Lupin Ltd — Capital/Financing Update 2021

Nov 9, 2021

November 9, 2021

Jse Limited Department of Corporate Services, P. J. Towers, Daiei Street, MUMBAI· 400 001.

National Stock Exchange of lndla Limited Exchange Plaza, Bondre Kuria Complex, Bandra (East), Mumbai • 400 051.

Dear Sir/Madam,

Sub; Credft rating on enhanced bank facllltles.

We are pleased to inform you that ICRA Limited (ICRAJ has reaffirmed the short-term rating of (ICRAJ Al+ [pronounced ICRA A one plus] assigned earlier to the' 15000 million bank facilities of the Company. ICRA has now assigned o short-term rating of (ICRA)A 1 +to the enhanced bank facilities of if 11780 milllon. Thus, the ICRA rating is now for the total bank facilities of' 26780 million.

A 1 + is the highest rating by ICRA for short-term bank facilities. This rating indicates a very strong degree of safety regarding timely payment of financial obligations. Such instruments carry the lowest credit risk.

The above may kindly be considered as disclosure pursuant to Regulation 30(2) read with Schedule Ill Part A Para A(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Thanking You,

FoR LUPIN UMrrED

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R.V.SATAM COMPANY SECRETARY (ACS. 11873)

LUPIN LIMITED