ESOP/ESOS/ESPS

June 22, 2026 National Stock Exchange of India Limited BSE Limited Exchange Plaza, P. J. Towers, Dalal Street, Bandra Kurla Complex, Mumbai Samachar Marg, Bandra (East), Mumbai - 400 001 Mumbai - 400 051 Symbol: LUPIN Scrip Code: Equity – 500257 Subject: Disclosure pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing obligations and Disclosure Requirements) Regulations, 2015 Dear Sir/Madam, This is to inform you that the Nomination and Remuneration Committee (‘NRC’) of the Board of Directors of the Company, at its meeting held today, i.e., June 22, 2026, has granted stock options to the employees of the Company and its subsidiaries as under: Effective date No. of Stock Name of the Scheme of Grant Options Granted July 01, 2026 Lupin Employees Stock Option Scheme 2025 15,67,591 Upon vesting, each stock option shall entitle the Grantee to subscribe to one equity share of the Company at an exercise price of ₹ 2.00/- per option. The stock options shall vest over a period of three years, commencing after the completion of one year from the effective date of grant, i.e., July 01, 2026, and shall vest in equal annual instalments of one-third (1/3rd) each year, subject to achievement of the applicable performance conditions. The vested stock options can be exercised in one or more tranches within the Exercise period determined by the NRC which shall not exceed eight years from the effective date of grant. Kindly take the above on your records. Thanking you, For LUPIN LIMITED AMIT KUMAR GUPTA COMPANY SECRETARY AND COMPLIANCE OFFICER (ACS - 15754) LUPIN LIMITED Registered Office: 3rd Floor, Kalpataru Inspire, Off W. E. Highway, Santacruz (East), Mumbai - 400 055 India. Tel: (91-22) 6640 2323. Corporate Identity Number: L24100MH1983PLC029442 info@lupin.com | www.lupin.com