Lupin Ltd — Share Issue/Capital Change 2021

Dec 1, 2021

December 1, 2021

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

Scrip Code: BSE - 500257

Dear Sir/Madam,

Sub: Dlsclosure pursuant to Regulatlon 30 of Sl!ll (Listing oblgatlons and Dlsclosure Requirements) Regulatlons, 2015.

This Is to inform you that the Company granted options aggregating &51647 on November 30, 2021 to the employees of the Company and its subsidiaries, at the exercise price of ' 2.00 each, details of which are as under:

I ~.1No. -+--	--- Nam• of Plan	No. of Options
	Lupin Employees Stock Option Plan 2011	60000
	____ Lupin Employees Stock Option P_la_n_20_ 14	84870
	Lupin Subsidiary Companies Employees Stock Option Plan 2011	-1----- 67805
[±: I	- L up In Subsidiary Companies Employees Stock Option Plan 2014	- 338972
	Total	551647

Please note that one stock option entitles the grantee to subscribe to one equity share of the Company of ' 2.00 each, after vesting. The vesting schedule of stock options will be 25%:25%:253:25% over four years upon completion of one year from the date of grant, which is November 30, 2021 .

Kindly take the above on your records.

Thanking you,

Foi.Jj;IMl!~D

R. V.SATAM COMPANY SECRETARY (ACS· 11973)

LUPIN LIMITED