Lupin Ltd — Share Issue/Capital Change 2025

Jan 20, 2025

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January 20, 2025

Ref: LL/Stk/ESOP

National Stock Exchange of India Limited

Exchange Plaza, Bandra Kurla Complex, Bandra (East), Mumbai - 400 051

BSE Limited

P. J. Towers, Dalal Street, Mumbai Samachar Marg, Mumbai - 400 001

Symbol: LUPIN

Scrip Code: Equity - 500257

Dear Sir/Madam,

Sub: Disclosure pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015.

We would like to inform that the Nomination and Remuneration Committee of the Board of Directors of the Company on January 20, 2025, have approved the grant of 233,945 stock options to the employees of the Company and those of its subsidiaries. The details of the stock options granted are mentioned hereunder:

Sr. No	Name of Plan(s)	No. of stockoptions	ExercisePrice	Vesting period
12	LupinEmployeesStockOption Plan 2011Lupin Subsidiary CompaniesEmployees Stock Option Plan2011	108,969124,976	₹2.00/-each.	Thevestingschedulewill be 25%:25%:25%:25%over a period of fouryears. The first vestingshall occur upon thecompletion of one yearfrom the date ofgrant.
	Total	233,945

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

Kindly take the above on your records.

Thanking you,

For LUPIN LIMITED

Amit Kumar Gupta

Digitally signed by Amit Kumar Gupta DN: c=IN, o=Personal, title=7875, pseudonym=d30e6db65d0a41f2b9a52198e78bf149, 2.5.4.20=b7e8678b2d6b381cb8f4761d9cbb4338253df2c8e93e8fcf768f8e86438a00a1, postalCode=400705, st=Maharashtra, serialNumber=de9bbd80d8994e4be9f0dd2399144eba7e782d70287df6aad1994f0b522fa08a, cn=Amit Kumar Gupta Date: 2025.01.20 20:59:01 +05'30'

AMIT KUMAR GUPTA COMPANY SECRETARY AND COMPLIANCE OFFICER (ACS - 15754)

LUPIN LIMITED

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