Anthem Biosciences Ltd

Anthem Biosciences Announces Auditor Change & Upside Sharing Arrangement 📊

• Board approved appointment of M/s. S. R. Batliboi & Associates LLP as new statutory auditors, replacing K.P. Rao & Co., effective after the 20th AGM in FY 2026-2027

• New auditors to serve for 5 years, until conclusion of 2031-2032 AGM

• Approved Upside Sharing Arrangement with Viridity Tone LLP, requiring shareholder approval

• Arrangement involves sharing excess returns from investor's divestment with promoters Ajay Bhardwaj, Ganesh Sambasivam, and K Ravindra Chandrappa

• Investor divested 20,313,795 equity shares on March 09, 2026, resulting in net realization of INR 13,170 million

• INR 1,276.83 million payable to Upside Promoters as per arrangement terms