Disclosure of material issue

23 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 Sub: Appointment of Cost Auditor - Intimation under Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”) Dear Sir / Madam, Pursuant to Regulation 30 read with Para A(7) 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. 23 July, 2026, based on the recommendation of Audit Committee inter-alia, considered and approved the appointment of CMA Vaibhav Prabhakar Joshi, Practicing Cost Accountant (Membership No. 15797 & Firm Registration No. 101329), as the Cost Auditor of the Company for the Financial Year 2026-27. Details with respect to above appointment as required under Regulation 30 read with Para A(7) 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 Appointment of Cost Auditor Sr. Details of Events that need to be Information of such events No. provided a) Reason for change viz. appointment, / The Board of Directors of the Company at its re-appointment, resignation, removal, Meeting held today viz. 23 July, 2026, based on death or otherwise the recommendation of Audit Committee inter- alia, considered and approved the appointment of CMA Vaibhav Prabhakar Joshi, Practicing Cost Accountant (Membership No. 15797 & Firm Registration No. 101329), as the Cost Auditor of the Company for the Financial Year 2026-27 b) Date of appointment/re-appointment/ Date of Appointment – 23 July, 2026 cessation (as applicable) & term of Appointment/ re-appointment; Term of appointment – For the Financial Year 2026-27 c) Brief profile (in case of Mr. Vaibhav Prabhakar Joshi, FCMA, MBA appointment); (Finance) and SAP Certified Solution Consultant (FICO), is a seasoned cost management and finance professional with over 32 years of experience in corporate finance, accounting, ERP implementation, business process management and strategic consulting. He has held senior leadership roles with Tata International Limited and other reputed organizations and is currently engaged in professional consulting and advisory assignments in the areas of cost audits, cost management, product costing, finance, ERP systems and business transformation. d) Disclosure of relationships between Not Applicable directors (in case of appointment of a director).