Lupin Ltd — Share Issue/Capital Change 2022

Jul 20, 2022

July 20, 2022

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

Scrip Code: BSE - 500257

Dear Sir/Madam,

Sub: Dl1clo1ure pursuant to Regulatlon 30 of Sl!ll (Listing obllgatlons and Dl1clo1ure Requirements) Regulatlon1, 2015.

This is to inform you that the Company granted options aggregating J.2Z§ on July 19, 2022 to the employees of its subsidiary companies, at the exercise price of ' 2.00 each, details of which are as under:

I Sr. No. I	Name of Plan	No. of Options
I ____	Lu_p_in_ su_b_sidiary Companies Employees Stock Option Plan 2011	5833
2	-~-- Lupin Subsidiary Companies Employees Stock Option Plan 201~	6912
	Total	12745

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 July 19, 2022.

Kindly take the above on your records.

Thanking you,

For LUPIN UMITl!D

LUPIN LIMITED