Mahindra Lifespace Developers Schedules Board Meeting for April 28, 2026 to Consider Q4FY26 Results

Mahindra Lifespace Developers Limited has announced that its Board of Directors will convene on April 28, 2026, to deliberate on crucial financial matters for the fourth quarter and financial year ended March 31, 2026. The meeting notification, issued on March 27, 2026, complies with Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Board Meeting Agenda

The board meeting will address several key items that are critical for the company's financial disclosure and corporate governance requirements. The comprehensive agenda reflects the company's commitment to transparent financial reporting and shareholder value creation.

Agenda Item	Details
Standalone Financial Results	Consider and approve annual audited standalone financial statements for Q4 and FY ended March 31, 2026
Consolidated Financial Results	Consider and approve annual audited consolidated financial statements for Q4 and FY ended March 31, 2026
Dividend Recommendation	Consider recommendation of final dividend on equity shares for FY ended March 31, 2026
AGM Matters	Consider matters relating to the ensuing Annual General Meeting

Trading Window Closure

In adherence to the company's Code for Prohibition of Insider Trading, Mahindra Lifespace Developers has implemented a trading window closure for all designated persons and insiders. This regulatory measure ensures compliance with insider trading norms during the period of financial result consideration.

Parameter	Details
Closure Period	April 1, 2026 to April 30, 2026 (both days inclusive)
Applicable To	All insiders and designated persons
Purpose	Consideration of Q4FY26 and annual financial results

Corporate Compliance and Communication

The company has fulfilled all regulatory requirements by notifying both major stock exchanges about the scheduled board meeting. The intimation has been properly communicated to BSE Limited and National Stock Exchange of India Limited, ensuring full transparency with market participants.

Exchange	Address
BSE Limited	Corporate Services, Piroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400 001
NSE	Exchange Plaza, Bandra Kurla Complex, Bandra (East), Mumbai 400051

The meeting notification and related documents have been made available on the company's official website under the investor relations section, providing stakeholders with easy access to important corporate announcements and maintaining the highest standards of corporate governance. The company has also digitally signed the notification through Company Secretary & Compliance Officer Bijal Parmar, ensuring document authenticity and regulatory compliance.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.28%	-5.29%	-10.67%	-11.53%	+15.00%	+86.19%

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.

Parameter:	Details
Cut-off Date:	13 February 2026
Total Shareholders:	1,23,363
Voting Period:	21 February 2026 to 22 March 2026
Scrutinizer:	Mr. Martinho Ferrao (ICSI Membership No. F6221)
Results Declaration:	23 March 2026 at 2:41 PM

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.

Transaction Details:	Information
Project Name:	Alembic Undertaking (Bengaluru)
Transfer Type:	Slump sale basis
Consideration Value:	Not exceeding ₹100 crores
Completion Timeline:	Before 31 March 2026
Subsidiary Details:	MBLDL (100% owned subsidiary)

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.

Resolution:	Type	Votes in Favour	Votes Against	Approval Rate (%)
Business Transfer to MBLDL:	Special	173,837,179	4,875	99.99
Material RPT with MBLDL:	Ordinary	61,986,445	3,305	99.99
RPT with Mitsui Fudosan:	Ordinary	61,986,506	4,744	99.99
Modified RPT with M&M Limited:	Ordinary	61,986,500	4,734	99.99

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.

Partnership Structure:	Details
Company's Stake:	51%
MFA's Stake:	49%
Rights Issue Value:	₹230.30 crores
Board Composition:	Company (3 directors), MFA (2 directors)
Project Focus:	Mahindra Blossom development

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.