Mahindra Lifespace Developers Limited has announced the receipt of credit ratings from CRISIL Ratings Limited for its proposed financial instruments. The company disclosed this information in compliance with Regulation 30(6) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Credit Rating Details

CRISIL Ratings Limited has assigned ratings to two key financial instruments proposed by the company. The ratings reflect the credit quality and financial strength of the real estate developer.

The CRISIL AA/Stable rating indicates high credit quality with very low credit risk, while the stable outlook suggests that the rating is unlikely to change in the near term. The CRISIL A1+ rating for commercial paper represents the highest credit quality for short-term debt instruments.

Regulatory Compliance

The credit rating communication was received by Mahindra Lifespace Developers on February 18, 2026, at 9:07 pm. The company promptly disclosed this information to the stock exchanges as required under SEBI Listing Regulations.

The intimation was filed under Regulation 30(6) read with Schedule III and other applicable provisions of the SEBI Listing Regulations. This regulation mandates listed companies to disclose material information that could impact investor decisions.

Corporate Information

Mahindra Lifespace Developers Limited is listed on both BSE Limited (scrip code: 532313) and National Stock Exchange of India Limited (symbol: MAHLIFE). The company's equity shares carry the ISIN INE813A01018.

The disclosure was signed by Bijal Parmar, Company Secretary & Compliance Officer, and has been uploaded on the company's website for public access. The company maintains its investor relations through dedicated channels and continues to ensure transparent communication with stakeholders.

Mahindra Lifespace Developers Limited has announced that its Board of Directors, at a meeting held on February 9, 2026, has approved the transfer of the Alembic Undertaking to its subsidiary and formalized the joint venture arrangement with Mitsui Fudosan (Asia) Pte. Limited for the development of Mahindra Blossom, a premium residential project in Whitefield, Bengaluru.

Board Resolutions and Corporate Restructuring

The Board, based on recommendations from the Audit Committee and subject to shareholder approval, has approved several key resolutions for the strategic partnership. The company will transfer the Alembic Undertaking, including all relevant assets and liabilities, as a going concern on a slump sale basis to Mahindra Blossom Developers Limited (MBLDSL), its wholly-owned subsidiary.

Joint Venture Structure and Shareholding

Under the approved arrangement, Mitsui Fudosan (Asia) Pte. Limited will acquire a 49% equity stake in MBLDSL, while Mahindra Lifespaces will retain 51% control. The partnership involves execution of Shareholders Agreement, Investment Agreement, and other related documents to govern the joint venture arrangement.

Project Overview and Development Framework

Mahindra Blossom is positioned as Bengaluru's fourth net zero waste residential development, comprising approximately 730 homes strategically located near Hopefarm Channasandra Metro Station on the Namma Metro Purple Line. The project will feature comprehensive lifestyle amenities including a half-Olympic size swimming pool, gym, badminton courts, jogging tracks, pet park, and curated community spaces spanning 97,000 sq. ft. of amenities area with nearly 4 acres of green spaces.

Regulatory Compliance and Approvals

The transaction is subject to necessary regulatory approvals and satisfaction of customary conditions precedent. The company has intimated BSE Limited and National Stock Exchange of India Limited under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The transfer requires shareholder approval under various regulations including Regulation 37A and Regulation 23 of SEBI Listing Regulations.

The strategic partnership marks Mitsui Fudosan Group's entry into India's residential sector, leveraging their global benchmarks in design, sustainability, and customer experience. The project incorporates climate-responsive design principles, energy-efficient planning, and construction practices focused on on-site waste segregation and recycling, aligning with Mahindra Lifespaces' commitment to developing environmentally responsible residential communities.