Intimation regarding Grant of 1567591 Stock Option under Lupin Employees Stock Option Scheme 2025.

Lupin Ltd's Nomination and Remuneration Committee granted 1,567,591 stock options under its Employees Stock Option Scheme 2025. The options have an exercise price of ₹2.00 per share and will vest over three years in equal annual installments after the first year, subject to performance conditions. Grantees can exercise vested options within eight years from the effective grant date of July 1, 2026. This initiative is a standard practice for employee retention and motivation.