Lupin Ltd — Share Issue/Capital Change 2021

Jan 6, 2021

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

January 6, 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 the SEBI (Listing obligations and Disclosure Requirements Regulations, 2015.

---------------------------------------------------------------------------------------------------------------------------------------------------This is to inform you that on January 5, 2021, the Company granted 764084 stock options to the employees of the Company and its overseas subsidiaries, at an 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 2011	97725
2	Lupin Employees Stock Option Plan 2014	388685
3	Lupin Subsidiary Companies Employees Stock Option Plan 2011	72006
4	Lupin Subsidiary Companies Employees Stock Option Plan 2014	205668

One stock option will be converted into one equity share of 2.00 each and the said options are exercisable after a vesting period of 12 months but before 10 years from the date of grant, which is January 5, 2021.

Kindly take the above on your records.

Thanking you,

For LUPIN LIMITED

Digitally signed by Rajvardhan Vishnu Satam Rajvardhan DN: c=IN, o=Personal, 2.5.4.20=e8a002ede68da3b7e41e01d21c 2b9062761a29a5f00491762a5ac549cb03 4cae, postalCode=400104, Vishnu st=Maharashtra, serialNumber=df8ebe60a88c796663c73 8ea25bfa0b475d195f726cdb67a2ff09c42 Satam 42771b2a, cn=Rajvardhan Vishnu Satam Date: 2021.01.06 23:18:16 +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