Lupin Ltd — Capital/Financing Update 2025

May 27, 2025

May 27, 2025

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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 SEBI (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 May 27, 2025, the Company granted stock options aggregating 7337 to its employees and those of its subsidiaries, at the exercise price of 2.00 each, details of which are as under:

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Sr. No. Name of Plan No. of Options
1 Lupin Employees Stock Option Plan 2011 3886
2 Lupin Subsidiary Companies Employees Stock Option Plan 2011 2229
3 Lupin Subsidiary Companies Employees Stock Option Plan 2014 1222
Total 7337
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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

Digitally signed by AMIT KUMAR GUPTA DN: c=IN, st=Maharashtra, 2.5.4.20=f72cf02f52d2a7e595b45b84659bdca28c8f26a939bb35 835a169f2a237229a3, postalCode=400705, street=C701 Shivdarshan CHS Ltd Sector16 Plot No5 Navi Mumbai, pseudonym=d3a468d0d03546efabffd2a7cb7aaaae, title=7875, serialNumber=de9bbd80d8994e4be9f0dd2399144eba7e782d7 0287df6aad1994f0b522fa08a, o=Personal, cn=AMIT KUMAR GUPTA Date: 2025.05.27 17:05:24 +05'30'

AMIT KUMAR GUPTA

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