Sobha Limited announced Mr. Ravi PNC Menon, Whole-time Director and Chairman of the Company, due to certain commitments and personal reasons, tendered his resignation vide letter dated 3rd March, 2023 from the position of Whole-time Director and Key Managerial Personnel of the Company effective close of 3pt March, 2023. He will continue as a Non-executive Non-Independent Director of the Company effective 1st April, 2023 . Subject to the approval of the Board at the upcoming Board Meeting, he will also continue to hold the position of Chairman (Non-executive) of the Company.