Biocon has announced an amendment to its Employee Welfare Trust Deed. The modification, effective October 9, 2025, involves a change in the Trustee composition. This update is in accordance with the SEBI regulations regarding share-based employee benefits. The company has provided a copy of the amended deed for record and acknowledgement, highlighting its commitment to employee welfare and regulatory compliance.
Trustee Change Effective
Biocon has officially modified its Employee Welfare Trust Deed. The key change involves the composition of the Trustees, effective October 9, 2025. This change ensures the continued smooth functioning of the trust and alignment with employee benefit programs.
Details of the Amendment
According to the amended deed, a trustee has resigned from the office with effect from the close of business hours of October 08, 2025. Also, a new Trustee has been appointed, effective October 09, 2025. The Board shall consist of the new composition with effect from October 09, 2025.
Amended Trust Deed Details
The amendment, the sixth to the trust deed, references the original trust deed dated May 18, 2001, and subsequent amendments including those of July 11, 2014, July 20, 2015, February 01, 2021, August 02, 2021 and March 31, 2023. The restated trust deed dated August 02, 2021, as amended on March 31, 2023, is further amended in this instance.
Source: BSE
