Mahindra Lifespace Developers Limited announced the resignation of Ms. Asha Kharga, Non-Executive Non-Independent Director, effective March 13, 2026, following the conclusion of the Board Meeting. The reason cited for her departure is her planned transition into a new internal role within the broader Mahindra Group. The Board formally accepted and noted this resignation during its scheduled meeting.
Board Meeting Concludes and Director Resignation Noted
The Board of Directors of Mahindra Lifespace Developers Limited convened for a meeting on Friday, March 13, 2026, which spanned from 11:00 a.m. IST to 6:20 p.m. IST. During this session, the Board officially considered and noted the resignation submitted by Ms. Asha Kharga (DIN: 08473580).
Details of Cessation
Ms. Kharga, who served as a Non-Executive Non-Independent Director, resigned with immediate effect from the conclusion of the Board Meeting on March 13, 2026. The formal reason provided for her cessation of directorship is her transition into a new role within the Mahindra Group. The company confirmed that the detailed reasons were provided in her enclosed letter.
Compliance and Disclosure
The company provided the required disclosures pertaining to this change of directorship as mandated by applicable listing requirements. The resignation documentation confirms that there were no other related disclosures required regarding the director’s profile, relationships, or compliance with specific circulars (e.g., BSE Circular ref. no. LIST/ COMP/ 14/2018-19 or NSE ref. no. NSE/ CML/2018/24).
This intimation and related disclosures are also made available on the company’s official investor relations website.
Source: BSE
