Lupin Ltd — Share Issue/Capital Change 2021

May 19, 2021

==> picture [79 x 93] intentionally omitted <==

May 19, 2021

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 SEBI (Listing obligations and Disclosure Requirements) Regulations, 2015

---

This is to inform you that the Company granted Stock Options aggregating 1769 on May 10, 2021, to the employees of the Company, at the exercise price of 2.00 each, details of which are as under: -

Sr. No.	Name of Plan	No. of Options
1	Lupin Employees Stock Option Plan 2014	1769

Please note that one equity share of 2.00 each is covered by each option 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

Rajvardhan Vishnu Satam

Digitally signed by Rajvardhan Vishnu Satam DN: c=IN, o=Personal, 2.5.4.20=e8a002ede68da3b7e41e01d21c2b9062761a29a5f 00491762a5ac549cb034cae, postalCode=400104, st=Maharashtra, serialNumber=df8ebe60a88c796663c738ea25bfa0b475d19 5f726cdb67a2ff09c4242771b2a, cn=Rajvardhan Vishnu Satam Date: 2021.05.19 20:52:42 +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

www.lupin.com