Biocon Grants Over 94 Lakh Stock Options

Biocon Ltd has announced the grant of 94,60,232 stock options to eligible employees under its "Growth Accelerator" Plan 2026 and related schemes. The effective grant date is October 01, 2026, with an exercise price of ₹5 per option. No options have vested as of the grant date, and vesting will occur according to the grant letter's schedule. Options can be exercised within 12 months of vesting. The plans comply with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The Nomination and Remuneration Committee administers the plans, which will be implemented through the Biocon India Limited Employees Welfare Trust.