Lupin Ltd — Share Issue/Capital Change 2022

Mar 8, 2022

March 8, 2022

BSE Limited Department of Corporate Services Phiroze Jeejeebhoy Towers, Dalai 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.

This is to inform you that the Company granted options aggregating 8136 on March 1, 2022 to the employees of its subsidiary companies, at the exercise price of t 2.00 each, details of which are as under:

Sr. No.
	Name of Plan	No. of Options
	Lupin Subsidiary Companies Employees Stock Option Plan 2011 _
2		642
	Lupin Subsidiary Companies Employees Stock Option Plan 2014	7494
	Total	8136

Please note that one stock option entitles the grantee to subscribe to one equity share of the Company of t 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 March 1, 2022.

Kindly take the above on your records.

Thanking you,

For LUPIN LIMITED

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

LUPIN LIMITED

Registered Office: 3' Floor, Kalpataru Inspire, Off W. E. Highway, Santacruz (East), Mumbai -400055 India. Tel : (91-22) 6640 2323. Corporate Identity Number: L24100MH1983PLCO29442 www.lupin.com