Latest News

• Mahindra Lifespace Developers Limited (MAHLIFE) announces that Mahindra World City Developers Limited (MWCDL) and Mahindra Industrial Park Chennai Limited (MIPCL), both material subsidiaries of the company, executed a Sale Deed on May 28, 2025.
• The Sale Deed pertains to the transfer of 8.55 acres of land from MWCDL to MIPCL.
• This transfer is for the development of a project, as per the Supplemental Joint Venture Agreement (JVA) dated November 22, 2024.
• The company had previously intimated the stock exchanges about the JVA on December 31, 2024.

Mahindra Lifespace Developers Limited (MAHLIFE) has announced the publication of an advertisement concerning its Rights Issue. The key details are as follows:

• The Board of Directors, in meetings held on May 13, 2025, and May 19, 2025, approved the offer and issue of equity shares to eligible shareholders by way of a rights issue.
• The aggregate amount for this rights issue will not exceed ₹1496.28 crore.
• The issue is in accordance with the SEBI (Issue of Capital and Disclosure Requirement) Regulations, 2018, and other applicable laws.
• An advertisement regarding the Rights Issue was published on Wednesday, May 28, 2025, in compliance with Regulation 84(1) of the SEBI ICDR Regulations.
• The advertisement appeared in the following newspapers:
  • Financial Express (English) – a national daily newspaper.
  • Jansatta (Hindi) – a national daily newspaper.
  • Navshakti (Marathi) – a regional language daily newspaper.
• This intimation has also been uploaded on the Company’s website.

Mahindra Lifespace Developers Limited announced the publication of a newspaper advertisement regarding the transfer of equity shares to the Investor Education and Protection Fund (IEPF).

• The notice, published on 22 May 2025 in Business Standard (English) and Sakal (Marathi), is in compliance with Regulation 47 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Rule 6 of the Investor Education and Protection Fund Authority Rules, 2016.
• The announcement pertains to shares for which dividends have not been claimed for seven consecutive years or more, making them eligible for transfer to the IEPF demat account as per Section 124 of the Companies Act, 2013.
• A list of affected shareholders, specifically those whose dividends for the financial year 2017-18 and subsequent years remain unclaimed, is available on the company's website: www.mahindralifespaces.com under the 'Investor' section.
• Shareholders are urged to verify their details on the company's website.
• The company has individually contacted relevant shareholders to inform them about claiming their unclaimed dividends.
• Shareholders whose dividends are still unclaimed and whose shares are liable for transfer by 27 September 2025, are requested to claim their dividend by 15 September 2025.
• The due date for claiming the dividend for the financial year 2017-18 is 30 August 2025. Shareholders are requested to submit their applications by 18 August 2025.
• If no valid claim is received by the stipulated due date, the shares will be transferred to the IEPF without further notice.
• For physical shares, new share certificates will be issued in the name of IEPF, and the original certificates held by shareholders will be cancelled and deemed non-negotiable.
• For dematerialized shares, the company will facilitate the transfer to the IEPF demat account through depositories via corporate action.
• All future dividends on shares transferred to IEPF will also be transferred to the IEPF.
• Shareholders can reclaim their shares and/or unclaimed dividends from the IEPF by applying online using Webform IEPF-5 on the Ministry of Corporate Affairs (MCA) website: www.iepf.gov.in.
• Before filing Form IEPF-5, shareholders should contact the company's Registrar and Transfer Agent (RTA), KFin Technologies Limited, for necessary documentation and procedures. Contact details for KFin Technologies Limited are provided for assistance.
• The notice is also available on the websites of BSE (www.bseindia.com) and NSE (www.nseindia.com).
• The notice was issued by Snehal Patil, Interim Company Secretary & Compliance Officer, Mahindra Lifespace Developers Limited.

Mahindra Lifespace Developers Limited announced the outcome of its Board Meeting held on 19th May, 2025, where the terms for the previously approved Rights Issue were finalized.

Key terms approved are:

• Instrument: Fully paid-up Equity Shares of face value of ₹10 each.
• Total number of Equity Shares and Issue size: 5,82,20,901 fully paid-up Equity Shares for an aggregate amount not exceeding ₹1,496.28 Crore (assuming full subscription).
• Issue Price: ₹257 per fully paid-up Equity Share (including a premium of ₹247 per share). The entire Issue Price is payable at the time of application.
• Record date: Friday, 23rd May, 2025, to determine eligible shareholders for Rights Entitlement.
• Rights Entitlement ratio: 3 rights equity shares for every 8 fully paid-up equity shares held by eligible shareholders as on the Record date.
• Rights Issue Schedule:
  • Issue Opening Date: Monday, 2nd June, 2025
  • Closure of REs trading (Last date for on market renunciation): Thursday, 12th June, 2025
  • Last date for off market renunciation: Monday, 16th June, 2025
  • Issue Closing Date: Tuesday, 17th June, 2025 (subject to extension, but not exceeding 30 days from opening date).
• Outstanding Equity Shares:
  • Prior to the Rights Issue: 15,52,55,736 equity shares.
  • Post the Rights Issue: 21,34,76,637 equity shares ( Assuming full subscription).
• ISIN for credit of dematerialized Rights Entitlement: INE813A20018.

The Board also approved the Letter of Offer for the Issue. The meeting commenced at 12:30 p.m. IST and concluded at 2:05 p.m. IST.