Lupin Ltd — Share Issue/Capital Change 2020

Apr 21, 2020

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April 21, 2020

BSE Limited Department of Corporate Services, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400 001

Scrip Code: BSE - 500257

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 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

RAJVARDHAN VISHNU SATAM Digitally signed by RAJVARDHAN VISHNU SATAM DN: c=IN, o=Personal, postalCode=400062, st=Maharashtra, 2.5.4.20=c19d8ef961d9fa59e973a093a4d3924b2532eb2f496ea7e2abcf74700f5375b7, serialNumber=df8ebe60a88c796663c738ea25bfa0b475d195f726cdb67a2ff09c4242771b2a, cn=RAJVARDHAN VISHNU SATAM Date: 2020.04.21 11:22:38 +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