Mahindra Lifespace Developers Ltd. — Capital/Financing Update 2021

Mar 17, 2021

17th March, 2021

BSE Limited	National Stock Exchange of India Limited
Corporate Services,	Exchange Plaza,
Piroze Jeejeebhoy Towers,	Sandra Kurla Complex,
Dalal Street,	Sandra (East), Mumbai 400051
Mumbai - 400 001
Listing: http://listinq.bseindia.com	Listing: https://www. con nect2nse .com/LISTI NG/

Re:

Security	BSE	NSE	ISIN
Equity Shares	532313	MAHLIFE	INE813A01018

Dear Sirs/ Madam,

Sub.: Grant of Options under Employees Stock Options Scheme-2012 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 Stock Options under the Company's Employee Stock Option Scheme (ESOS - 2012) to 12 (Twelve) Eligible Employees of the Company and of its subsidiaries. The brief details of the Stock Options granted, in accordance with the modified criteria, are as under:
• a) Date of recommendation of the Committee for grant of Stock Options or the relevant date - 17th March, 2021 ;
• b) Number of Stock Options granted 32 ,654 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 32,654 equity shares of Rs. 10/- each.
• d) Exercise price Rs. 10/- per Stock Option.

Mahindra Lifespace Developers Ltd.

CIN: L45200MH1999PLC118949

Mahindra Towers, 5th Floor, Dr. G. M. Bhosale Marg Worli, Mumbai 400 018, India Tel: +91 22 6747 8600/8601

www.mahindralifespaces.com

e) Vesting period -

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

Vesting No	Vesting Period	Percentage
1	After 12 months from date of Grant	33.33%
2	After 24 months from date of Grant	33.33%
3	After 36 months from date of Grant	33.34%

• f) Exercise Period: The vested Stock Options can be exercised any time after vesting depending on right to exercise within a period of 5 years from date of Grant.
• g) The Grants have been made as per the terms and conditions mentioned in the Scheme - ESOS 2012, as modified, from time to time.

Kindly take note of the above.

Thanking you ,

Yours faithfully, For Mahindra Lifespace Developers Limited

<.......

Ankit Shah Assistant Company Secretary & Compliance Officer ACS26552

Mahindra Lifespace Developers Ltd.

CIN: L45200MH1999PLC118949

Mahindra Towers. 5th Floor, Dr. G. M. Bhosale Marg Worli, Mumbai 400 018, India Tel: +91 22 6747 8600/8601

www.mahindralifespaces.com