5323132026-07-222026-07-225323132026-07-22xbrli:pureMahindra Lifespace Developers LimitedMAHLIFENewJoint venture agreementsRevision, Rescission, Amendment or Alteration of agreementRelated Parties of the listed entity,Third Partyfalse2026-07-2210:40:00false2026-07-222015-05-28The Supplemental Agreement records the Parties’ intention to collaborate and to further expand the existing Industrial Park in the State of Tamil Nadu, India by developing Phase 2B in Chennai (the “Project”). This Agreement is an extension of the Joint Venture Agreement dated 28 May 2015 (including amendments undertaken from time to time) and the First Supplemental Agreement dated 22 November 2024, under which the Parties have jointly developed Phase 1 and Phase 2A of the Project, respectively.3Second Supplemental Agreement has been executed amongst Sumitomo Corporation (SC), Japan, Mahindra World City Developers Limited (MWCDL), a material subsidiary of the Company and Mahindra Industrial Park Chennai Limited (MIPCL), subsidiary of MWCDL and step-down and material subsidiary of the Company.Second Supplemental Agreement2026-07-22The Supplemental Agreement records the Parties’ intention to collaborate and to further expand the existing Industrial Park in the State of Tamil Nadu, India by developing Phase 2B in Chennai (the “Project”). This Agreement is an extension of the Joint Venture Agreement dated 28 May 2015 (including amendments undertaken from time to time) and the First Supplemental Agreement dated 22 November 2024, under which the Parties have jointly developed Phase 1 and Phase 2A of the Project, respectively.a. Listed entity is not a party to the agreement. <BR> b. Shareholding, if any, in the entity with whom the agreement is executed - The Company holds 89% of total equity share capital of MWCDL (a 89:11 Joint Venture between the Company and Tamil Nadu Industrial Development Corporation Limited [TIDCO]). Further, MWCDL holds 60% of total equity shareholding of MIPCL and the balance 40% is held by Sumitomo Corporation, Japan.c. Significant terms of the agreement (in brief) special rights like right to appoint directors, first right to share subscription in case of issuance of shares, right to restrict any change in capital structure etc.; - Each JV partner has the right to appoint directors in accordance with the Joint Venture Agreement dated 28 May 2015 including amendments undertaken from time to time. MWCDL shall have the right to nominate majority of Directors on the Board of MIPCL. The other terms and conditions would be governed by the Second Supplemental Agreement including any amendment thereof from time to time. <BR> d. Whether, the said parties are related to promoter/promoter group/ group companies in any manner. If yes, nature of relationship - MWCDL is a subsidiary of the Company and MIPCL (A joint venture between MWCDL and SC) is a subsidiary of MWCDL and step-down subsidiary of the Company. <BR> e. Whether the transaction would fall within related party transactions? If yes, whether the same is done at “arm’s length”; - Yes, the same would be a related party transaction and that the terms and conditions captured in the Supplemental Agreement are as mutually agreed between the Parties. Any transaction undertaken in pursuance thereto shall be undertaken in compliance with the applicable laws and on an arm’s length basis. <BR> f. In case of issuance of shares to the parties, details of issue price, class of shares issued; - Not Applicable.