Mahindra Lifespace Developers Limited has announced the resignation of Ms. Asha Kharga (DIN: 08473580) from the position of Non-Executive Non-Independent Director. The resignation was noted by the Board of Directors during their meeting on Friday, March 13, 2026. The cessation of her directorship is effective from the conclusion of the same Board Meeting. The reason cited for her departure is her transition into a new role within the larger Mahindra Group structure.
Board Notifies Director Cessation
Mahindra Lifespace Developers Limited formally informed the stock exchanges regarding a change in its Board composition. The Board of Directors convened on Friday, March 13, 2026, between 11:00 a.m. (IST) and 6:20 p.m. (IST), where they officially accepted the resignation of Ms. Asha Kharga.
Details of Resignation
Ms. Asha Kharga, holding DIN 08473580, resigned from her post as a Non-Executive Non-Independent Director. Her resignation became effective immediately upon the conclusion of the Board Meeting held on March 13, 2026. The company disclosed that the underlying reason for this change is Ms. Kharga’s decision to undertake a new role within the Mahindra Group.
The detailed information provided to the stock exchanges confirms that no other specific details such as profile, directorship relationships, or other mandatory circular requirements are applicable in this instance, as the resignation is internal to the group structure.
Acknowledgement and Closure
Ms. Kharga’s accompanying resignation letter, annexed to the official filing, expressed gratitude for the privilege of serving on the Board and valued the engagement with board members and the leadership team. The intimation confirms that the required regulatory details are enclosed as Annexure I, and the director’s letter of resignation is attached as Annexure II.
Source: BSE
