Biocon Limited's promoter group and Persons Acting in Concert (PAC) have confirmed that no shares held by them in the company were encumbered during the financial year ending March 31, 2026. The declaration ensures that the promoters have not pledged their shares as collateral for loans or other obligations, providing stability regarding the company's ownership structure.

The confirmation was submitted by Ms. Kiran Mazumdar Shaw on behalf of the promoter and promoter group. The disclosure was made in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulatory requirement mandates promoters to disclose any encumbrance on their holdings to ensure transparency for shareholders.

The declaration was addressed to the stock exchanges, including BSE Limited and the National Stock Exchange of India Limited, as well as the Chairperson of the Audit Committee of Biocon Limited . The document confirms that the status of 'no encumbrance' was maintained throughout the specified financial year.

Key Details of the Declaration

The filing confirms that the promoter group's shareholding remains free from liens or charges. This disclosure is critical for investors as it indicates that the promoters' stakes are not at risk of being sold off by lenders in the event of a default, which could otherwise lead to a sudden change in ownership or a drop in share price.

Biocon Limited has acquired an equity stake in Ampin C&I Power Twelve Private Limited (AMPIN) to enhance renewable energy consumption and reduce operational costs. The company invested ₹5,47,60,000 towards the subscription of 54,76,000 equity shares at a face value of ₹10 each. This strategic move supports Biocon's decarbonization goals and ensures a captive power status as per the Electricity Act.

The acquisition was disclosed to the stock exchanges on June 10, 2026, under Regulation 30 of the SEBI Listing Regulations. AMPIN, incorporated on April 23, 2025, is a Special Purpose Vehicle formed for the generation and supply of solar power. The entity reported a net worth of ₹120.78 million as on March 31, 2026, with a standalone turnover of nil and a loss after tax of ₹1.28 million for FY 2025-26.

Investment Details

The transaction was executed via cash consideration. Following the investment, Biocon holds 59,76,000 equity shares, representing 37.77% of AMPIN's paid-up share capital on an undiluted basis. However, this percentage is expected to reduce to 15.91% on a fully diluted basis after proposed investments by other entities in AMPIN. The key parameters of the investment are outlined below:

Operational Objectives

AMPIN is engaged in the business of renewable energy generation and is setting up a Solar Power Plant with a capacity of 27.12 MW (DC) in Karnataka. The acquisition is not a related party transaction, and Biocon's promoters have no interest in the target entity. The agreements between Biocon and AMPIN include a Power Purchase Agreement and a Share Purchase, Subscription, and Shareholders Agreement to maintain the captive status required for regulatory compliance.