Mahindra Lifespace Developers Limited — Important, 02-12-2025: Disclosure of material issue

**Issue:** Mahindra Lifespace Developers (MLDL) initially submitted an incomplete intimation regarding a material related party transaction, as a crucial attachment detailing the acquisition was inadvertently omitted.

**Company's Response:** MLDL promptly re-submitted the complete document, ensuring full transparency and adherence to disclosure requirements.

**The Strategic Move:** MLDL's Board has approved the acquisition of the remaining 25.65% stake in its subsidiary, Mahindra Homes Private Limited (MHPL), from Actis Mahi Holdings Singapore Private Limited.

* **Impact for Investors:** This cash acquisition, for a consideration not exceeding ₹90 Cr, will transform MHPL into a Wholly Owned Subsidiary (100% owned by MLDL). This move will consolidate MLDL's control over MHPL's residential projects, such as 'Windchimes' and 'Luminare', simplifying the ownership structure and streamlining future operational decisions.

* **MHPL's Performance:** MHPL reported nil turnover in FY24-25, ₹6.56 Cr in FY23-24, and ₹8.81 Cr in FY22-23.

* **Next Steps:** The acquisition is contingent on shareholder approval and is anticipated to be completed within three months from the signing of the Share Purchase Agreement.