Biocon Limited — Board Meeting, 07-08-2025: Outcome of Board Meeting

Biocon's board has approved a strategic move to boost its green energy consumption. The company will acquire a 26% stake in Pro-zeal Green Power Sixteen Private Limited (PGPSPL) for an investment of up to Rs. 1.40 crore. PGPSPL, a newly formed entity with a paid-up capital of INR 0.01 Cr, is establishing a 3 MW (AC) solar power plant in Telangana. This investment allows Biocon to enter a Power Purchase Agreement, securing solar power from this captive off-site plant, aligning with its goal to enhance renewable energy use.