Agreements

22 July 2026 BSE Limited National Stock Exchange of India Limited Corporate Services, Exchange Plaza, Piroze Jeejeebhoy Towers, Bandra Kurla Complex, Dalal Street, Mumbai – 400 001 Bandra (East), Mumbai 400051 Security BSE NSE ISIN Equity Shares 532313 MAHLIFE INE813A01018 Subject : Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”). Dear Sir / Madam, Pursuant to Regulation 30 of Listing Regulations, this is to inform you that Mahindra World City Developers Limited (MWCDL), a material subsidiary of Mahindra Lifespace Developers Limited (“the Company”), Sumitomo Corporation, Japan and Mahindra Industrial Park Chennai Limited (MIPCL), subsidiary of MWCDL and step-down and material subsidiary of the Company, has today i.e. on 22 July 2026 executed a Second Supplemental Agreement. The details as required pursuant to SEBI Circular No. No. HO/49/14/14(7)2025-CFD- POD2/I/3762/2026 dated 30th January 2026 are enclosed as Annexure A. This intimation is also being uploaded on the Company’s website at https://www.mahindralifespaces.com/. Kindly take the above on record and acknowledge receipt of the same. F or Mahindra Lifespace Developers Limited Bijal Parmar Company Secretary and Compliance Officer Membership No. A32339 ANNEXURE A (Agreements (viz. shareholder agreement(s), joint venture agreement(s), family settlement agreement(s) (to the extent that it impacts management and control of the listed entity), agreement(s)/treaty(ies)/contract(s) with media companies) which are binding and not in normal course of business, revision(s) or amendment(s) and termination(s) thereof) Sr. Details of Events that need to be Information of such events(s) No. provided 1. Name(s) of parties with whom the A Second Supplemental Agreement has agreement is entered; been executed amongst Sumitomo Corporation (SC), Japan, Mahindra World City Developers Limited (MWCDL) and Mahindra Industrial Park Chennai Limited (MIPCL), herein after referred as “JV Partners”, today on 22 July 2026 at around 10:40 am. 2. Purpose of entering into the The Supplemental Agreement records the agreement; Parties’ intention to collaborate and to further expand the existing Industrial Park in the State of Tamil Nadu, India by developing Phase 2B in Chennai (the “Project”). This Agreement is an extension of the Joint Venture Agreement dated 28 May 2015 (including amendments undertaken from time to time) and the first Supplemental Agreement dated 22 November 2024, under which the Parties have jointly developed Phase 1 and Phase 2A of the Project, respectively. 3. Shareholding, if any, in the entity with The Company holds 89% of total equity whom the agreement is executed; share capital of MWCDL (a 89:11 Joint Venture between the Company and Tamil Nadu Industrial Development Corporation Limited [TIDCO]). Further, MWCDL holds 60% of total equity shareholding of MIPCL and the balance 40% is held by Sumitomo Corporation, Japan. 4. Significant terms of the agreement (in Each JV partner has the right to appoint brief) special rights like right to directors in accordance with the Joint appoint directors, first right to share Venture Agreement dated 28 May 2015 subscription in case of issuance of including amendments undertaken from shares, right to restrict any change in time to time. MWCDL shall have the right to capital structure etc.; nominate majority of Directors on the Board of MIPCL. The other terms and conditions would be governed by the Second Supplemental Agreement including any amendment thereof from time to time. 5. Whether, the said parties are related MWCDL is a subsidiary of the Company and to promoter/promoter group/ group MIPCL (A joint venture between MWCDL companies in any manner. If yes, and SC) is a subsidiary of MWCDL and nature of relationship; step-down subsidiary of the Company. 6. Whether the transaction would fall Yes, the same would be a related party within related party transactions? If transaction and that the terms and yes, whether the same is done at conditions captured in the Supplemental “arm’s length”; Agreement are as mutually agreed between the Parties. Any transaction undertaken in pursuance thereto shall be undertaken in compliance with the applicable laws and on an arm’s length basis. 7. In case of issuance of shares to the Not Applicable parties, details of issue price, class of shares issued; 8. Any other disclosures related to such As mentioned above agreements, viz., details of nominee on the board of directors of the listed entity, potential conflict of interest arising out of such agreements, etc.; 9. In case of termination or amendment of agreement, listed entity shall disclose additional details to the stock exchange(s): a. name of parties to the Second Supplemental Agreement has been agreement; executed amongst Sumitomo Corporation b. nature of the agreement; (SC), Japan, Mahindra World City Developers Limited and Mahindra Industrial Park Chennai Limited (MIPCL). c. date of execution of the 22 July 2026 agreement; d. details of amendment and The Supplemental Agreement records the impact thereof or reasons of Parties’ intention to collaborate and to further expand the existing Industrial Park in termination and impact the State of Tamil Nadu, India by developing thereof. Phase 2B in Chennai (the “Project”). This Agreement is an extension of the Joint Venture Agreement dated 28 May 2015 (including amendments undertaken from time to time) and the first Supplemental Agreement dated 22 November 2024, under which the Parties have jointly developed Phase 1 and Phase 2A of the Project, respectively.