Mahindra Lifespace Developers Ltd. — Capital/Financing Update 2019

Jul 26, 2019

mahlndra LIFESPACES

Mahindra Lifespace Developers Ltd. CIN: L45200MH1899PLC118949

Mahindra Towers, 5th Floor, Or. G. M. Bhosale Marg, Wor!i, Mumbai 400 01 8. India

Tel: +91 22 67478600 / 8601 Fax: +91 22 24975084

26[th ] July, 2019

National Stock Exchange of India Limited Corporate Services, Exchange Plaza, Piroze Jeejeebhoy Towers, Bandra Kurla Complex, Dalal Street, Bandra (East), Mumbai 400051 Mumbai - 400 001 Listing: http://listing.bseindia.com Listing: https://www.connect2nse.com/LISTING/ �=�,---,---�----------.-c-c--�-=,---c---c=----�---c- ��c-,--ww=w=mocah""indralifespaces.com BSE Limited

Exchange Plaza, Bandra Kurla Complex, Bandra (East), Mumbai 400051 Listing: https://www.connect2nse.com/LISTING/

Re:

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BSE NSE ISIN 5.32313 MAHLIFE INE813A01018

Dear Sirs,

Subject: Grant of Options under Employees Stock Options Scheme of the Company (ESOS - 2012)

This is to inform you that the Nomination and Remuneration Committee of the Board of Directors of the Company at its meeting held today, have, inter alia, approved:

1. Grant of 11[th ] tranche of Stock Options under the Company's Employee Stock Option Scheme (ESOS - 2012) to 28 (Twenty-Eight) Eligible Employees of the Company. The brief details of the Stock Options granted are as under:

   • a. Date of recommendation of the Committee for grant of Stock Options or the relevant date - 26[th ] July, 2019;

   • b. Number of Stock Options granted - 64,500 Stock Options, each Stock Option represents one equity share of face value of Rs. 10 each;

   • c. Number of equity shares covered under the Stock Options granted - 64,500 equity shares of Rs. 10/- each.

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mal,lndra LIFESPACES

• d. Exercise price - Rs. 10/- per Stock Option.

• e. Vesting period -

The vesting of Stock Options commences after a period of 12 months from the date of Grant in four tranches as given below:

Year	Entitlement		Vesting Schedule
1	20%	12	months from the date of Grant
2	20%	24	months from the date of Grant
3	30%	36	months from the date of Grant
4	30%	48	months from the date of Grant

• f. Exercise Period: The exercise period shall commence from the date of vesting and will expire upon completion of five years from the respective date of vesting.

• g. The Grants have been made as per the terms and conditions mentioned in the Scheme - ESOS 2012.

Kindly take note of the above.

Thanking you,

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