Board of Mahindra Lifespace Developers allots equity shares

At meeting held on 17 October 2014

Mahindra Lifespace Developers announced that the Board of Directors of the Company at its meeting held on 17 October 2014 have issued and allotted 2,500 new fully paid-up Equity Shares of Rs. 10/- each to the Eligible Employees on the exercise of Options granted under Employee Stock Options Scheme 2006 (ESOS - 2006), at an exercise price of Rs. 325/- per share and have issued and allotted 7,700 new fully paid-up Equity Shares of Rs. 10/- each to the Eligible Employees on the exercise of Options granted under Employee Stock Options Scheme 2012 (ESOS - 2012), at an exercise price of Rs. 10/- per share.

Pursuant to this allotment, the issued equity capital of the Company has increased from Rs. 41,03,71,510 to Rs. 41,04,73,510 and subscribed & paid up equity capital of the Company has increased from Rs. 40,99,63,000 to Rs. 41,00,65,000.

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