Lupin Ltd — Share Issue/Capital Change 2021

Feb 25, 2021

BSE Limited February 25, 2021 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

This is to inform you that the Company has granted 77 48 options on February 24, 2021 to the employees of of the Company and its subsidiary companies, at the exercise price of ~ 2.00 each. details of which are as under:

Sr. No.	Name of Plan	No. of Options
1	Lupin Subsidiary Companies Employees Stock Option Plan 2011	1715
2	Lupin Subsidiary Companies Employees Stock Option Plan 2014	4583
3	Lupin Employees Stock Option Plan 2014	1450

Please note that one equity share of Rs.2.00 each is covered by eac h option above and the options are exercisable after a minimum vesting period of 12 months.

Kindly take the above on your records.

Thanking you.

Yours truly ~JR. V. SATAM ~l ~ompany Secretary (ACS-11973)

LUPIN LIMITED

Registered Office: 3 Floor, Kalpataru lnsp1re. Off W. E. Highway, Santacruz (East), Mumba1 - 400 055 India. Tel : (91-22) 6640 2323. Corporate ldent1ty Number. l241 OOMH1 983PLC029442 www.lupin.com