Interim report
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22 October 2026 BSE Limited Corporate Services, Piroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400 001 National Stock Exchange of India Limited Exchange Plaza, Bandra Kurla Complex, Bandra (East), Mumbai 400051 Re: Security BSE NSE ISIN Equity Shares 532313 MAHLIFE INE813A01018 Sub: Ref: Outcome of the Board Meeting held on 22 October 2026 – Unaudited Standalone and Consolidated Financial Results of the Company for the second quarter and half year ended 30 September 2026 – Regulation 30 and 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”) Intimation of Board Meeting vide letter dated 29 September 2026 Dear Sir / Madam, Pursuant to the applicable provisions of the Listing Regulations, the Board of Directors of Mahindra Lifespace Developers Limited (“the Company”), at its meeting held today viz. Thursday, 22 October 2026, commenced at 11.48 a.m. and concluded at 01:50 p.m., inter alia, considered and approved Unaudited Standalone and Consolidated Financial Results for the second quarter and half year ended on 30 September 2026, subjected to Limited Review of the Statutory Auditors of the Company. Accordingly, we are enclosing the following: a) A copy of Unaudited Standalone and Consolidated Financial Results for the second quarter and half year ended on 30 September 2026; b) Unmodified Limited Review Report on the Unaudited Standalone and Consolidated Financial Results of the Company for the second quarter and half year ended on 30 September 2026, issued by the Company’s Statutory Auditors, M/s. Deloitte Haskins & Sells LLP; c) Extract of the newspaper publication of the Unaudited Consolidated Financial Results for the second quarter and half year ended 30 September 2026 in prescribed format to be published in print and electronic versions of the newspapers.
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The results will be available on the website of Stock Exchange(s) on the links www.nseindia.com and www.bseindia.com and on the website of the Company at link https://www.mahindralifespaces.com/investor-center/financial-reporting/quarterly-results/ You are requested to kindly take the above information on record. Thanking you, Yours faithfully, For Mahindra Lifespace Developers Limited Bijal Parmar Company Secretary & Compliance Officer Encl: As above
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DI —charteredAccountants e01eCommerzii,30th&31stfloors InternationalBusinessPark Haskins&SellsLLPQifWesternExssHighway Goregaon(East) Mumbai-400063 INDEPENDENTAUDITOR’SREVIEWREPORTONREVIEWOF Maharashtra,India INTERIMSTANDALONEFINANCIALRESULTS TOTHEBOARDOFDIRECTORSOF MAHINDRALIFESPACEDEVELOPERSLIMITED 1.WehavereviewedtheaccompanyingStatementofStandaloneUnauditedFinancial ResultsofMAHINDRALIFESPACEDEVELOPERSLIMITED(“theCompany”),forthe quarterandhalfyearendedSeptember30,2026(“theStatement”),beingsubmitted bytheCompanypursuanttotherequirementofRegulation33oftheSEBI(Listing ObligationsandDisclosureRequirements)Regulations,2015,asamended(“theListing Regulations”). 2.ThisStatement,whichistheresponsibilityoftheCompany’sManagementand approvedbytheCompany’sBoardofDirectors,hasbeenpreparedinaccordancewith therecognitionandmeasurementprincipleslaiddownintheIndianAccounting Standard34“InterimFinancialReporting”(“mdAS34”),prescribedunderSection133 oftheCompaniesAct,2013readwithrelevantrulesissuedthereunderandother accountingprinciplesgenerallyacceptedinIndiaandincompliancewithRegulation33 oftheListingRegulations.Ourresponsibilityistoexpressaconclusiononthe Statementbasedonourreview. 3.WeconductedourreviewoftheStatementinaccordancewiththeStandardonReview Engagements(SRE)2410‘ReviewofInterimFinancialInformationPerformedbythe IndependentAuditoroftheEntity’,issuedbytheInstituteofCharteredAccountantsof India(ICAI).Areviewofinterimfinancialinformationconsistsofmakinginquiries, primarilyoftheCompany’spersonnelresponsibleforfinancialandaccountingmatters, andapplyinganalyticalandotherreviewprocedures.Areviewissubstantiallylessin scopethananauditconductedinaccordancewithStandardsonAuditingspecified undersection143(10)oftheCompaniesAct,2013andconsequentlydoesnotenable ustoobtainassurancethatwewouldbecomeawareofallsignificantmattersthatmight beidentifiedinanaudit.Accordingly,wedonotexpressanauditopinion. 4.Basedonourreviewconductedasstatedinparagraph3above,nothinghascometo ourattentionthatcausesustobelievethattheaccompanyingStatement,preparedin accordancewiththerecognitionandmeasurementprincipleslaiddownintheaforesaid IndianAccountingStandardandotheraccountingprinciplesgenerallyacceptedinIndia, hasnotdisclosedtheinformationrequiredtobedisclosedintermsofRegulation33of theSEBI(ListingObligationsandDisclosureRequirements)Regulations,2015,as amended,includingthemannerinwhichitistobedisclosed,orthatitcontainsany materialmisstatement. ForDELOITTEHASKINS&SELLSLLP CharteredAccountants Firm’sRegistrationNo.117366W/W-100018 NileshShah Partner MembershipNo.049660 UDIN:2.6049GOrjv0Mc9lot Place:Mumbai Date:October22,2026 Regd.Office:OneInternationalCenter,Tower3,31stfloor,SenapatiBapatMarg,ElphinstoneRoad(West),Mumbai-400013,Maharashtra,India. DeloitteHaskins&SellsLLPisregisteredwithLimitedLiabilityhavingLLPidentificationNo:MB-8737
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MahindraLifespaceDevelopersLimited CIN-L45200MHI999PLC118949 Tel.:022-67478800Website:v.mahindrallfespaces.com Regislere-sOfficeMehindreTowers.4thFlee,.Work,Mumbai-400i8 Statementofstandaloneunauditodfinancialresultsforthequarterandhalfyearended30thSeptember,2026 (Rs.inIakhs) QuarterEndedHalfYearEndedYearEnded PartIculars30.09.202530.06.202630.09.202530.09.202630.09.202531.03.2026 UnauditedUnaudltedUnauditedUnauditedUnaudltedAudIted 1Rever,jefromoperaLonsI573I33,1241.19734.6973.75066,032 2OWe,inca-ne(referqote5.7and8)231406.5724.51029,7127,80931.734 3TotalIncome11+2)2471339,6965.70764,40911.5591,17,766 4Expenses: a)Costofsales -Constructionexpensesincurred79.71525,76421.2031.05.47938.13795,700 -ChangesIninventoriesofwork-in-progressandfinishedgoods(78,502)(4,371)119.716)(82,973)(33,920)(16.2531 -Operatingexpenses(078421794882.823 b)Employeebenefitsexpense2,9783,1042,8186,0825,41211.870 cjFinancecosts5051873846921.6762.098 d)Depreciationandamorlisationexpense3814686468491.2502,364 e)Otherexpenses3,2492.4642.2505.7135,10512,003 Totalexpenses8,23628,4007,60436,63617,7481,08,605 5Profit/(loss)beforeexceptionalItemsandtax(3-4)16,47711,296(1,897127,773(6,189)9161 6ExceptionalItems(refernote6)‘.---(360) 7ProfItI(toss)beforetax(5+6)16,47711,296(1.897)27,773(6,189)6,801 8Taxexpense/(credtx(: a)Currenttax1,616596(.4742.2t21,4822.232 hiCalerredtar2,1181.887l92O3,8051838)(641) 9ProfitI(loss)aftertax(7.8112,7439,013(2,451)21,756(5.833)7.210 10OthercompresensivenccmeI(toss) Itemsthatwillnotbereclassifiedtoprofitorss -Rerreasurernentsofthedefinedbenefitliabilities(retoftaxes(-----176) 11TotalComprehensiveIncomeI(loss)(9t10(12,7439.013(2.451)21756(5,833)7,134 12Pail-ipeqLitysharecapital(Faceva:ueo’Rs10!-each()referrMte3)21,337V.33421.32821.33721.3282t.334 13OthereqLityasatbalancesheetdate2.84.756 14Earningspereo’Jyshare(FacecakeofRs10g.ea:b(Rs alBasic591422(1.26)1020(3,01)354 hiDiluted506422(126)10.18(3.01)353 BasicandDilutedEPSforallperiods.exceotyearended31.03.2026arenotannualised
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ijnauditedStandaloneBalancesheetasat30thSeptember.2026(Ra.InIakhs) ASSETS Noncurrentassets Property,plantandequipment Rightofuseassets Capitalwork-in-progress Otherintangibleassets Financialassets -Invesimenls -Loans -Otherfinancialassets Deferredtaxassets(net) !noometaxassetsret) Totalnoncurrentassets Currentassets Inventories Etnanoalassets -Investments -Tradereceivabes -Cashandcashequivalents -Bankbalancesotherhancashandcashequivalents -Othert’inanoalassets Othercurrentassets Totalcurrentassets totalassets(1+2) EQUITYANDLIABILITIES Equity Equitysharecapital Otherequity Totalequity Liabilities Non-currentliabilities Financialliabilities •Leaseliabilities Provisions Totalnon-currentliabilities Currentliabilities Financialliabilities -Borrowings -Leaseliabilities -Tradepayables (a)Totaloutstandingduesofmicroandsmallenterprises IbiTotalitstandingduesofct-editorsotherThanmicroandyr.alenterprises -Otherfinanoailiabilities Othercu’renibabitties Provisions Totalcurrentliabilities Asat 3009.2026 Asat 31.03,2026 LjnaudltedAudited 83T954 1.2451.612 1,485299 7790 93,4811,00.129 1.18.5551.04.230 7.3815,175 4.7338,538 5.0779,591 2.32,8712,31,218 4.346253.50.008 3,5237,510 19.8076.430 3.9623.655 25.38928,578 7,4063.501 29.93349,220 5,24,6454,60,902 7,57,5166,92,120 21.33721,334 2,99,5772.84.756 3,20,9143,06,090 613597 1,4231,489 2,0362,086 62.51862,500 6991,107 2,7481.919 2364235.941 432697.901 2,94.2812.73.378 1.4091,198 4,34,5663,83,944 Totalequityandliabilities(1+2+3)7.57.5166.92.120
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StatementofCashFlows (Rs.inlakhs) A.Cashflowstramoperatingactivities Profitbeloreexceptionalitemsandtax Adiusimentsfor: Financecosts Interestincome Dividendincome Lossondisposalofproperty,plant&equipment(nel) Profitonsaleofnoncurrentinvestments Depreciationandamorlisationexpenses tmpairmentprovisiononnoncurrentinvestmentsandintercorporatedeposit ProvisionforinventoryINRV) Profitonsateofcurrentinvestments Netgainarisingoncurrentinvestmentmeasuredatfairvaluethroughprofitandtoss Net(gainiItossarisingonfinancialassetsmeasuredatfairvaluethroughprofitandloss Expenserecognisedinrespectofequitysettledstrafebasedsayments Operatinglossbeforeworkingcapitalchanges Changesin- Decrease(ir.creasetntradeaidotherreceivables Increaseininventories Increaseirtradepayabtesandother‘iabitities Cash(usedin)Igeneratedrromoperations Incomeayesoaidnetofrefunds&interestthereon) Netcashusedinoperatingactivities B.CashflowsfromInvestingactivities Bankdepositsnet) Netchangesinearmarkedbalancesandmarginaccountswithbanks Interestreceived Dividendreceivedfromsubsidiariesandjointventures Inter-corporatedepositsgiventosubsidiariesandjointventures Inter-corporatedepositsrefundedtromsubsidiariesandjointventures Paymenttoacquireproperty,plantandequipmentandotherintangibleassets Proceedsfromdisposalorproperly,plantandequipmentandotherintangibleassets (Paymenttoacquire)Iproceedsfron’currentinvestments(net) Investmentinsubsidiaries.otventuresaridassociates Proceedsfromsaleofnoncurrentinvestmentsijointventuresandsubsidiary NetcashgeneratedfromI(usedmlinvestingactIvitIes C.Cashflowsfromfinancingactivities Proceedsfromissue0’!equisysharesoftheCompany(‘n&dingshareapo’:cai:onmoney)metof silareissueexpense) Prcceedsfromborrowings Repaymentolborrovngs Dividendpaid Interestpaid Paymentolleaseliabilities Netcash(usedIn)?generatedfromfinancIngactivitIes NetincreaseI(decrease)incashandcashequivalents CashandCashEquivalentsatthebeginningoftheperiod CashandCashEquivalentsattheendoftheperiod HalfYearEnded Particulars30.09,202630.09.2025 LjnaudltedtJnaudited 27.773 692 164141 (20,915) (156) 849 605 (308) IOU 531 (6,169) 1.676 (5,046) (2,617) 18 1.250 363 (95) (38) (8) 243 2,758(10,423) 16.159(3.246) (82.290)(31.927) 50,39345.988 (12,980)392 2554(1.1451 (10,426)(753) 4.522(20.540) (1.333)(21) 2.3523.138 20.9152.617 120.5001(10,112) 5.575- (1.373)(566) 210 4295(3.555) l353it19729) 7’0212,025 (36733 61.48,53’ 1.37,59778149 11,37.580)ti.91.lao (7.446)(5.964) (2.431)(4.058) (617)558) (10,471)24,913 307112,573) 3.65523.372 3,96210,799 TheaboveCashFlowStatementhasbeenpreparedunderthe“indirectmethod”assetoutIn‘IndianAccountingSlandard(mdAS)7- SlatemenscCashFlows’.
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Notes: ITheaboveresultshavebeenreviewedandrecommendedbytheAuditCommitteeandapprovedbytheBoardofDirectorsattheirrespectivemeetingshetdon22ndOctober. 2026.Theunauditedstaxidatonefinancialresultsforthequarterandhalfyearended30thSeptember.2026havebeensubjectedtolimitedreviewbythestatutoryauditors 2ThestandaleneInanciatresutsoftheCompanyraveDeanpreparedinaccordancewithherecogrlionandmeasurementnr;nciptesaiddowninthetndianAccounting Standards34tnterimSnancIaiRepoingrindASAtasp-escibedunderSection133ofireCompaniesAct.2013reacwithe’etevantrulesissuedthereunderandthe otheraccountingprriciptesgeneralyacceptedinindra 3Pursuanttoexerciseofstockoptonsbyehg;bteempayeesunderESOS.31.0shareswerealoredforthequarterwidhalfyearended30thSeptember.2026 4TheChiefOperatingDedsionMakermonitosandreviewstheperformanceoftheoperatingsegmentieconslruc:ionanddeveborne.ntofrestestateprojectsasasingle operalngsegmentConsideringthatthereisonlyonereportablesegment,therearenoadditionatd,sciosurestobeprovdedunderndAS106-Segmentinformaticn,The Companyoperatesonlyinindia 5MahindraBiossomDevelopersLimited(MBLDL)hasbeenincorporatedon2ndJanuary.2026asaetiolyownedsubsidia-yoftheCompany.On23rdMarch2026the Companysold49%cfitsequnystaketoMitsuiFudosan(Asia)PIeLieclassifiyingitasajontvenkreAdditionaJyon23rdMarch2026.theCompanytransfer-editsAlembic undertatcngonaskimpsalebasistoMan,ndramossomDevetopersLimitedforPs55.880akhsrecognizingaprofitotRs5565iakhsv4,ichisdisctosedunderOtherincomeit previousyear 6On21stNovember2025.theGovemmantofdienotifiedthefourLabourCodes-theCodeonWages.20t9thetndusrriateiarorsCode2020.theCodeonSoca:Secirity. 2020.endtieOccupationetSare:yHeathandWorkingCondrtionsCode.2020{cotect.cetynewLabourCodec)-consohdatng29ezistingbouraws.tnaccordancewiththe rawLabourCodestheCompanyhadestmatectheinoema,tatimpactoilretiralbenetrtstobeAs360takhs(ortheyearei,ded31stMa’c’ii2026Consideringregulatory-driven midnon-rerdrrirgnatureotthisimpact,thiswaspresenteduncer-Eaceptionarttemcinthestandalonefirancalresultsfortneyearended31stMarch,2026TheCompany continuestomonitordevetopmenlsontheRuieslobenotifiedbyregulatoryauthorilies.inctudingclarifications!additionalguidancetromauthoritiesandwitcontinuetoassessthe accountingimpticationsbasissuchdevetopmentslguidance 7Duetothenatureofbusinessactivitiesandtoensurecustomersatisfaction,thecompanycarriesaprovisiontorcosttocompletion(COO)onaconserretivebasis.Onreceiptof Occupationcertificateforrespectiveprojects,theseprovisionsareperiodicaltyassessedandreversedDuringthequartersuchprovisionamountingtoPs1.900takhswere reversedanddiscrotedasothatincome 8Duringthequarter,theCompanycomptetedthedivestmentofitsinvestmentsintheAmpteParksGroupaspartofitsstrategicportfotiooptimizationinitiativeThetiansactionwas compteted(oraconsiderationofRs7.652takhs,Accordingly,theCompanyrecognizedaprotitofPs156tatihsinthestandatonefinancialstatementsonthedisposat. 9TheCompanyisareatestatecompanyengagedintheconstructionanddevetopmentofreatestateprojects,andrevenueisrecognizedusingtheComptaledContractsMethod underndAS115,Assuch,theresultsforthequarterorforthehalfyearended30thSeptember.2026arenotrepresentativeofthecurrentoperations 10Previousperiod/yearfigureshavebeenregroupedwhereverconsiderednecessary.toconformtocurrentperiod/yearclassification ForandonbehalfoftheBoardofDirectors AmitlUimaStnha PtaceMumbaiManagingqfrector&CEO Dated22ndOctober.2026DtN.o912787
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D CharteredAccountants e01 eCommerzIII,30th&31stfloors InternationalBusinessPark Haskins & Sells LLPOberoicarderioty Highway Goregaon(East) Mjmbai-400063 Maharashtra.ldia INDEPENDENTAUDITOR’SREVIEWREPORTONREVIEWOFINTERIM CONSOLIDATEDFINANCIALRESULTS TOTHEBOARDOFDIRECTORSOF MAHINDRALIFESPACEDEVELOPERSLIMITED 1.WehavereviewedtheaccompanyingStatementofConsolidatedUnaudited FinancialResultsof’MAHINDRALIFESPACEDEVELOPERSLIMITED(“the Parent”)anditssubsidiaries(theParentanditssubsidiariestogetherreferredtoas “theGroup”),anditsshareofthenetprofitaftertaxandtotalComprehensive incomeofitsassociatesandjointventuresforthequarterandhalfyearended September30,2026(“theStatement”)beingsubmittedbytheParentpursuantto therequirementofRegulation33oftheSEBI(ListingObligationsandDisclosure Requirements)Regulations,2015,asamended(“theListingRegulations”). 2.ThisStatement,whichistheresponsibilityoftheParent’sManagementand approvedbytheParent’sBoardofDirectors,hasbeenpreparedinaccordancewith therecognitionandmeasurementprincipleslaiddownintheIndianAccounting Standard34“InterimFinancialReporting”(“mdAS34”),prescribedunderSection 133oftheCompaniesAct,2013readwithrelevantrulesissuedthereunderand otheraccountingprinciplesgenerallyacceptedinIndiaandincompliancewith Regulation33oftheListingRegulations.Ourresponsibilityistoexpressa conclusionontheStatementbasedonourreview. 3.WeconductedourreviewoftheStatementinaccordancewiththeStandardon ReviewEngagements(SRE)2410“ReviewofInterimFinancialInformation PerformedbytheIndependentAuditoroftheEntity”,issuedbytheInstituteof CharteredAccountantsofIndia(ICAI).Areviewofinterimfinancialinformation consistsofmakinginquiries,primarilyofParent’spersonnelresponsibleforfinancial andaccountingmatters,andapplyinganalyticalandotherreviewprocedures.A reviewissubstantiallylessinscopethananauditconductedinaccordancewith StandardsonAuditingspecifiedunderSection143(10)oftheCompaniesAct,2013 andconsequentlydoesnotenableustoobtainassurancethatwewouldbecome awareofallsignificantmattersthatmightbeidentifiedinanaudit.Accordingly,we donotexpressanauditopinion. WealsoperformedproceduresinaccordancewiththecircularissuedbytheSEBI underRegulation33(8)oftheSEBI(ListingObligationsandDisclosure Requirements)Regulations,2015,asamended,totheextentapplicable. 4.TheStatementincludestheresultsofthefollowingentities: Sr.No.NameoftheEntityRelationship 1,MahindraLifespaceDevelopersLimitedParentCompany 2MahindraInfrastructureDevelopersLimitedSubsidiaryCompany 3MoonshineConstructionPrivateLimitedSubsidiaryCompany 4MahindraBloomdaleDevelopersLtdSubsidiaryCompany MahindraHomesPrivateLimitedSubsidiaryCompany MahindraSakuraDevelopersLimited(previouslysubsidiaryCompany knownasShreyasStonesPrivateLimited) ______________________ KnowledgeTownshipLimitedSubsidiaryCompany Regd.Office:OneInternationalcenter,Tower3,31stfloor,SenapatiBapatMarg,ElphinstoneRoad(West),Mumbai-400013,Maharashtra.India. DeloitceHaskins&SellsLLPisregisteredwithLimitedLiabilityhavingLLPidentiricacionNo:AAB-8737
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Deloitte Haskins&SellsLLP SubsidiaryCompany (incorporatedonJune 29,2026) 5.Basedonourreviewconductedandproceduresperformedasstatedinparagraph 3aboveandbasedontheconsiderationofthereviewreportsoftheotherauditors referredtoinparagraph6below,nothinghascometoourattentionthatcausesus tobelievethattheaccompanyingStatement,preparedinaccordancewiththe recognitionandmeasurementprincipleslaiddownintheaforesaidIndian AccountingStandardandotheraccountingprinciplesgenerallyacceptedinIndia, hasnotdisclosedtheinformationrequiredtobedisclosedintermsofRegulation 33oftheSEBI(ListingObligationsandDisclosureRequirements)Regulations, 2015,asamended,includingthemannerinwhichitistobedisclosed,orthatit containsanymaterialmisstatement. 6.Wedidnotreviewthefinancialresultsoffoursubsidiariesincludedinthe consolidatedunauditedfinancialresults,whosefinancialresultreflecttotalassets ofRs.1,66,742.50LakhsasatSeptember30,2026,reflectstotalrevenueofRs. 499.67LakhsandRs.2,221.77Lakhsforthequarterandhalfyearended September30,2026respectively,totalnetprofit!(loss)aftertaxofRs.172.73 LakhsandRs.(321.26)LakhsforthequarterandhalfyearendedSeptember30, 2026respectively,totalcomprehensiveincome/(loss)ofRs.172.73LakhsandRs. (321.26)LakhsforthequarterandhalfyearendedSeptember30,2026 respectivelyandcashoutflowofRs.187.41LakhsforthehalfyearendedSeptember 30,2026,asconsideredintheStatement.Theconsolidatedunauditedfinancial resultsalsoincludestheGroup’sshareofprofitaftertaxofRs.6,003.18Lakhsand Rs.10,324.04LakhsforthequarterandhalfyearendedSeptember30,2026 respectivelyandtotalcomprehensiveincomeofRs.6,003.18LakhsandRs. 10,324.04LakhsforthequarterandhalfyearendedSeptember30,2026 8MahindraKandivaliDevelopersLimited 9IndustrialTownship(Naharashtra)LimitedSubsidiaryCompany 10AnthuriumDevelopersLimitedSubsidiaryCompany 11MahindraWorldCity(Maharashtra)LimitedSubsidiaryCompany 12MahindraWaterUtilitiesLimitedSubsidiaryCompany 13RatnaRhoomiFnterorisesPrivateLimitedSubsidiaryCompany 14DeepmangalDevelopersPrivateLimitedSubsidiaryCompany 15IMahindraWorldCityDevelopersLtdJointVenture 16MahindraIndustrialParkChennaiLimitedJointVenture 17MahindraWorldCity(Jaipur)LtdJointVenture 18MahindraInframanWaterUtilitiesPrivateLimitedJointVenture 19MahindraIndustrialParkPrivateLimitedJointVenture 20MahindraHappinestDevelopersLtdJointVenture 21MahindraBlossomDevelopersLimitedJointVenture 22MahindraKnowledgePark(Mohali)LimitedAssociate 23MahindraConstructionCompanyLimitedAssociate 24AmpleParks&LogisticsPrivateLimitedAssociate ..Associate(till 25AmpleParksProject1PrivateLimitedSeptember15,2026) ..Associate(till 26AmpleParksProject2PrivateLimitedSeptember15,2026) 27AmpleParksMMRPrivateLimitedAssociate
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Deloitte Haskins&SellsLLP respectively,asconsideredintheStatement,inrespectoffourjointventureswhose financialresultshavenotbeenreviewedbyus.Thesefinancialresultshavebeen reviewedbyotherauditorswhosereportshavebeenfurnishedtousbythe ManagementandourconclusionontheStatement,insofarasitrelatestothe amountsanddisclosuresincludedinrespectofthesubsidiaryandjointventures,is basedsolelyonthereportsoftheotherauditorsandtheproceduresperformedby usasstatedinparagraph3above. OurconclusionontheStatementisnotmodifiedinrespectofthismatter. 7.Theconsolidatedunauditedfinancialresultsincludesthefinancialresultsofseven subsidiarieswhichhavenotbeenreviewedbytheirauditors,whosefinancialresults reflecttotalassetsofRs.21,104.88LakhsasatSeptember30,2026,reflecttotal revenueofRs.NilLakhsandRs.NilLakhsforthequarterandhalfyearended September30,2026,respectively,totalnetprofit!(loss)aftertaxofRs.1.01Lakhs andRs.(5.14)LakhsforthequarterandhalfyearendedSeptember30,2026, respectively,totalcomprehensiveincomef(loss)ofRs.1.01LakhsandRs.(5.14) LakhsforthequarterandhalfyearendedSeptember30,2026,respectivelyand cashoutflowofRs.10.82LakhsforthehalfyearendedSeptember30,2026,as consideredintheStatement.Theconsolidatedunauditedfinancialresultsalso includestheGroup’sshareoflossaftertaxofRs.165.27LakhsandRs.357.51 LakhsforthequarterandhalfyearendedSeptember30,2026,respectivelyand totalcomprehensivelossofRs.165.27LakhsandRs.357.51Lakhsforthequarter andhalfyearendedSeptember30,2026,respectively,asconsideredinthe Statement,inrespectofsixassociatesandonejointventure,basedontheir financialresultswhichhavenotbeenreviewedbytheirauditors.Accordingtothe informationandexplanationsgiventousbytheManagement,thesefinancial resultsarenotmaterialtotheGroup. OurConclusionontheStatementisnotmodifiedinrespectofourrelianceonthe resultscertifiedbytheManagement, ForDELOTTTEHASKINS&SELLSLIP CharteredAccountants Firm’sRegistrationNo.117366W/W-100018 NileshShah Partner MembershipNo.049660 UDIN: Place:Mumbai Date:October22,2026
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MahindraLifespaceDevelopersLimited GIN-L45200MH1999PLCI18949 Tel.:022-67478600Website:www.mahindralifespaces.com RegisteredOffice:-MahindraTowers,4thFloor,Wan,.Mumbai-400018 Statementofconsolidatedunauditedfinancialresultsforthequarterandhalfyearended30thSeptember,2026 (As.inLakhs) QuarterEndedHalfYearEndedYearended Particulars30.09.202630.06.202630.09.202530.09.202630.09.202531.03.2026 UnauditedItnauditedUnauditedUnaudiledUnauditedAudited IflevenuePornoperations3,24296.213t.75699.4554,9531,tl,531 2Otherincome(ReferiOl7.10and’1)7,1601.5411.5508.7012.4148.765 3Totalincome(1+2)10.40297,7543,3061.08,1567.3671,26,596 Expenses: a)Costofsales -Constructionexpensesincurred82.62269.12727,5341.72,34968.1172,19.482 ‘Changesininvenlo’iesofwork-in-progressandfinishedgcods(81.221)(13231)(26.049)(94.458)(63.8531‘I18,792) -Operatingexpenses313.138213.169883,593 b)Emp;oyeebenefitsexpense3.3933.3573.0276.7505.82912.726 a);nancecosts543240857835801.091 diJepreciationandamorlisationexpense4545046519581.2602.387 e)Otherexpenses3,9193,7802.4701,6995.52112.981 Totalexpenses9,74187,509783997,25017.5421.33,468 Profit!(loss)beforeexceptionalitems,shareofprofit!(loss)of66110,245(4,533)10,906(10.175)(5,872) associates,jointventuresandtax(3-4) ExceptionaliternsReferNoteSand6)-2,583 Profif,’(loss)beforeshareofprofit!(loss)ofassociates,jointventures66110,245(4,533)10,906(10,175)(4,289) andtax(5÷6) Shareofprofitofjointvenluresandassociates(ReferNofe8and9)4.2898559.6075.14419.40934,891 Profitbeforetax(7+8)4.95011.1005,07416,0509,23430.602 Taxexpense!(credit): a)Currentlax1,8637551.5332,6181,5921,338 b)Deferredtax1.4531.790(1.250)3.243(2,2751(553) Profitaftertax(9-10)1,6348,5554.79110,1899,91729,817 OthercomprehensiveIncome!(local Itemsthatwillnotbereclassihedtoprofitorloss -Remeasurernerilsofthedefinedbenefitliabilifies(netoffaxes)..‘-‘(79) Totalcomprehensiveincome(11+12)1.6348.5554.79110.1899,91729,738 Attnbufableto Ownersoftheparentt,6338.5534.79010.1869.91429.734 Noncontrollinginteresl121334 Dithetotalcomprehensiveincomeabove, Profitfortheperiodattributableto: Ownerso’theparent1,6338.55314.7901-3.1869.91429,813 Noncontrollinginlerest121334 Ofthetotalcomprehensiveincomeabove, Othercomprehensiveincome!(loss)attributableto: Ownersoftheparent-..--(79) Noncontrot3nginterest..-- 16Paid-upequitysharecaDitat(FacevalueofRs.10!-each)(Refernote4)21.33721.33421.32821.3372t.32821.334 Otherequityasafbalancesheetdale-.341.353 Earningpershare(FacevalueofAs.10!’eact)(Rs.) a)Basic0.114012.414.775.1114.64 b)Diluted0.164.2.464.775.101461 -BasicandDilutedEPSforallpenods,exceptyearended31.03.2026arenotannusl’sed.
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UnauditedConsolidatedBalancesheetasat30thSeptember,2026IRs.InLakhs) ASSETS Non-currentassets Property,plantandequipment Rightofuseassets Capitalwo’k-in-p.’ogress Otherintangibleassets Investmentsaccounledforus’ngtheequitymethod Financialassets -Investments -Loans -Othertanciaiassets Deterredtaxassets(nefl tncomelaxassets(net) Totalnoncurrentassets ‘Currentassets Fkrnncialassets -Investments -Tradereceivables -Cashandcasfequivalents -BankbalancesoIlierthancashandcashequivalents -Otherfinancialassets Othercurrentassets Totalcurrentassets Totalassets(1+2) EQUITYANDLIABILITIES Equity Equitysharecapital Otherequity EquityattributabletoownersottheCompany Noncontrollinginterest Liabilities Non-currentliabilities FinancialLiabilities -Leaseliabilities -Otherlinancialliabilities Provisions Totalnoncurrentliabilities Currentliabilities Financ-alliabitiles -Borrowings -tease:abilil.es -Traoepayabes (a)Totaloutstandingduesotmicroandsmallenterprises (b)Totaloutstandingduesolcreditorsotherthanmicroandsmallenlerprises -Otherfinancialliabitities Othecurrenthabit-ties Provisions Currenttaxliabilities(Net) Totatcurrentliabilities MatAsat 30.09202631.03.2026 UnauditedAudited 2,009I.036 1.2451,612 .9991.011 7790 73.389 89.064 24,28229.029 5.4385.087 20.55416.938 8.11711,360 7,82211.988 1,44,9321,67,215 5.63.6075,17.536 19.3378.801 22,31522,811 5,7711,934 35,03045,528 3.6663.036 50,50356.616 7,002296,62,268 8,45,1618,29,483 21,33721,334 3,44,6063.41,353 3,65.9433,62,687 IS11 3,65,9583,62,698 613597 180180 1,6101,608 2,4032,385 62.54364.525 8991,101 2.8062.592 47.04145.804 46.2119,272 3.15,0393.39.246 2,3791,788 8266 4.76,8004,64.400 845,1618,29.483 Totalequityandliabilities(1+2+3)
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StatementofCashFlows A.Cashflowsfromoperatingactivities Profitbeforetax Ad1ustmentstar Shareofprofitotointventureandassociates Financecosts InterestIncome Lossondisposalofpropertyplant&equipment(net) Depreciationandamortisationexpenses Provisionforditninuitioninvalueofintercorporatedeposit Profitonsaleofnon-currentinvestments Provisiontorinventory(NRV) Profitonsaleotcurrentinvestments Netlossaristngonfinancialassetsmeasuredattairvaluethroughprotitandloss NetgainarisingonInvestmentsmeasuredatfairvatuethroughprofitandtoss Expenserecognisedinrespectotequity-settledshare-basedpayments Operatinglossbeforeworkingcapitalchanges Changesin Decrease/increase)intradearidotnecreceivables Increasein.nventoi)es Increaseintradepayabtesandothertiabcilies Cash(usedin)operations nconietakespaid(netofrefunds&nterestthereon) Netcashusedinoperatingactivities S.Cashflowsfrominvestingactivities Bankdeposits(net) Netchangesinearmarkedbalanceserr)marginaccountswithbanks Interestreceived Dividendreceivedfromjointventures Inter-corporatedepositgventojointventuresandassociates lnter-co’po’atedepositretundedfromointventuresandassociates Paymenttoacquireproperly,plantandequipmentandotherintangibleassets Proceedsfromdisposalofproperty,plantandequipmentandotherintangibleassets (Paymenttoacquire)Iproceedfromcurrentinvestment(net) lnvestnientsinAssociatesandJointVentures Proceedstrcmsaleotroncurrer.tinvestmerrinassociates Proceedsfromsaleofnoncurrertnvestmentinjointventures Netcashgeneratedfrom)(usedin)investingactivities C.Cashflowsfromfinancingactivities ProceedsfromissueotequitysharesoftheCompany(indudingshareappication moneyt(netotshareissueexpense) Proceedsfron,borrowings Repaymentofborrowings Dividendpaid Paymentofteasetiabitites interestpaid Netcash(usedin)Igeneratedfromfinancingactivities Net(decrease)increaseincashandcashequivalents Cashandcashequivalentsatthebeginningofhepenod Cashandcashequivalentsattheendoftheperiod HalfYearEnded Particulars30.09.202630.09.2025 UnauditedUnaudited (Rs.tnLakhs) 16,050 (5.144) 183 (2,885) 2 958 600 12.694) (355) 45 (264) 531 9,234 (I9,409) 560 (2,243) 1.260 383 (IS?) 36 (38) 243 7,627(10.097) 3,380(5,551) ‘(43.744)(60.895) 13,60554.423 (19.132)(23,220) 1.574(1.319), (17,555)(24.539)1 12.78820.345) (2,228)21) 2.3462.566 2C.9l5448 (1,150)(t,252) 200 (2.375)(592) 217 (9,911)(5.056) (352)(764) 7,102- -t2,025 27.337(12,974) 61,48,531 1.37.79778,149 tl.39760),11.91.187t (/.4.46)j(5,964) (617))(558) (1,902)(4.060) (11.942)24,911 (2,163)(12.602) 7.93423.165 5.77111,153 TheaboveCashFlowStatementhasbeenpreparedunderthe‘indirectmethod”assatoutin‘IndianAccountingStandard itndASI7-StatementotCashFIows
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Notes: ITheaboveresultshavebeenreviewedandrecommendedbytheAuditCommitteeandapprovedbytheBoardofDirectorsottheParentcompanyattheirrespectivemeeting heldon22ndOctober,2026.Theunauditedconsotidatedtinancialresultstotthequarterandhaltyearended30thSeptember.2026havebeensubjectedtolimitedreviewby thestatutotyauditors. 2Theseresultsincludetheresuttofsubsidiariesviz.(i)MahindratntrastructureDevelopersLtd(N)MahindraWoddCity(Maharashtra)Ltd(iii)KtiowtedgeTownshipLtd(iv) MahindraBtoomdaleDevetopersLtdlv)IndustriatTownshipMatiarastttra)Ltd(vi)AnthuriumDevelopersLtd(vN)MabindraWaterUtititiesLtd(vNi)DeepmengatDevelopers PrivateLtd(ix)MoonshineConstructionPrivateLtd(x)AathnaBhoomiEnterprisesPrivateLtdlxi)MahindraSakuraDevetopersLimited(wet.27thJune.2025)(previousty knownasShreyasStonesPrivateLtd)(xii)MatiindraHomesPrivateLtd(wet.28thNovember20251(xiii)MatiindraBlossomDevetopersLimited(wet.2ndJanuary,2026 tilt23rdMarch.2026)(xiv)MahindraKandivatiDevelopersLimited(wet.29thJune2026)consolidatedusingtinebytineconsotidationmethodunderndAS. Theseresuttsalsoincludetheresultotjointventureenlitiesandassociatesviz.(i)MahindraWorldCityDevetopersLtd(ii)MahindraWorldCity(Jaipur)Ltd(iii)Mahindra IndustrialParkPrivateLtd(iv)MahindraIndustrialParkChennaiLtd(v)MahindraHomesPrivateLtd(till28thNovember2025)(vi)MahindraHappinestDevelopersLtd(vii) MahindraKnowledgeParkMohaliLtd(vUi)MahindratnframanWaterUtilitiesPrivateLtd(ix)AmpleParksandLogisticsPrivateLtd(x)AmpleParksProject1PrivateLtd (ceasedw.e.t.15thSeptember2026)(xi)AmpleParksProject2PrivateLtd(ceasedwet.15thSeptember2026)(xil)AmpleParksMMRPrivateLimited(xiii)Mahindra ConstructionCompanyLtdlxiv)MahindraBlossomDevelopersLimited(wet.23rdMarch.2026).consolidatedasperequityaccountingunderndAS28. 3TheconsolidatedfinancialresuttsoftheCompanyhavebeenpreparedinaccordancewiththerecognitionandmeasurementprincipleslaiddownintheIndianAccoutiting Standards34InterimFinancialRepoding(‘tndAS34’)asprescribedunderSection133ottheCompaniesAct,2013readwiththerelevantrulesissuedthereunderandthe otheraccountingprinciplesgenerallyacceptedinIndia. 4PursuanttoexerciseofstockoptionsbyeligibleemptoyeesunderESOS.31.000shareswereattotedforthequaderandhaltyearended30thSeptember,2026. 5On21stNovember.2025,theGovernmentotIndianotitiedthetourLabourCodes’theCodeonWages.2019.theIndustrialRelationsCode,2020,theCodeonSocial Security.2020,andtheOccupationalSafety,HealthandWorkingConditionsCode,2020(collectively‘newLabourCodes’)‘consolidating29existinglabourlaws.In accordancewiththenewLabourCodes,theGrouphadcurrentlyestimatedtheincrementatimpactonretiralbenefitstobeAs493takhs.Consideringregulatory’drivenand non’recurringnatureotthisimpact,thiswaspresentedunder‘ExceptionalItems’intheconsolidatedfinancialresults,TheGroupcontinuestomonitordevelopmentsonthe Ruleslobenotifiedbyregulatoryauthorities,includingclaritications)additionalguidancefromauthoritiesandwillcontinuetoassesstheaccountingimplications,basissuch developments!guidance. 6Duringthepreviousyear.theCompanyacquiredtheremaining25.65%equitystake(economicinterest50%)inMahindraHomesPrivateLtd(MHPL).increasingitstotal shareholdingto100%andtherebyobtainingcontroletfeclive28thNovember,2025.Accordingly,MHPLtiasbecomeawhollyownedSubsidiaryoftheCompanyand consolidatedonalinebylinebasiswiththeresultsoftheCompany.ConsequentlyresultsforthequarterendedJune26isnotcomparablewithpreviousquarters. ThetransactionhasbeenaccountedtotasastepacquisitioninaccordancewithIndAS103byremeasuringthepreviouslyheldinterestatfairvalue,resultinginagainofAs. 3.076takhs,recognisedintheConsolidatedStatementofProfitandLossasexceptionalitem, MahindraBlossomDevelopersLimitedwasincorporatedoilJanuary2.2026,asawhollyownedsubsidiary.OnMarch23.2026.theCompanysold49%ofitsequityslaketo MitsuiFudosan(Asia)PteLtd.classifyingitasajointventure.Addilicnally.onMarch23,2026.theCompanytransferreditsAlembicundertakingonaslumpsalebasisto MahindraBlossomDevelopersLimitedforAs55,880Iakhs.recognizingaprofitofRs4,197IakhsunderOtherIncomeinpreviousyear. 8Duringthepreviousyear.MahindraIndustrialParkPrivateLimited(MIPPL).modifiedthetermsofnon-convertibledebentures(NCDs)issuedbyMIPPLwhichresultedina exceptionalgainotAs.2.452lakhs(netoftax)andthesameisrecognisedintheShareofprofitofjointventuresandassociates. 9Dtiringthepreviousyear.MahindraWorldCityJatpurLimitedIMWCJL)redeemedit’snon’conveilibtedebentures(NCDs)atamutuallyagreedprice.Theresultant exceptionatgainonsuchredemptionoftheinstrumentisofAs.I.866tekhs(netoftax)andrecognisedintheShareofprotitofjointventuresandassociates. IDDuetothenatureotbusinessactivitiesandtoensurecustomersatisfaction,theGroupcarriesaprovisionforcosttocompletion(COC)onaconservativebasis.Onreceiptof Occupationcertificatetorrespectiveprojects,theseprovisionsareperiodicallyassessed&reversed.DuringthequartersuchprovisionamountingtoAs2,500takhswere reversedanddisclosedasotherincome. 11Duringthequarter,theCompanycompletedthedivestmentatitsinvestmentsintheAmpleParksGroupaspailofitsstrategicporttotiooptimizationinitiative.Thetransaction wascompletedtoreconsiderationotAs7.652lakhs.Accordingly,theCompanyrecognizedaprotilofAs2,694takhsintheconsolidatedfinancialstatementsonthedisposal. TheGroupisarealestateCompanyengagedinconstructionanddevelopmentofrealestateprojects&therevenueisrecognizedusingCompletedContractsMethodunder lndAS115andassuchtherevenuetramoperationsforthequarterandhaltyeardoesnotconsiderprogressontheprojectsinhand. 13TheChietOperatingDecisionMakermonitorsandreviewstheperiomianoeoftheoperatingsegmenti.econstructionanddevelopmentofreatestateprojectsasasingle operatingsegment.Consideringthatthereisonlyonereportablesegment,therearenoadditionaldisclosurestobeprovidedunderndAS108‘Segmentinformation.The CompanyoperatesonlyinIndia. 14TheStandaloneFinancialresultsforthequarterandhaltyearended30thSeptember.2026aresummarizedbelowanddetaitedfinancialreportisalsoavailableontheStock Exchangewebsite.www.nseindia.com.vAvw.bseindia.comandCompany’swebsitewvav,mahindralifespaces.com. QuarterEndedHallYearendedYearended Particulars30.09.202630.06,202630,09.202530.09,202630.09,202531.03,2026 hinauditedUnauditedUnauditedUnauditedUnauditedAudited TotatIncome(IncludingOtherIncome)24,71339,6965,70764.40911.5591.17.766 ProfitI(toss)beforetax16.41111.296(1,897)27,713(6,189)8,801 Prolit/(toss)aftertax12.7439.013(2.451)21,756(5.833)7.210 15Previousperiod!yeartigureshave:necessary,toconfirmtocurrentperiod)yearctassitication. ForandonbehalfottheBoardotDirectors AmilKutnarSin’a ManaqingDirectr&CEO DIN:09127387 Place:Munibai Dated:22ndOctober,2026
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MahindraLifespaceDevelopersLimited(Consolidated) CIN-L45200MH1999PLC118949 Tel.:022-67478600Website:www.mahindralifespaces.com RegisteredOffice:MahindraTowers.4thFloor,Worli,Mumbai-400018 ExtractofConsolidatedUnauditedFinancialResultsfortheQuarterandHalfyearended30thSeptember,2025 (Rs.InLakhs) QuarterEndedHalfYearEndedQuarterEnded Nr.Particulars3009202630.09.202630.09.2025 °‘ UnauditedUnauditedUnaudited ITotalincome(Includingotherincome)10,4021,08,1563,306 2Profit/(loss)fortheperiod(beforetaxandexceptionalitems)66110,906(4,533) 3ProfitI(loss)fortheperiodbeforetax(alterexceptionalitems)66110,906(4,533) 4Shareofprofitofjointventuresandassociates4,2895,1449,607 5Profitfortheperiodbeforetax(afterexceptionalitemsandaftershareofnet4.95016,0505,074 profitofjointventuresandassociates) 6Profitfortheperiodaftertax(afterexceptionalitemsandaltershareofnet1.63410.1894,791 profitofjointventuresandassociates) 7Totalcomprehensiveincomefortheperiod(Comprisingprofit/(loss)forthe1,63410,1894.791 period(aftertax)andothercomprehensiveincome!(loss)(afterfax)) 8Paid-upequitysharecapital(FacevalueofRs.10i-each)21.33721.33721,328 9Earningpershare(FacevatueofRs.ID!-each) 1.Basic(Rs.)0.774.772.47 2.Diluted(Rs.)0.754.772.46 Notes: BasicandD;lufeoEPSforatperdsarenotannuabsed. 1TheaboveresultshavebeenreviewedandrecommendedbytheAuditCommitteeandapprovedbytheBoardofDirectorsattheirrespective meetingsheldon22ndOctober.2026.Theunauditedconsclidafedfinancialresultsforthequarterandhalfyearended30thSeptember,2026 havebeensubjectedtolimitedreviewbythestatutoryauditors. 2Keynumbersofstandalonefinancialsresults:- IRs.InLakhs) QuarterEndedHalfYearEndedQuarterEnded Particulars30.09.202630.09.202630.09.2025 UnauditedUnauditedUnaudited Totalincome(Includingotherincome)24.71364,4095.707 Profit!(loss)beforetax16.47727,773(1.897) Profit!(loss)aftertax12.74321,756(2.451) 3Theaboveisanextracfofthedetailedformaloffinancialresuttsforthequarterandhalfyearended30thSeptember,2026filedwththeStock ExchangesunderRegulation33offhe5581(ListingObligationsandDisclosureRequirements)Regulations.2015.Thefullformatoffinancial resultsareavailableonlr’.eStockExchangewebsite.www.nseindia.comandwww.bseindia.comandonfheCompany’swebsite htlps:/Iwwwmahindralifespaces.com/investor.cenleri?category=quarterly.results.ThesamecanbeaccessedbyscanningtheORcode providedbelow, ForandonBehalfoftheBoard itumarSinha Manag9Director&CE DIN:0927387 Place:Mumba, Dated22ndOctober2026