MLDL Shareholders Approve Alembic Undertaking Slump Sale

• Mahindra Lifespace shareholders approved via Postal Ballot the slump sale of Alembic Undertaking (Bengaluru residential project) to subsidiary MBLDL, effective 22 March 2026.
• The transaction involves a JV with Mitsui Fudosan Asia (MFA), wherein MLDL transfers 49% of MBLDL stake to MFA, retaining 51% control post-transaction.
• MBLDL will undertake a rights issue of 23.03 crore equity shares (₹230.30 crore) subscribed by MLDL (51%) and MFA (49%) to fund the Bengaluru project.
• Slump sale consideration (net of assets and liabilities) is capped at not exceeding ₹100 crore; transaction is a related party deal conducted at arm's length.