Board of Directors of Dewan Housing Finance Corporation Limited announced that Mr. V. K. Chopra has expressed his desire to resign from the position of an Independent Director vide his letter dated 11th March, 2019. The Board of Directors of the Company have accepted his resignation with effect from 11th March, 2019. It is further informed that the present tenure of Mr. V. K. Chopra as an Independent Director was due to expire on 31st March, 2019. The resolution for his re-appointment as Independent Director after expiry of his present tenure, which was passed by the shareholders on 4th March, 2019 as intimated to the stock exchanges on 4th March, 2019, shall be ineffective in view of his resignation. The Company is in the process of strengthening its governance structure by appointing new independent directors and reconstituting its Board Committees and shall announce the same by 31st March, 2019.