Lupin Ltd — Major Shareholding Notification 2021

Jun 15, 2021

Central Office, Investment Dept., 'Yogakshema' 6^th Floor, Jeevan Bima Marg, Mumbai: 400021
Ph: 022 -66598851/26/38/47/ Fax: 22825411

Ref: Inv/Back Office

Date 15,06,2021

The Company Secretary LUPIN LTD.

Kalpataru Inspire, 3rd Floor, Off Western Express Highway, Santacruz (East), Mumbai, Maharashtra, 400055

Dear Sir.

Re: Disclosures under Regulation 29(2) the SEBI (Substantial Acquisition of shares and takeovers) Regulations, 2011.

We are sending herewith the disclosures as required under above mentioned SEBI regulations for a person holding more than 5% shares in a listed company. For your information we are also providing our DP IDs, Client IDs & PAN number.

Our PAN number is

Yours faithfully,

Asst.Secretary (Investment-M&A)

$_{\rm Cc}$

1.BSE Ltd, Phiroze Jeejeebhoy Towers Dalal Street, Plot no. C/1, G Block, Mumbai - 400 001.

1. NSE Ltd, Bandra -- Kurla Complex, Bandra (E), Mumbai -- 400 051. Encis: As above

Annexure B

Securities and Exchange Board of India
(Substantial Acquisition of Share and Takeover) Regulations, 2011 [Regulations 29 (2)]

Regulation 29 (2) - Details of change in shareholding in respect of persons holding
more than 5% shares in a listed Company -

Name of the Target Company (TC)	LUPIN LTD.
Name(s) of the acquirer and Persons Acting in Concert (PAC) with the Acquirer	Life Insurance Corporation of India Central Office, Yogakshema 6th Floor, Mumbai- 400021. 022-66598626/8851
Whether the acquirer belongs to Promoter/Promoter group	No.
Name(s) of the Stock Exchange(s) where the shares of TC are Listed	NSE/BSE
Details of the acquisition / disposal/holding of shares/voting rights/holding of the Acquirer and PAC	Number	% w.r.t.total share/voting capital wherever applicable	% w.r.t. total diluted share/voting capital of the $TC(*)$
Before the acquisition/disposal under consideration, holding of:
a) Shares carrying voting rights b) Voting rights (VR) otherwise than by shares	20,918,520	4.610%	NA
c) Warrants/convertible securities/any other instrument that entitles the acquirer to receive shares carrying voting rights in the T C (specify holding
in each category) Total (a+b+c)
Details of acquisition/sale	20,918,520	4.610%
a) Shares carrying voting rights acquired/sold	9,161,996	2.019%
b) VRs acquired /sold otherwise than by shares c) Warrants/convertible securities/any other instrument that
entitles the acquirer to receive shares carrying voting
rights in the TC (specify holding in each category) acquired/sold
Total (a+b+c)	9,161,996	2.019%

After the acquisition/sale, holding of:
a) Shares carrying voting rights b) VRs otherwise than by shares c) Warrants/convertible securities/any other instrument	30,080,516	6.629%
that entitles the acquirer to receive shares carrying voting rights in the TC (specify holding in each category) after Acquisition.
Total (a+b+c)	30,080,516	6.629%
Mode of acquisition / sale (e.g. open market / off-market / public issue / rights issue / preferential allotment / Inter-se transfer etc).	MARKET PURCHASE
Date of acquisition / sale of shares / VR or date of receipt of intimation of allotment of shares, whichever is applicable	$16.03.2021 - 14.06.2021$
Equity share capital / total voting capital of the TC before the said acquisition / sale	907,541,808
Equity share capital/ total voting capital of the TC after the said acquisition / sale	907,541,808
Total diluted share/voting capital of The TC after the said acquisition/sale.	NA

(*) Diluted share/voting capital means the total number of shares in the TC assuming full
Conversion of the outstanding convertible securities/warrants into equity shares of the TC.

$M\sim$

Signature of the acquirer / seller / Authorised Signatory

Place: MUMBAI

Date: 15.06.2021