Mahindra Lifespace Developers Limited — Important, 26-12-2025: Disclosure of material issue

Mahindra Lifespace Developers (MAHLIFE) has received an ESG rating of '72' from SES ESG Research, a SEBI registered ESG Rating Provider, based on data from FY24-25.

**Issue:** An independent firm, SES ESG, has assigned an ESG rating to MAHLIFE without the company having engaged them for this service.

**Possible Impact:** A score of '72' is generally a strong ESG performance indicator. This unsolicited rating could positively influence investor perception, particularly among ESG-focused investors, by highlighting the company's sustainability efforts and disclosures, even though it wasn't commissioned.

**Company's Response:** MAHLIFE clarified that they did not engage SES ESG for this rating. The report was prepared independently by SES ESG using publicly available data pertaining to the company.