Mahindra Lifespace Developers Incorporates Wholly Owned Subsidiary

Summary of Key Information:

Target Company: Mahindra Kandivali Developers Limited (MKDL)

Stock Exchange Listings:

NSE Scrip Code: MAHLIFE

BSE Scrip Code: 532313

Nature of Transaction / Event: Incorporation of wholly owned subsidiary

Date of Transaction: 29/06/2026

Number of Shares Affected: 10,000 equity shares

% of Total Shareholding / Voting Capital Affected: 100%

Mode of Transaction / Action: Cash subscription

Consideration: ₹1,00,000

Shareholding Snapshot:

After Transaction / Event:

Shares Held: 10,000

% of Total Capital: 100%

Other Noteworthy Information:

• MKDL has authorized share capital of ₹5,00,000 and paid-up share capital of ₹1,00,000
• The subsidiary will undertake development of projects as approved by its Board of Directors
• This constitutes a Related Party Transaction
• No promoter/promoter group/group companies have any interest in MKDL except for indirect equity shareholding through Mahindra & Mahindra Limited
• MKDL operates in Real Estate - Building and Construction industry
• Currently no governmental or regulatory approvals are required
• The company's objects are aligned with Mahindra Lifespace's construction business activities

Analyst Notes:

The disclosure is made under Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and references SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The intimation was digitally signed by Bijal Bharat Parmar, Company Secretary & Compliance Officer, on 2026.06.30 at 17:35:40.