Lupin Ltd — Share Issue/Capital Change 2020

Apr 21, 2020

==> picture [84 x 99] intentionally omitted <==

April 21, 2020

National Stock Exchange of India Ltd. Exchange Plaza, 5[th] Floor Plot no. C1/G Block, Bandra Kurla Complex, Bandra (East), Mumbai - 400 051.

NSE - LUPIN

Dear Sir/Madam,

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

--------------------------------------------------------------------

This is to inform you that the Company has granted 31068 options on April 20, 2020 to the employees of the Company and its Subsidiary, at the exercise price of 2.00 each, details of which are as under: -

Sr. No.	Name of the Plan	No. of Options
1	Lupin Employees Stock Option Plan 2014	30543
2	Lupin Subsidiary Companies Employees Stock Option Plan 2011	525

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

Kindly take the above on your records.

Thanking you,

Yours truly

For LUPIN LIMITED

Digitally signed by RAJVARDHAN VISHNU RAJVARDH SATAM DN: c=IN, o=Personal, postalCode=400062, st=Maharashtra, 2.5.4.20=c19d8ef961d9fa59e973a093a4d3 AN VISHNU 924b2532eb2f496ea7e2abcf74700f5375b7, serialNumber=df8ebe60a88c796663c738e a25bfa0b475d195f726cdb67a2ff09c42427 71b2a, cn=RAJVARDHAN VISHNU SATAM SATAM Date: 2020.04.21 11:23:33 +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: L241OOMH1983PLC029 www.lupin.com