Mahindra Lifespace Developers Limited has announced a favorable legal outcome for its subsidiary, with a litigation case being dismissed in the company's favor by the Jaipur court.

Court Dismisses Case in Company's Favor

The litigation between Mr. Rajesh Sharma and Mahindra World City (Jaipur) Limited (MWCJL), a subsidiary of Mahindra Lifespace Developers, has been dismissed via order dated 30 March 2026. The case was heard at the Court of Additional District Judge, Jaipur, with the order being pronounced in open court on 30 March 2026 at 3.35 pm before advocates representing the company.

Regulatory Compliance and Disclosure

The company has fulfilled its disclosure obligations under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The litigation was initially reported to stock exchanges on 14 August 2023, demonstrating the company's commitment to transparent communication with stakeholders.

The dismissal represents a resolution of the legal proceedings that had been ongoing since the initial disclosure. The company has confirmed that all required details under SEBI listing regulations have been provided in accordance with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30 January 2026.

Impact on Operations

The favorable court ruling eliminates potential legal uncertainties for MWCJL and allows the subsidiary to continue its operations without the overhang of this particular litigation. The dismissal of the case represents a positive development for the Mahindra Lifespace Developers group.

The company has also uploaded this intimation on its official website at www.mahindralifespaces.com , ensuring comprehensive disclosure to all stakeholders. This legal victory adds to the company's track record of successfully defending its interests in various legal proceedings.

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.

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.

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.

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.