Mahindra Lifespace Developers Limited has successfully completed its postal ballot process, with all four proposed resolutions receiving approval from shareholders with requisite majority. The company announced the results on 23 March 2026, following the conclusion of the remote e-voting period on 22 March 2026 at 5:00 p.m. (IST), confirming regulatory compliance under SEBI Listing Regulations.

Postal Ballot Overview

The postal ballot process was conducted exclusively through remote e-voting, with the voting period commencing on 21 February 2026 at 9:00 A.M. (IST). The company had 1,23,363 total shareholders on the cut-off date of 13 February 2026, who were eligible to participate in the voting process.

Business Transfer Approval

The primary resolution approved the transfer of the 'Alembic Undertaking', a residential real estate development project in Bengaluru, to Mahindra Blossom Developers Limited (MBLDL), a wholly-owned subsidiary. The transfer is structured as a slump sale basis, involving all relevant assets and liabilities as a going concern.

Resolution Results and Voting Performance

All four resolutions presented in the postal ballot notice dated 20 February 2026 were approved with requisite majority. The first resolution regarding the transfer of business undertaking received the highest participation, with 81.50% of outstanding shares being polled and achieved 99.99% votes in favour.

Joint Venture Partnership Framework

The approved resolutions enable execution of Shareholders Agreement and Investment Agreement with Mitsui Fudosan (Asia) Pte. Ltd (MFA) for joint venture arrangement. Under this structure, the company will transfer 49% equity stake in MBLDL to MFA, while retaining 51% control.

Regulatory Compliance and Documentation

The postal ballot was conducted in compliance with Regulations 30 and 44 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company published advertisements in Business Standard (English) and Sakal (Marathi) newspapers on 21 February 2026, informing shareholders about the voting process. The scrutinizer's report confirmed that all electronic data and relevant records of remote e-voting have been handed over to the Company Secretary for safe keeping, with voting results disclosed on the company's website and NSDL's e-voting platform as required by regulations.

Mahindra Lifespace Developers Limited has officially announced the opening of a special window period for re-lodgement of transfer of physical shares through newspaper publications on March 19, 2026. The company informed both BSE Limited and National Stock Exchange of India Limited about these advertisements published in Business Standard (English) and Sakal (Marathi) newspapers, Mumbai editions.

Regulatory Communication Details

The formal communication was addressed to both major stock exchanges where the company's equity shares are listed:

SEBI Guidelines Implementation

The special window initiative follows SEBI's circular guidelines that allow shareholders to re-submit physical share transfer documents that were originally filed before March 31, 2023, but were subsequently rejected, returned, or remained pending due to procedural deficiencies or other reasons.

Eligibility Criteria

The special window operates under specific eligibility requirements:

Process Requirements and Exclusions

All shares re-submitted during this special window period will undergo both transfer and dematerialization processes. The transferred shares will be delivered only in dematerialized (demat) form, and the dematerialization process must be completed within one year of execution.

The following cases are excluded from this special window:

• Transfer matters with pending disputes
• Securities already transferred to Investor Education and Protection Fund (IEPF)

Contact Information for Shareholders

Shareholders requiring additional information or clarification can contact the company or its Registrar and Transfer Agent:

The communication was signed by Bijal Parmar, Company Secretary & Compliance Officer, and the information has also been uploaded on the company's official website at www.mahindralifespaces.com for shareholder reference.