Disclosure of material issue

30 June 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: Intimation under Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”) Ref: Intimation dated 25 June 2026 Dear Sirs/Madam, We refer to our letter dated 25 June 2026, informing that the Committee for Investment/Land Appraisal at its meeting held on 25 June 2026 had approved incorporation of the two subsidiaries of the Company, as public limited company(ies) under such name(s) as may be applied by the Company and made available by the Registrar of Companies for the respective company(ies) proposed to be incorporated. In this regard, we would like to update you that a subsidiary by the name Mahindra Kandivali Developers Limited (“MKDL”) has been incorporated in Mumbai, Maharashtra on 29 June 2026, as a Wholly Owned Subsidiary of the Company. The Company has at 10:35 a.m. today, received Certificate of Incorporation of MKDL. The details as required under Listing Regulations read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 are enclosed as Annexure A and Annexure B to this letter. This intimation is also available on the website of the Company at https://www.mahindralifespaces.com/investor-center/?category=material-disclosure-intimation For Mahindra Lifespace Developers Limited Bijal Parmar Company Secretary & Compliance Officer Enclosure.: Annexure A and Annexure B Annexure A Acquisition (including agreement to acquire): Sr. Particulars Information of such events a) Name of the target entity, details in brief Mahindra Kandivali Developers Limited (“MKDL”) such as size, turnover etc.; Currently, MKDL has Authorised Share Capital of Rs. 5,00,000/- and paid-up share capital of Rs. 1,00,000/- Size/Turnover: Not applicable (newly incorporated on 29 June, 2026). b) Whether the acquisition would fall within Yes, the transaction is a Related Party related party transaction(s) and whether Transaction. MKDL has been incorporated as a the promoter/ promoter group/ group wholly owned subsidiary of Mahindra Lifespace companies have any interest in the entity Developers Limited (“the Company”) being acquired? If yes, nature of interest and details thereof and whether the same None of the Promoter / Promoter group / Group is done at “arm’s length”; companies of the Company have any interest in MKDL except to the extent of indirect equity shareholding held in MKDL by Mahindra & Mahindra Limited, Holding and Promoter of the Company. c) Industry to which the entity being acquired Real Estate – Building and Construction belongs; d) Objects and impact of acquisition MKDL shall be undertaking development of a (including but not limited to, disclosure of project as may be approved by the Board of reasons for acquisition of target entity, if Directors of MKDL. its business is outside the main line of business of the listed entity); e) Brief details of any governmental or Presently, no such approvals are required. regulatory approvals required for the Requisite approvals, if any, required to be obtained acquisition; from time to time, shall be obtained as may be applicable. f) Indicative time period for completion of MKDL has been incorporated on 29 June, 2026. the acquisition; g) Consideration - whether cash Cash consideration consideration or share swap or any other form and details of the same; h) Cost of acquisition and/or the price at Rs. 1,00,000/- which the shares are acquired; The Company [including through its nominee(s)] is a subscriber to 10,000 equity shares of MKDL having face value of Rs. 10 each aggregating to Rs. 1,00,000 (being 100% of the equity share capital of MKDL). i) Percentage of shareholding / control 100% of the equity share capital of MKDL has been acquired and / or number of shares subscribed by the Company [including through its acquired; nominee(s)]. j) Brief background about the entity MKDL has been incorporated on 29 June, 2026 as acquired in terms of products/line of a wholly owned subsidiary of the Company. MKDL business acquired, date of incorporation, is engaged in the business of building and history of last 3 years turnover, country in construction in India and currently has a nil which the acquired entity has presence turnover. and any other significant information (in brief); Annexure B Acquisition of ‘to be incorporated’ companies Sr. Particulars Information of such events i) Name of the entity, date & country of Mahindra Kandivali Developers Limited (“MKDL”) incorporation, etc.; has been incorporated on 29 June, 2026 in India. ii) Name of holding company of the The Company [including through its nominee(s)] is incorporated company and relation with a subscriber to 10,000 equity shares having face the listed entity; value of Rs. 10 each aggregating to Rs. 1,00,000 of MKDL resulting, it becoming a wholly owned subsidiary of the Company. None of the Promoter / Promoter group / Group companies of the Company have any interest in MKDL except to the extent of indirect equity shareholding held in MKDL by Mahindra & Mahindra Limited, holding and promoter of the Company. iii) Industry to which the entity being Real Estate - Building and Construction incorporated belongs; iv) Brief background about the entity The objects of MKDL is aligned with that of the incorporated in terms of products / line of Company for construction business activity. business; v) Brief details of any governmental or Presently, no such approvals are required. regulatory approvals required for the Requisite approvals, if any, required to be obtained acquisition; from time to time, shall be obtained as may be applicable. vi) Nature of consideration - whether cash Cash Consideration consideration or share swap and details of the same; vii) Cost of subscription / price at which the Rs. 1,00,000/- shares are subscribed; The Company [including through its nominee(s)] is a subscriber to 10,000 equity shares of MKDL having face value of Rs. 10 each aggregating to Rs. 1,00,000 (being 100% of the share capital of MKDL). viii) Percentage of shareholding / control by 100% of the equity share capital of MKDL has been the listed entity and / or number of shares subscribed by the Company [including through its allotted. nominee(s)]