DLF Limited announced resignation of K.P. Singh as Non-Executive Director and Chairman of the company. He has been at the helm of the affairs of the Company and the DLF Group for over five decades. As part of succession planning, Dr. K.P. Singh, vide letter dated June 4, 2020, has tendered his resignation from the position of Non-Executive Director/Chairman of the Company, which was reluctantly accepted by the Board of Directors. Considering Dr. K.P. Singh's exceptional contribution to the unparalleled success of the company and the DLF Group over five decades, and in the interest of the Company to be able to avail the benefit of his valuable knowledge and wisdom from time to time in a mentoring and guiding role, the Board has appointed Dr. K.P. Singh as Chairman Emeritus with effect from 5th June, 2020. This would help the Company to continue to reap the benefits of the rich reservoir of his experience, knowledge, wisdom and insights. The company also appointed Mr. Rajiv Singh as Chairman of the company. He is currently Vice Chairman & Whole-time Director of the Company, as Whole-time Director designated as Chairman of the Company with immediate effect. All other terms of appointment of Mr. Rajiv Singh including remuneration, as approved by the Shareholders vide their resolution dated 30th July, 2019, shall remain unchanged. Mr. Rajiv Singh, a mechanical engineering graduate from the Massachusetts Institute of Technology, U.S.A., has been the Vice Chairman of the Company since 9th April, 1999 and has led the Company with great success in developing and sustaining its leadership in each segment of Real Estate sector by development of world class Residential developments, IT Parks and Office complexes and bringing international Organised Retail experience to India. His vision has also helped drive infrastructural projects like the Rapid metro in Cyber City and the 16 Lane Toll free road in Gurgaon.