Mahindra Lifespace Appoints Vimal Agarwal Internal Auditor

Target Company: Mahindra Lifespace Developers Limited

Stock Exchange Listings:

NSE Scrip Code: MAHLIFE

BSE Scrip Code: 532313

Nature of Transaction / Event: Change in Internal Auditor

Date of Transaction: 23/07/2026

Details of Change:

Cessation:

M/s. Mahajan & Aibara LLP ceased as Internal Auditor of the Company effective July 23, 2026
Reason: Resignation due to proposed transition of role of Internal Auditor within the Mahindra Group
Resignation intimation received on July 22, 2026 at 4:40 pm

Appointment:

Mr. Vimal Agarwal appointed as Internal Auditor of the Company effective July 23, 2026
Appointment approved by Board of Directors based on Audit Committee recommendation
Mr. Vimal Agarwal is not related to any Director of the Company

Professional Profile of New Internal Auditor:

Mr. Vimal Agarwal is a Chartered Accountant and MBA
25 years of experience in finance, governance, and business strategy across multinational corporations and listed Indian entities
Previously served as Chief Financial Officer (CFO) of Mahindra Lifespaces
Former CFO of Mahindra Holidays & Resorts
Currently serves as Group Chief Internal Auditor of Mahindra & Mahindra Limited
Recognized for strengthening governance frameworks, enhancing internal controls, and enabling Boards and leadership teams in shaping and executing growth strategies

Board Meeting Details:

Regulatory Compliance:

Intimation made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Specifically under Para A (7) and (7A) of Part A of Schedule III
Reference to SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026

Additional Information:

Disclosure uploaded on company website: https://www.mahindralifespaces.com/investor-center/shareholder-and-services/materialdisclosure-intimation/
Signed by Bijal Bharat Parmar, Company Secretary & Compliance Officer
Company CIN: L45200MH1999PLC118949