Lupin Ltd — Capital/Financing Update 2025

Jun 20, 2025

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June 20, 2025

Ref: LL/Stk/ESOP

National Stock Exchange of India Limited Exchange Plaza, Bandra Kurla Complex, Bandra (East), Mumbai - 400 051

BSE Limited P. J. Towers, Dalal Street, Mumbai Samachar Marg, Mumbai - 400 001

Symbol: LUPIN

Scrip Code: Equity – 500257

Dear Sir/Madam,

Sub: Disclosure pursuant to Regulation 30 of Securities and Exchange Board of India (Listing obligations and Disclosure Requirements) Regulations, 2015.

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This is to inform you that, as approved by the Nomination and Remuneration Committee of the Company on June 20, 2025, the Company granted stock options aggregating 2,926 to its employees and those of its subsidiaries, at the exercise price of ₹ 2.00 each, details of which are as under:

aries, at t	he exercise price of₹2.00 each, details of which are as under:
Sr. No.	Name of Plan	No. of Options
1	Lupin Employees Stock Option Plan 2011	525
2	Lupin Subsidiary Companies Employees Stock Option Plan 2014	2401
	Total	2,926

Please note that upon vesting, one stock option entitles the grantee to subscribe to one equity share of the Company of ₹ 2.00 each. The vesting schedule of stock options will be 25%:25%:25%:25% over four years upon completion of one year from the date of grant.

Kindly take the above on your records.

Thanking you,

For LUPIN LIMITED

AMIT KUMAR Digitally signed by AMIT KUMAR GUPTA DN: c=IN, st=Maharashtra, 2.5.4.20=f72cf02f52d2a7e595b45b84659bdca28c8f26a939bb35835a169f2a2372 GUPTA 29a3, postalCode=400705, street=C701 Shivdarshan CHS Ltd Sector16 Plot No5 Navi Mumbai, pseudonym=d3a468d0d03546efabffd2a7cb7aaaae, title=7875, serialNumber=de9bbd80d8994e4be9f0dd2399144eba7e782d70287df6aad1994f0b522fa08a, o=Personal, cn=AMIT KUMAR GUPTA Date: 2025.06.20 20:06:45 +05'30'

AMIT KUMAR GUPTA

COMPANY SECRETARY AND COMPLIANCE OFFICER (ACS - 15754)

LUPIN LIMITED

Registered Office: 3[rd] Floor, Kalpataru Inspire, Off W. E. Highway, Santacruz (East), Mumbai - 400 055 India. Tel: (91-22) 6640 2323. Corporate Identity Number: L24100MH1983PLC029442 www.lupin.com

www.lupin.com