Biocon Limited has filed its Monitoring Agency Report for the quarter ended June 30, 2026. The report, issued by India Ratings & Research Private Limited, details the utilization of proceeds raised through a Qualified Institutions Placement (QIP). The Audit Committee and the Board of Directors have reviewed and taken note of the findings in the report.
Biocon Limited Files QIP Monitoring Report
Biocon Limited has officially submitted its Monitoring Agency Report for the quarter concluding on June 30, 2026. This report addresses the utilization of funds secured through a Qualified Institutions Placement (QIP).
Report Details and Compliance
The monitoring agency, India Ratings & Research Private Limited, has prepared the report in accordance with regulatory requirements. The report confirms that there has been no deviation from the stated objects of the issue. The total original cost for the monitored objects was INR 41,500.00 Million, with a revised cost of INR 41,500.00 Million. The report indicates that a total of INR 41,486.49 Million was utilized during the quarter, leaving an unutilized amount of INR 13.51 Million which was subsequently spent on 8th May’26 for General Corporate Purposes.
Board and Audit Committee Review
The Audit Committee and the Board of Directors of Biocon Limited convened to review the Monitoring Agency Report. Both committees have acknowledged and taken note of the findings presented within the report during their respective meetings held on August 05, 2026.
Information Availability
The information contained in this monitoring report will also be made available on the official website of Biocon Limited, www.biocon.com, for public access.
Source: BSE
