Biocon Limited informed that based on the recommendation of the Nomination and Remuneration Committee, the Board has approved the appointment of Mr. Peter Bains as Biocon Group Chief Executive Officer, being a Senior Management Personnel w.e.f. September 18, 2023. Mr. Peter Bains has accordingly vide his letter dated September 18, 2023, stepped down from his role as a Non-Executive Independent Director from the Board of Biocon Limited with immediate effect, to assume this executive role as Biocon Group Chief Executive Officer. Consequently, he has also ceased to be a Member of the Audit Committee, Risk Management Committee and Stakeholders Relationship Committee of the Company.

Mr. Peter Bains, 66 years, holds a bachelor's degree in Science (Combined honours in Zoology and Physiology) from University of Sheffield, United Kingdom. He has global experience in strategic and operational leadership including at Board, CEO and Senior Corporate levels with an extensive track record of leadership and success in building companies, businesses, teams and brands for over 30 years. Peter brings in differentiating characteristics with extensive experience in Biopharmaceuticals across business and technology segmentation (Biotech, Vaccines, Branded Generics, Life Sciences, CRO) and geography encompassing both developed and emerging markets.

Presently, Peter is the Non-Executive Director on the Board of Indivior PLC, a UK FTSE listed pharmaceuticals company, MiNA Therapeutics, a privately held UK biotech company and world leader in small activating RNA technology and Apterna, a privately held UK biotech engaged in aptamer discovery. Peter is also Non-Executive Chairman of ILC Therapeutics, a privately held Scottish biotechnology company. Peter served as CEO and on the Board of Syngene International Limited (Syngene), subsidiary of the Company, for almost 6 years from 2010, and led the company to its successful public listing in 2015.

He also served as CEO of Sosei Group, a Japanese listed biopharmaceutical company. Prior to this, Peter worked with GlaxoSmithKline over a period of 23 years, where he held several roles including Head of Global Marketing and Senior Vice President of commercial development for GSK's International region.