Secretary and Compliance Officer Membership No. FCS7063 Encl.: As above Proceedings of the Thirty First Annual General Meeting ("AGM") of the members of Zydus Lifesciences Limited (the "Company") held on Tuesday, August 11, 2026, through Video Conferencing ("VC") / Other Audio Visual Means ("OAVM"), which commenced at 10:00 a.m. (IST) and concluded at 11.16 a.m. (IST) Following Directors / Key Managerial Personnel / Auditors of the Company attended the AGM through VC / OAVM: 1. Mr. Pankaj R. Patel Chairman 2. Dr. Sharvil P. Patel Managing Director 3. Mr. Ganesh N. Nayak Director 4. Mr. Bhadresh K. Shah Independent Director and Chairman of the Nomination and Remuneration Committee 5. Ms. Shelina P. Parikh Independent Woman Director 6. Mr. Akhil A Monappa Independent Director and Chairman of the Audit Committee 7. Mr. Kulin S. Lalbhai Independent Director 8. Mr. Mukesh M. Patel Non-Executive Director and Chairman of Stakeholders’ / Investors’ Relationship Committee 9. Mr. Tushar D. Shroff Chief Financial Officer 10. Mr. Dhaval N. Soni Company Secretary 11. Mr. Kartikeya Raval Partner-Deloitte Haskins & Sells LLP, Statutory Auditors 12. Mr. Ashish Doshi Secretarial Auditor and Scrutinizer appointed for Submitting his report on remote e-voting and e-voting during the AGM Members Attendance Representations under section 113 of the Companies Act, 2013, ("the Act") for a total of 74,79,96,033 shares aggregating to 74.99% of the total paid-up equity share capital were received. 106 members attended the meeting in person including bodies corporate through their representatives. Mr. Pankaj R. Patel, the Chairman of the Board of Directors, occupied the position of Chairman and welcomed the members and other invitees to the AGM of the Company. The Chairman also introduced, the Directors and KMP attending the AGM. After ascertaining that requisite quorum for the meeting was present and that the meeting is validly constituted, the Chairman called the meeting to order. The Chairman briefed the members about the business performance, financial highlights of the Company and other major developments during the financial year ended on March 31, 2026. The Chairman informed that this AGM is being held through VC / OAVM as per the circulars issued by MCA and SEBI. The Chairman acknowledged the presence of Mr. Kartikeya Raval, Partner representing Deloitte Haskins & Sells LLP, Chartered Accountants, Statutory Auditors and Mr. Ashish Doshi, Practicing Company Secretary of the Company. The Notice convening the AGM of the members of the Company dated May 19, 2026, as circulated to the members of the Company, was taken as read. Further, the Chairman informed that there was no qualification(s) or adverse remark(s) in the Auditor’s Report that require its reading during the AGM, pursuant to the provisions of the section 145 of the Companies Act, 2013. The members asked various questions, amongst others, pertaining to plan to expland capacity, lower standalone results, shareholding of the Company in Assertio, the acquired entity, growth prospects of domestic business, export turnover and hedge strategy, global biosimilar strategy plans to reduce debt, plan to handle the US-pricing, regulatory and other market pressures, USFDA inspection at various manufacturing facilities, plan to make any further acquisitions (inorganic growth), overall R&D spends and plan to repay the debt, effect of US tarrif on the business of the Company, etc. The Chairman thanked the shareholders for participating and asking questions during the AGM. The Chairman responded to all the questions of the above members, giving adequate details / replies thereof. The Managing Director also provided general guidance on the future prospects. The Chairman informed that as per section 108 of the Act read with rule 20 (Voting through electronic means) of the Companies (Management and Administration) Rules, 2014, standard 7.2 of the Secretarial Standard-2 on General Meetings and regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company has availed the remote e-voting platform of Central Depository Services (India) Limited ("CDSL") to the members for exercising their voting rights. The Chairman further informed that the resolutions prescribed in the Notice of AGM will be passed through e-voting process by the members / representatives who did not participate in remote e-voting and who participated in the meeting. The Chairman informed that pursuant to the provisions of section 109 of the Act, Mr. Ashish Doshi, Practicing Company Secretary (Membership No. 3544) is appointed as Scrutinizer for both, remote e-voting and e-voting process during the AGM, to conduct in a fair and transparent manner, scrutinize the voting and submit his report. The Company Secretary explained the procedure for exercising the votes by the members and representatives through e-voting during the meeting. The following resolutions as set out at Item Nos. 1 to 9 of the Notice of AGM were open for e- voting during the AGM: Ordinary business: 1. To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the Financial Year ended on March 31, 2026, and the reports of the Board of Directors and the Auditors thereon. 2. To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the Financial Year ended on March 31, 2026, and the report of the Auditors thereon. 3. To declare Final Dividend of Re. 1.00/- (i.e. 100%) per equity share for the Financial Year ended on March 31, 2026. 4. To re-appoint Mr. Pankaj R. Patel (DIN: 00131852), who retires by rotation and being eligible, offers himself for re-appointment. 5. To re-appoint Mr. Mukesh M. Patel (DIN: 00053892), who retires by rotation and being eligible, offers himself for re-appointment. Special business: 6. To ratify remuneration to Cost Auditors. 7. To re-appoint Dr. Sharvil P. Patel (DIN: 00131995) as the Managing Director. 8. To appoint Mr. Kulin S. Lalbhai (DIN: 05206878) as an Independent Director. 9. To pay commission to non-executive directors. The Chairman informed that the results of voting on each resolution shall be determined by adding the votes cast by the members through remote e-voting. The Chairman concluded the meeting informing the members that the result will be declared upon receipt of Consolidated Scrutinizer's Report within statutory time period. He further informed that the results shall also be uploaded on the Company's website www.zyduslife.com together with the consolidated report of the Scrutinizer and shall be available at the Registered Office of the Company. Mr. Mukesh M. Patel was appointed as the Chairperson for resolution Nos. 4 and 7, and Mr. Ganesh N. Nayak was appointed as the Chairperson for resolution No. 9, as Mr. Pankaj R. Patel is considered as interested. The Chairman then announced formal closure of the Thirty First Annual General Meeting of the Company. E-voting during the Thirty First AGM: The Company Secretary explained in detail the procedure for e-voting during AGM. Result of the remote e-voting and e-voting during AGM on the Ordinary and Special Businesses at the Thirty First Annual General Meeting of the Company held on Tuesday, August 11, 2026: On the [Showing first 8,000 characters — download PDF for full document]