Mahindra Lifespace Developers Limited announced that its Board of Directors, in a meeting held on December 23rd, 2025, approved the incorporation of a new subsidiary. This subsidiary will be established as a public limited company, with the final name to be determined and made available by the Registrar of Companies. The Company, along with its nominees, will subscribe to 100% of the paid-up share capital in this proposed subsidiary. Further disclosures, as required by SEBI Listing Regulations, will be provided to the exchanges upon the subsidiary's incorporation. The Board Meeting commenced at 12:15 p.m. and concluded at 12:30 p.m. on December 23rd, 2025. This intimation is also available on the company's website.