Lupin Ltd — Share Issue/Capital Change 2022

Dec 17, 2022

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December 17, 2022

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 SEBI (Listing obligations and Disclosure Requirements) Regulations, 2015.

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This is to inform you that the Company granted stock options aggregating 467312 on December 12, 2022 to the employees of the Company and its subsidiaries, at the exercise price of 2.00 each, as approved by the Nomination and Remuneration Committee of the Company on December 17, 2022, details of which are as under:

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Sr. No. Name of Plan No. of Options
1 Lupin Subsidiary Companies Employees Stock Option Plan 2011 76353
2 Lupin Employees Stock Option Plan 2014 7000
3 Lupin Subsidiary Companies Employees Stock Option Plan 2014 383959
Total 467312
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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%:25%:25% over four years upon completion of one year from the date of grant, which is December 12, 2022.

Kindly take the above on your records.

Thanking you,

For LUPIN LIMITED Rajvardhan Vishnu Satam

Digitally signed by Rajvardhan Vishnu Satam DN: c=IN, st=Maharashtra, 2.5.4.20=c19d8ef961d9fa59e973a093a4d3924b2532eb2f496ea7e2abcf74 700f5375b7, postalCode=400104, street=2404,SEJAL TOWER,SEJAL PARK,LINK ROAD,GOREGAON WEST,Mumbai,Motilal Nagar,Borivali,Mumbai Suburban, pseudonym=9a4b7cd219ea516ad56e6d651dcbbe5b, title=0191, serialNumber=df8ebe60a88c796663c738ea25bfa0b475d195f726cdb67a2 ff09c4242771b2a, o=Personal, cn=Rajvardhan Vishnu Satam Date: 2022.12.17 11:15:25 +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