Lupin Ltd — Share Issue/Capital Change 2023

Dec 14, 2023

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December 14, 2023

National Stock Exchange of India Ltd. Exchange Plaza, 5[th] Floor Plot no. C1/G Block, Bandra Kurla Complex Bandra (E), Mumbai - 400 051

NSE - LUPIN

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, as approved by the Nomination and Remuneration Committee of the Company on December 13, 2023, the Company granted stock options aggregating 258695 to its employees and those of its subsidiaries, at the exercise price of 2.00 each, details of which are as under:

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----- Start of picture text ----- Sr. No. Name of Plan No. of Options1 Lupin Employees Stock Option Plan 2011 1000002 Lupin Subsidiary Companies Employees Stock Option Plan 2011 150003 Lupin Subsidiary Companies Employees Stock Option Plan 2014 143695Total 258695----- End of picture text -----

Please note that upon vesting, one stock option entitles the grantee to subscribe to one equity share of the Company of ₹ 2.00 each. 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.

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=c19d8ef961d9fa59e973a093a4d3924b2532eb2f496ea7e2abc f74700f5375b7, postalCode=400104, street=2404,SEJAL TOWER,SEJAL PARK,LINK ROAD,GOREGAON WEST,Mumbai,Motilal Nagar,Borivali,Mumbai Suburban, pseudonym=9a4b7cd219ea516ad56e6d651dcbbe5b, title=0191, serialNumber=df8ebe60a88c796663c738ea25bfa0b475d195f726cdb6 7a2ff09c4242771b2a, o=Personal, cn=Rajvardhan Vishnu Satam Date: 2023.12.14 14:35:42 +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