Biocon India Limited Employees Welfare Trust Appoints New Trustees, Amends Deed
Biocon Limited's Employees Welfare Trust Deed has been amended to change Trustees. Mr. Krishnachar Nandakumar and Ms. Maninder Kapoor Puri resign effective March 31, 2026. Mr. Mukesh Karnath and Mr. Naveen Narayanan are appointed as new Trustees effective April 01, 2026.
The change in trustees for an employee welfare trust is an internal administrative matter and is not expected to have a significant impact on the company's overall business, financials, or stock performance.
The announcement pertains to a routine administrative change in the composition of the Trustees for an employee welfare trust, which does not have a direct material impact on the company's financial performance or business operations.
Biocon Limited has announced amendments to the Deed of Biocon India Limited Employees Welfare Trust, primarily to effect changes in the Trust's Trustees. This amendment, designated as Amendment #7, modifies the Restated Trust Deed dated March 31, 2023, as previously amended on October 09, 2025.
Effective from the close of business hours on March 31, 2026, two existing Trustees, Mr. Krishnachar Nandakumar and Ms. Maninder Kapoor Puri, will resign from their positions. Concurrently, as per Article 11 of the Trust Deed, Mr. Mukesh Karnath and Mr. Naveen Narayanan have been appointed as new Trustees, with their appointments taking effect from April 01, 2026.
Following these changes, Article 8 of the Trust Deed concerning the composition of the Board of Trustees will be updated to reflect the new Trustees, Mr. Mukesh Karnath and Mr. Naveen Narayanan, effective April 01, 2026. The company has submitted a copy of this amendment deed to the stock exchanges.
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Biocon Limited filed this with the NSE as a statutory disclosure, categorised under board changes. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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