Mahindra Lifespace Developers Ltd. — Capital/Financing Update 2019

Sep 26, 2019

TRANSFORMING URBAN LANDSCAPES FOR

mahindra LIFESPACES

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26[th ] September, 2019

BSE Limited

Corporate Services, Piroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400 001 Listing: http://listing.bseindia.com

National Stock Exchange of India Limited

Exchange Plaza, Bandra Kurla Complex, Bandra (East), Mumbai - 400 051 Listing: www.connect2nse.com/LISTI NG/

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BSE NSE ISIN 532313 MAHLIFE INE813A01018

Sub: - Intimation under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI LODR")

Dear Sir/ Madam,

This is to inform you that Mahindra Homes Private Ltd ("MHPL"), a subsidiary of the Company and a joint venture between the Company and Actis Mahi Holdings (Singapore) PrivGte Limited ("Actis"), in terms ot the Shareholders Agreement dated 25[11] ' July, 2013 (as amended), has allotted to the Company 3,20, 17,000 Series B Optionally Convertible Debentures (OCDs) of the face value of Rs. 100 each. The Company in accordance with the terms of OCDs, had applied for the conversion of the said OCDs into Equity shares.

Accordingly, MHPL converted the 3,20, 17,000 Series B Optionally Convertible Debentures (OCDs) and allotted to the Company fully paid-up 64,034 Series C Equity Shares (non-voting rights) of the face value of Rs. 10 each.

The details as required under SEBI LODR read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated 9 [th ] September, 2015 are given in Annexure A tu l11is letter.

The aforesaid information will also be disclosed on the website of the Company http://www.mah indralifespaces. cor.

Thanking You For and on behalf of

Mahindra Lifespace Developers Limited

� SuhasKulk ✓ Chief Legal Officer & Company Secretary FCS: 2427

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Mahindra Lifespace Developers Ltd. CIN LI.J�i(:;[J[JMl-11989PLC11 B9t.19

Mahindra Towers, 5th Floor, Or. G. M. Bhosale Mar'g, Worli, Mumbai 400 018, India Tel.: +81 22 67478600/ 8601

TRANSFORMING URBAN LANDSCAPES FOR

mal,&ndra LIFESPACES

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As per the SHA (as amended), the Company and Actis applied for conversion of their respective debentures into Equity Shares of MHPL.

Accordingly, MHPL has converted:

• a) 3,20, 17,000 OCDs held by the Company and allotted 64,034 fully paid-up Series C Equity Shares (non voting rights) of the face value of Rs. 10 each at the conversion price of Rs. 50,000 per Equity Share;

• b) 3,20, 17,000 CCDs held by Actis and allotted 64,034 fully paid-up Series B Equity Shares (non voting rights) of the face value of Rs. 10 each at the conversion price of Rs. 50,000 per Equity Share;

Whilst, the Cu111µc1ny and Actis continues to l1old Series A Equity Shares (with Voting Rights) in MHPL in the ratio of 74.99:25.01, respectively.

Consequent to the conversion, the shareholding of the Company in the overall paid up share capital (having voting and non-voting shares) of MHPL has decreased from 74.99% to 71.61%.

MHPL and the Company are in similar line of business activity. 5. Brief details of any governmental or The conversion of afore mentioned OCDs into regulatory approvals required for the Series C Equity Shares is made after obtaining acquisition requisite approvals. 6. Indicative time period for completion of Not Applicable as the conversion activity is the acquisition completed. 7. Nature of consideration - whether cash No cash consideration or share swap is involved in consideration or share swap and details the transaction. of the same 3,20, 17,000 OCDs held by the Company, are converted into 64,034 Series C Equity Shares (non­ voting rights) of the face value of Rs. 10 each, at

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