Mahindra Lifespace Developers Limited — Important, 05-11-2025: Disclosure of material issue

Mahindra Lifespace (#MAHLIFE) shareholders have approved the full acquisition of its subsidiary, Mahindra Homes Private Limited (MHPL), from Actis Mahi Holdings Singapore Private Limited (AMHSPL). This move will make MHPL a Wholly Owned Subsidiary of Mahindra Lifespace.

**The Issue:** The company is acquiring the remaining 25.65% stake in MHPL, which was previously a joint venture. While a related party transaction, an independent valuation was obtained to ensure it was at arm's length.

**Possible Impact:** Full ownership of MHPL, a real estate company developing residential projects, will consolidate its operations and future project benefits directly under Mahindra Lifespace. MHPL's authorized capital is ₹2 Cr and paid-up capital is ₹0.84 Cr. Its turnover was ₹8.81 Cr in FY22-23, ₹6.56 Cr in FY23-24, and Nil in FY24-25. The acquisition aims to streamline decision-making and project execution for its current project, 'Luminare – Phase 3' in Gurgaon, and future ventures.

**Company’s Response/Mitigation Plan:** The acquisition involves a cash consideration not exceeding ₹86.40 Cr. Shareholders have given their approval via postal ballot. The transaction is estimated to be completed within three months. This strategic consolidation strengthens Mahindra Lifespace's real estate development capabilities. #RealEstate #CorpAction