Detailed Disclosure attached herewith

July 23, 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 Dear Sir / Madam, Sub: Change in Internal Auditor of the Company - Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”) Pursuant to Regulation 30 read with Para A (7) and (7A) of Part A of Schedule III and other applicable provisions of the Listing Regulations, we hereby inform you that the Board of Directors of the Company at its Meeting held today viz. July 23, 2026 based on the recommendation of Audit Committee inter-alia, have considered and approved the following changes: 1. Cessation of M/s. Mahajan & Aibara LLP as Internal Auditor of the Company effective from July 23, 2026. 2. Appointment of Mr. Vimal Agarwal, as the Internal Auditor of the Company with effect from July 23, 2026 Details with respect to the above changes as required under Regulation 30 read with Para A (7) and (7A) of Part A of Schedule III of the Listing Regulations read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 are provided in Annexure A to this letter. The Meeting of the Board of Directors of the Company commenced at 11:30 am (IST) and concluded at 2:20 pm (IST). This intimation is also being uploaded on Company’s website and can be accessed at https://www.mahindralifespaces.com/investor-center/shareholder-and-services/material- disclosure-intimation/ Kindly take the above on record and acknowledge receipt of the same. Thanking you, Yours faithfully, For Mahindra Lifespace Developers Limited Bijal Parmar Company Secretary & Compliance Officer Encl: As above Annexure A Change of Internal Auditor Sr. Details of Events Cessation of M/s. Mahajan & Appointment of Mr. Vimal No. that need to be Aibara, Chartered Agarwal, Group Chief Accountants LLP as the provided Internal Auditor as the Internal Auditor of the Internal Auditor of the Company Company a) Reason for change M/s. Mahajan & Aibara LLP has The Board of Directors at its viz. appointment, / re- tendered its resignation as the meeting held today viz. appointment, Internal Auditor of the Thursday, July 23, 2026, based resignation, removal, Company due to proposed on the recommendation of death or otherwise transition of role of Internal Audit Committee, inter-alia, Auditor within the Mahindra considered and approved the Group. The intimation was appointment of Mr. Vimal received on 22 July 2026 at Agarwal, as Internal Auditor of 4.40 pm. the Company. b) Date of Date of cessation –July 23, Date of appointment: July 23, appointment/re- 2026 2026. appointment/ cessation (as applicable) & term of Appointment/ re- appointment; c) Brief profile (in case of Not Applicable Mr. Vimal Agarwal is a appointment); Chartered Accountant and MBA with 25 years of experience in finance, governance, and business strategy across multinational corporations and listed Indian entities. He is recognized for strengthening governance frameworks, enhancing internal controls, and enabling Boards and leadership teams in shaping and executing growth strategies. During his tenure at PepsiCo India, Vimal advanced through multiple leadership roles, driving financial operations, planning & analytics, and supply chain finance while embedding strong internal controls and governance practices. After joining Mahindra Lifespaces as Chief Financial Officer (“CFO”), he had partnered with business leaders to scale sales, increase market capitalization while leading fundraising, digitalization, and private equity joint ventures. As CFO of Mahindra Holidays & Resorts, over the last 2 years, he has enabled a comprehensive growth strategy and leveraged his expertise in financial planning, investor relations, and performance optimization. Mr. Vimal Agarwal is currently the Group Chief Internal Auditor of Mahindra & Mahindra Limited, holding company of the Company d) Disclosure of Not Applicable Not Applicable relationships between directors (in case of Mr. Vimal Agarwal is not appointment of a related to any Director of the director). Company