Lupin Ltd — Capital/Financing Update 2026

Apr 17, 2026

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April 17, 2026

National Stock Exchange of India Limited BSE Limited Exchange Plaza, P. J. Towers, Dalal Street, Bandra Kurla Complex, Mumbai Samachar Marg, Bandra (East), Mumbai - 400 001 Mumbai - 400 051 Symbol: LUPIN Scrip Code: Equity - 500257

Subject: Disclosure pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Incorporation of a wholly owned subsidiary of the Company in Thailand

Dear Sir/Madam,

Pursuant to Regulation 30 read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘SEBI Listing Regulations’), we are pleased to inform you that the Company has incorporated a wholly owned subsidiary in Thailand in the name and style ‘Lupin (Thailand) Limited’ on April 17, 2026.

The details required under Regulation 30 and Schedule III of the SEBI Listing Regulations, read with the SEBI Master Circular dated January 30, 2026, bearing reference number HO/49/14/14(7)2025-CFD-POD2/I/3762/ 2026 and such other circulars as applicable (‘SEBI Master Circular’), is set out below at Annexure I.

The above is for your information and dissemination.

Thanking you,

For LUPIN LIMITED

AMIT Digitally signed by AMIT KUMAR GUPTA DN: c=IN, st=Maharashtra, 2.5.4.20=f72cf02f52d2a7e595b45b84659bdc a28c8f26a939bb35835a169f2a237229a3, postalCode=400705, street=C701 Shivdarshan CHS Ltd Sector16 Plot No5 Navi Mumbai, KUMAR pseudonym=d3a468d0d03546efabffd2a7cb7aaaae, title=7875, serialNumber=de9bbd80d8994e4be9f0dd23 99144eba7e782d70287df6aad1994f0b522fa0 GUPTA 8a, o=Personal, cn=AMIT KUMAR GUPTA Date: 2026.04.17 17:03:52 +05'30' AMIT KUMAR GUPTA COMPANY SECRETARY & COMPLIANCE OFFICER (ACS -15754)

Encl.: a/a.

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 info@lupin.com | www.lupin.com

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Annexure I

Disclosure as per Regulation 30 of the SEBI Listing Regulations read with the SEBI Master Circular.

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----- Start of picture text ----- Sr. No. Particulars Details1. Name of the entity, date & country of Name of the entity : Lupin (Thailand) Limitedincorporation, etc.;Date of Incorporation : April 17, 2026.Country of incorporation : Thailand2. Name of holding company of the Lupin (Thailand) Limited is a wholly owned subsidiary of theincorporated company and relation Company.with the listed entity;3. Industry to which the entity being Pharmaceutical Industry.incorporated belongs;4. Brief background about the entity Lupin (Thailand) Limited shall be engaged to import,incorporated in terms of products / line market, promote, distribute and sell pharmaceuticalof business; products in Thailand.5. Brief details of any governmental or Not Applicableregulatory approvals required for theincorporation;6. Nature of consideration - whether cash Cashconsideration or share swap anddetails of the same;7. Cost of subscription / price at which Lupin (Thailand) Limited has been incorporated with athe shares are subscribed; registered and paid up capital of 3,000,000 Baht (ThreeMillion Baht) divided into 600,000 Shares of par value of5 Baht each.8. Percentage of shareholding / control 100% of the shareholding of Lupin (Thailand) Limited isby the listed entity and / or number of held by the Company.shares allotted.----- End of picture text -----

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 info@lupin.com | www.lupin.com