Lupin Ltd — Regulatory Filings 2021

May 26, 2021

May 26, 2021

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BSE Limited Department of Corporate Services, P. J. Towers, Dalal Street MUMBAI - 400 001.

• National Stock Exchange of India Limited

Exchange Plaza, Bandra Kurla Complex, Bandra (East), Mumbai - 400 051.

Dear Sir/Madam,

Sub: Disclosure pursuant to Regulation 23(9) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

In compliance with Regulation 23(9) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, enclosed is the consolidated disclosure of Related Party Transactions and balances for the half year ended March 31, 2021.

Kindly note the above and take on record.

Thanking You,

For LUPIN LIMITED

Rajvardhan

Vishnu Satam

Digitally signed by Rajvardhan Vishnu Satam DN: c=IN, o=Personal, 2.5.4.20=e8a002ede68da3b7e41e01d21c2b9062761a29a5f004 91762a5ac549cb034cae, postalCode=400104, st=Maharashtra, serialNumber=df8ebe60a88c796663c738ea25bfa0b475d195f7 26cdb67a2ff09c4242771b2a, cn=Rajvardhan Vishnu Satam Date: 2021.05.26 18:08:42 +05'30'

R. V. SATAM COMPANY SECRETARY (ACS - 11973)

Encl- : a/a.

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

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Disclosure of related party transactions and balances for the half year ended March 31, 2021 (Consolidated)

A. Relationships -

Category I: Entity having significant influence over the company:

Lupin Investments Pvt. Limited

Category II: Jointly Controlled Entity:

YL Biologics Ltd., Japan

Category III: Key Management Personnel (KMP)

Ms. Vinita Gupta Chief Executive Officer Mr. Nilesh D. Gupta Managing Director Mr. Ramesh Swaminathan Executive Director, Global CFO & Head Corporate Affairs Mr. R. V. Satam Company Secretary

Non- Executive Directors

Mrs. Manju D. Gupta Chairman Dr. Kamal K. Sharma Vice Chairman Mr. R. A. Shah (up to August 12, 2020) Independent Director Mr. Richard Zahn (up to August 12, 2020) Independent Director Dr. K. U. Mada (up to August 12, 2020) Independent Director Mr. Dileep C. Choksi (up to August 12, 2020) Independent Director Mr. Jean Luc Belingard Independent Director Ms. Christine Mundkur Independent Director Mr. K. B. S. Anand (w.e.f. August 12, 2020) Independent Director Dr. Punita Kumar-Sinha (w.e.f. August 12, 2020) Independent Director Mr. Robert Funsten (w.e.f. November 10, 2020) Independent Director Mr. Mark D. McDade (w.e.f. January 28, 2021) Independent Director

Category IV: Others (Relatives of KMP and Entities in which the KMP and Relatives of KMP have control or significant influence)

Ms. Kavita Gupta (Daughter of Chairman) Dr. Anuja Gupta (Daughter of Chairman) Dr. Richa Gupta (Daughter of Chairman) Ms. Shefali Nath Gupta (Wife of Managing Director) Miss Veda Nilesh Gupta (Daughter of Managing Director) Master Neel Deshbandhu Gupta (Son of Managing Director) D. B. Gupta (HUF) Gupta Family Trust Lupin Human Welfare and Research Foundation Mata Shree Gomati Devi Jana Seva Nidhi Polynova Industries Limited Zyma Properties Pvt. Limited Shuban Prints S N Pharma Team Lease Services 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

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B. Transactions with the Related Parties:

(₹ in million)

Sr. No.	Transactions	For the six months ended 31.03.2021
1.	Rent Paid Others	22.7
2.	Expenses Recovered / Rent Received Others	0.8
3.	Remuneration Paid KeyManagement Personnel	112.8
4.	Purchases of Goods / Materials Jointly Controlled Entity Others	8.8 97.4
5.	Commission, Perquisites & Sitting fees to Non-Executive Directors KeyManagement Personnel	57.1
6.	Donations Paid Others	118.8
7.	Services Received (Expense) Jointly Controlled Entity Others	35.5 39.8
8.	Expenses incurred on our behalf & Other Reimbursement Others	2.3

C. Balances due from/to the Related Parties:

(₹ in million)

		(₹in million)
Sr. No.	Balances	As at 31.03.2021
1.	Deposits paid under Leave and License arrangement for Premises Others	29.0
2.	Trade Receivables Jointly Controlled Entity	30.4
3.	Trade Payables Others	6.4
4.	Deposits received under Leave and License arrangement for Premises Others	0.1

Transactions and balances with Jointly Controlled Entity have been reported at full value.

For LUPIN LIMITED

Rajvardhan Vishnu Satam

Digitally signed by Rajvardhan Vishnu Satam DN: c=IN, o=Personal, 2.5.4.20=e8a002ede68da3b7e41e01d21c2b9062761a29a5f00 491762a5ac549cb034cae, postalCode=400104, st=Maharashtra, serialNumber=df8ebe60a88c796663c738ea25bfa0b475d195f 726cdb67a2ff09c4242771b2a, cn=Rajvardhan Vishnu Satam Date: 2021.05.26 18:09:02 +05'30'

R. V. SATAM COMPANY SECRETARY (ACS - 11973)

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