Lupin Ltd — Share Issue/Capital Change 2020

Aug 14, 2020

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August 14, 2020

National Stock Exchange of India Ltd.

Exchange Plaza, 5[th] Floor Plot no. C1/G Block, Bandra Kurla Complex Bandra (E), Mumbai – 400 051

NSE - LUPIN

Dear Sir/Madam,

Sub: Disclosure pursuant to Regulation 30 of the SEBI (Listing obligations and Disclosure Requirements) Regulations, 2015

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This is to inform you that the Company has granted 1727 options on August 10, 2020 to the employees of the Company and its subsidiary companies, at the exercise price of 2.00 each, details of which are as under:

Sr. No.	Name of Plan	No. of Options
1	Lupin Subsidiary Companies EmployeesStock Option Plan 2011	350
2	Lupin Employees Stock Option Plan 2014	1377

Please note that one equity share of r 2.00 each is covered by each option above and the options are exercisable after a minimum vesting period of 12 months.

Kindly take the above on your records.

Thanking you,

Yours truly

For LUPIN LIMITED

Digitally signed by RAJVARDHAN VISHNU SATAM RAJVARDH DN: c=IN, o=Personal, postalCode=400062, st=Maharashtra, 2.5.4.20=c19d8ef961d9fa59e973a093a4d 3924b2532eb2f496ea7e2abcf74700f537 AN VISHNU 5b7, serialNumber=df8ebe60a88c796663c73 8ea25bfa0b475d195f726cdb67a2ff09c42 SATAM 42771b2a, cn=RAJVARDHAN VISHNU SATAM Date: 2020.08.14 13:58:30 +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