Mahindra Lifespace Developers and Sumitomo Corporation have enhanced their strategic partnership to grow Origins by Mahindra, their jointly developed industrial park in Chennai. The companies executed a Second Supplemental Agreement on July 22, 2026, to develop Phase 2B of the Chennai Industrial Park, expanding the existing industrial infrastructure in Tamil Nadu through their joint venture framework. This development marks a continued commitment to scaling the park's operational footprint in the region.

Agreement Structure

The agreement was executed between Sumitomo Corporation, Mahindra World City Developers Limited (MWCDL), and Mahindra Industrial Park Chennai Limited (MIPCL). MWCDL is a material subsidiary of Mahindra Lifespace Developers, while MIPCL is a step-down and material subsidiary. The partnership structure involves specific shareholding arrangements that define control and governance within the joint venture.

Governance and Terms

The Second Supplemental Agreement serves as an extension of the Joint Venture Agreement dated May 28, 2015, and the first Supplemental Agreement dated November 22, 2024. Under the terms, each joint venture partner retains the right to appoint directors in accordance with the original agreement. MWCDL holds the right to nominate the majority of Directors on the Board of MIPCL. The transaction is classified as a related party transaction conducted on an arm's length basis.

Project Background

The Chennai Industrial Park, branded as Origins by Mahindra, has progressed through multiple phases of development. The parties jointly developed Phase 1 and Phase 2A under previous agreements. The new Phase 2B expansion aims to further enhance the industrial capabilities of the park in the region.

Mahindra Lifespace Developers will host an earnings conference call on July 24, 2026, at 3:30 PM IST to discuss its financial results for the first quarter of FY27. The meeting is open to analysts and investors, providing an opportunity to review the company's performance for the period. The session will be conducted via video conferencing from Mumbai, allowing stakeholders to engage directly with the senior management.

Pursuant to Regulation 30(6) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company intimated the schedule to the exchanges. The disclosure confirms that no unpublished price sensitive information is proposed to be shared during the meeting. The event is titled "Q1 FY27 | EARNINGS UPDATE" and will feature a live webcast facility where participants can post questions to the management.

Attendance requires mandatory pre-registration through a specific web link. The webcast will be streamed via YouTube, and the company advised participants to ensure they have access to the platform within their organization or domain. If access is restricted, stakeholders can view the broadcast on an open network using a PC, tablet, or mobile device running on MacOS, iOS, Windows, or Android platforms.

Conference Call Details

The following table outlines the key details for the conference call:

The schedule and mode of the meeting are subject to change due to exigencies on the part of investors, analysts, or the company. The intimation has been uploaded to the company's official website under the investor center section. The filing was signed by Bijal Parmar, Company Secretary & Compliance Officer, on July 15, 2026.