Mahindra Lifespace Developers Ltd. — Capital/Financing Update 2022

May 19, 2022

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19[th] May, 2022

BSE Limited	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/

Re:

Re:
Security		BSE	NSE	ISIN
EquityShares	532313		MAHLIFE	INE813A01018

Dear Sirs / Madam,

Sub.: Intimation under Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015 [“SEBI LODR”]

Pursuant to Regulation 30 of SEBI LODR, this is to inform that the shareholders of Mahindra Homes Private Limited [“MHPL”] [a Material Subsidiary of the Company and a joint venture between the Company and Actis Mahi Holdings (Singapore) Private Limited] at its meeting held on 19[th] May, 2022 has approved reduction of the issued, subscribed and paid up equity share capital of MHPL from Rs. 91,35,530/- to Rs. 87,95,530 by cancelling and extinguishing 17,000 equity shares of Series B held by Actis and 17,000 equity shares of Series C held by the Company.

Each of the equity shareholder of Series B and Series C will be paid a sum of Rs. 70.92 crore (including premium) for the extinguishment of equity shares held by them. The valuation has been arrived based on an independent registered valuer’s valuation report.

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The above is subject to the approval of National Company Law Tribunal (NCLT), Mumbai and other competent authorities.

Kindly acknowledge the receipt of the above.

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