To

All Trading Members of the Exchange

Sub: SAT Order in respect of Kunal Ashok Kashyap and Allegro Capital Pvt. Ltd. in the matter of Biocon Ltd.

In continuation to the Exchange Notice No. 20210708-28 dated July 08, 2021 on the captioned matter.

The Hon’ble Securities Appellate Tribunal (SAT) vide its order dated August 10, 2021 had stated that, the effect and operation of the impugned order passed by the Whole Time Member shall remain stayed provided the appellant deposits a sum of Rs. 25 lakh within four weeks from today before the respondent.

Now SEBI vide its email dated August 18, 2021 has confirmed that, in compliance of the Order, SEBI has received the credit.

Trading members are advised to take note of the same and ensure compliance.

Jeevan Noronha                                                                                          Roshani More

Asst.General Manager                                                                               Deputy Manager    

Regulatory Correspondence                                                                       Surveillance

Date: August 18, 2021