Delivering the verdict, Special Judge Yatin D Shinde pronounced capital punishment for Kamal Ahamed Ansari (37), Mohd Faisal Shaikh (36), Ehtesham Siddiqui (30), Naveed Hussain Khan (30) and Asif Khan (38), all of them bomb planters.
The remaining seven, who were spared the noose, are Tanvir Ahmed Ansari (37), Mohammad Majid Shafi (32), Shaikh Alam Shaikh (41), Mohd Sajid Ansari (34), Muzzammil Shaikh (27), Soheil Mehmood Shaikh (43) and Zamir Ahmad Shaikh (36).
The court had last week concluded hearing arguments on the quantum of sentence when prosecution demanded death penalty for 8 of the 12 accused while it sought life imprisonment for the remaining four.
On September 23, the Special MCOCA court had reserved its order on sentencing in the case for today.
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Earlier, on September 11, it had convicted 12 of the 13 accused, all allegedly having links with banned SIMI, while acquitting one.
The court also found all the 12 accused guilty under Section 3 (1) (i) of MCOCA, which attracts capital punishment.
During the investigations, 13 accused, all of them Indians, were arrested and brought to trial.
The chargesheet filed by Anti Terrorism Squad (ATS) in November 2006 had named 30 accused, out of which 17 of them are absconding.
The absconding -- 13 Pakistan nationals-- include Azam Chima, member of Pakistan based Lashkar-e-Taiba.
Defence lawyers subsequently examined nine witnesses to show the court that the accused have undergone reformation and and thus may not be given capital punishment.
The list of witnesses included the relatives of accused, doctors, teachers and others while one of the convicts examined another accused in Mumbai 2012 serial blasts.
After the examination of witnesses, the defence advocates had pleaded leniency saying that the 12 convicts were merely the pawns of mastermind Cheema.