Mahindra Lifespace Developers Limited — Important, 30-06-2026: Disclosure of material issue

Mahindra Lifespace Developers has incorporated a new Wholly Owned Subsidiary (WOS), Mahindra Kandivali Developers Limited (MKDL), on June 29, 2026.

**Issue:** Company is expanding its operational structure.

**Possible Impact:** MKDL will operate in the Real Estate – Building and Construction sector, undertaking new project developments as approved by its board. This move aligns with Mahindra Lifespace's core business, potentially enhancing its development capacity and project pipeline.

**Company's Response:** Mahindra Lifespace subscribed to 100% of MKDL's equity shares for a cash consideration of ₹0.01 Cr, making it a fully owned subsidiary. This direct investment enables the company to strategically pursue new development opportunities through the newly formed entity.