Shareholders meeting

June 30, 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 Sub: Notice of the 27th Annual General Meeting and Integrated Annual Report for financial year 2025-26 – Regulations 30 and 34 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations") Further to our letters dated April 28, 2026 and June 26, 2026, and in compliance with Regulation 30, 34 and 24A of the SEBI Listing Regulations, please find enclosed: 1. Notice of the 27th AGM of the Company scheduled to be held on Thursday, July 23, 2026 at 3:30 p.m. (IST) through Video Conference (“VC”)/Any Other Audio-Visual Means (“OAVM”) facility in compliance with the circulars issued by the Ministry of Corporate Affairs and Securities and Exchange Board of India in this regard. The brief details of the agenda items proposed to be transacted at the 27th AGM are given as Annexure A; 2. Integrated Annual Report of the Company for the financial year 2025-26; The aforesaid documents are being dispatched electronically (through e-mail) to all the Members whose e-mail addresses are registered with the Company / KFin Technologies Limited (the Registrar & Share Transfer Agent) / the Depository Participant(s). Physical copies of the same will be provided to the Members on request. Further, in compliance with Regulation 36(1)(b) of the Listing Regulations, a physical communication is being sent to Members whose e-mail ids are not registered with the Company/the Registrar & Share Transfer Agent/the Depository Participant(s) providing the weblink and QR code where the Integrated Annual Report for the Financial Year 2025-26 and the Notice of the 27th Annual General Meeting can be accessed on the Company’s website. The said documents are available on the website of the Company at https://www.mahindralifespaces.com/investor-center/?category=annual-reports and website of National Securities Depository Limited (“NSDL”), e-voting agency at https://www.evoting.nsdl.com/. Further, as per Regulation 24A of SEBI LODR, the Secretarial Audit Reports of material unlisted subsidiary companies are annexed to the Board’s Report in the Integrated Annual Report. The Secretarial Audit Reports does not contain any qualification, reservation or adverse remark or disclaimer. Remote e-voting, electronic participation and e-voting at the 27th AGM: Cut-off date to determine Members Friday, July 17, 2026 eligible for e-voting Commencement of Remote e-voting Monday, July 20, 2026 9:00 a.m. (IST) Conclusion of Remote e-voting Wednesday, July 22, 2026 5:00 p.m. (IST) E-voting at the AGM Thursday, July 23, 2026 from 3:30 p.m. (IST) Links for casting votes through remote e-voting and for attending and e-voting at the 27th AGM For all Members through NSDL Portal: https://www.evoting.nsdl.com For Members holding shares in demat https://eservices.nsdl.com or mode with NSDL: https://www.evoting.nsdl.com For Members holding shares in demat https://web.cdslindia.com/myeasitoken/home/login mode with CDSL: or https://www.cdslindia.com/ Detailed instructions for remote e-voting, participation in the AGM through VC/OAVM mode and e-voting at the AGM are provided in the Notice of the 27th AGM. This intimation is also being uploaded on the website of the Company and can be accessed at https://www.mahindralifespaces.com/investor-center/?category=agm-egm. Kindly take the above on record the same. Thanking you, Yours faithfully, For Mahindra Lifespace Developers Limited Bijal Parmar Company Secretary & Compliance Officer Encl.: As above HOME of POSITIVE ENERGY Integrated Annual Report 2025-26 From Aspiration to Self-Actualisation By Avneet Kaur Waraich I've always earned my growth through hard work, curiosity, and Ms. Nilanjana, with her grounded steadiness and genuine care, recognised persistence. Until an opportunity, for General Management sponsorship the weight of such an aspiration. She held space for my doubts and my emerged. This is a leadership incubation initiative by the Company to dreams, offering reassurance without judgement. recruit, groom and accelerate in-house talent into general management Together, they didn't push me toward a decision. They opened a pathway roles, which is vast, demanding, and honestly, seemed intimidating. It felt I had been too hesitant to step onto. like a path reserved for someone more seasoned, more assured, more ready than me. The Moment That Mattered: Then came the simplest and most powerful act — they lent me their belief. They told me I could do it, and they stood The Enablers: That's when two leaders stepped forward with quiet by me through every round, every interview, and every uncertainty, until conviction — Ms. Anshu Shukla, our Chief of Design, and Ms. Nilanjana the day I was selected for this programme. Saikia, Senior Landscape Design Head and my reporting manager. Reflection: My rise has always come from my own drive. But in that Ms. Anshu didn't simply ask whether I would apply. She asked what the moment, what moved me forward was the rare gift of two leaders seeing programme meant to me, what skills it could unlock, and what future my potential with more clarity and conviction than I saw in myself. I imagined for myself. She saw not just my present — but the horizon beyond it. Sometimes, leadership isn't about doing more. It's about choosing not to interrupt someone's journey. My Journey Toward Excellence By Prajakta Sawant What helped me rise wasn't opportunity or luck. It was a leader’s trust It wasn't criticism. It came from conviction. She didn't just advise me to and belief in me. study further — she mentored me through the decision, encouraging me to believe that I was capable of doing more than supporting the legal I began my career in the Company as a legal assistant — diligent, detail- team. She didn't see a legal assistant who performed well. She saw a oriented, and eager to learn. I handled files, drafted notes, managed lawyer in the making. documentation, and kept everything running smoothly behind the scenes. I was committed to my work. But somewhere within, I always wondered Balancing work and studies wasn't easy. There were long days, longer if I could accomplish more. nights, and many moments of doubt. But her faith in me provided me quiet strength. Responsibilities expanded, confidence deepened, and Then came the moment that changed my direction and my life. opportunities multiplied. I was working closely with Ms. Parveen Mahtani, and she observed Slowly, I was no longer assisting law. I was practising it. something in me that I hadn't fully recognised in myself — potential beyond my designation. Rather than letting me stay comfortable in my My rise has always been powered by hard work and resilience. But what existing role, she chose to challenge me. truly transformed my journey was someone else's unwavering belief in me — before I fully believed in myself. She asked me a simple question: "Why haven't you pursued your LL.B degree?" She didn't just mentor a legal assistant. She helped create a lawyer. CONTENTS CORPORATE OVERVIEW STATUTORY REPORTS 02 About the Report 172 AGM Notice 04 Message from Chairman 216 Board’s Report 06 Message from Managing Director and CEO 257 Management Discussion and Analysis 08 About Mahindra Lifespaces 269 Corporate Governance Report 16 Leadership and Governance 294 Business Responsibility and Sustainability Report 19 Risk Management 330 ESG Governance 25 Awards & Accolades 332 GRI Index 29 Strategy and Value Creation 335 Assurance Statements 34 Business Strategy 36 Sustainability Strategy FINANCIAL STATEMENTS 46 Stakeholder Engagement and Materiality Standalone 49 Double Materiality Assessment 355 Independent Auditor’s Report 52 Highlights and Interlinkage of [Showing first 8,000 characters — download PDF for full document]