Indiabulls Real Estate Limited at its board meeting held on February 27, 2023, appointed Mr. Sachin Chittaranjan Shah (DIN: 00387166) who is presently the President of the Company, as an Additional Director designated as Executive Director, of the Company, for a period of 5 years effective February 27, 2023, in place of Mr. Mehul Johnson (DIN: 00016075) who has resigned as Key Managerial Personnel of the Company with effect from February 27, 2023, due to his personal reasons & existing commitments. However, to facilitate smooth transition of his erstwhile responsibilities as a Managing Director, at the request of the Board, he will continue as Non-Executive, Non-Independent Director of the Company till March 31, 2023, appointment of Mr. Shyamm Mariwala (DIN: 00350235) as an Additional (Independent Director), on the Board, for a period of 3 years, effective February 27, 2023, appointment of Mr. Javed Faizullah Tapia (DIN: 00056420) as an Additional (Independent Director), on the Board, for a period of 3 years effective February 27, 2023 and the appointment of Ms. Tarana Suresh Lalwani (DIN: 01940572) as an Additional (Independent Director), on the Board, for a period of 3 years, effective February 27, 2023. Mr. Shah is currently the President of Indiabulls Real Estate Limited, which he joined in October 2021. He has an experience of 20 years with real estate industry, since 2001. Before joining the Company, Mr. Shah was associated with a leading commercial REIT for 3 years as its CIO. Earlier, Mr. Shah founded and ran Samsara Capital, where he managed funds on behalf of U.S. and U.K. institutional investors, fund-of-funds, and family offices, investing in Indian real estate. Mr. Shah was with Starwood Capital Group from 2001 to 2006 post business school, where he last served as a Vice President before moving from New York to India. Prior to business school, Mr. Shah worked at The blackstone Group and at Salomon Smith Barneys' mergers & acquisitions group in New York. Mr. Shah holds a Bachelor of Science in Finance, Investments and Economics from Babson College where he graduated summa cum laude and with a Masters in Business Administration from Harvard
Business School, which he completed in 2001. Mr. Shyamm was a promotor of, Marson Biocare, green field business of soil substrates. He stirred the
company in the world to become the first to receive quality certification outside Europe. Opening doors for many other companies to follow the same model. Slowly leading in developing new technologies to become largest exporter from India. Also was the first to brand a commodity in agriculture. After successfully selling the business, he ventured full time into equity research and investment of proprietary fund. The investment venture proved successful with combination use of fundamentals and technical. He served on board of public listed companies for a few years. Mr. Shyamm Mariwala has completed, his schooling from New Era High School in Mumbai, he went to St. Xavier's college and completed, bachelor's degree in Mechanical Engineering from University of Denver, executive courses at London Business School over a year. He has also served as a steward on National Sports bodies for western zone and served many years on various committees. Mr. Shyamm also servers as a trustee on one of the oldest animal hospitals in Mumbai at BSPCA. Mr. Javed Faizullah Tapia is currently the Chairman of Clover Infotech, a leading mid-tier IT companies in India. In a span of about 27 years, the company has become a partner of choice for digital transformation, enterprise applications management, data and domain consulting and implementation services, and cloud services. The company is a premier Oracle partner and serves the leading banks and insurance houses in India. It counts Fortune 500 companies as its customers across the globe. Mr. Tapia is also a founder of Sienna Systems Resources Pvt. Ltd. which is a Fintech company whose Products are Slonkit and Moneykit. Earlier Mr. Tapia has also served on the Board of Red Hat India. Mr. Tapia is a Bachelor of Commerce from Sydenham College and holds a Master's in Business Administration (General Management) from Duke University - The Fuqua School of Business. Ms. Tarana Suresh Lalwani is one of the founding partners at InnoVen Capital, where she heads sourcing and execution of venture debt transactions. She plays an active role within the portfolio companies which encompasses facilitating business development, and planning and guidance on further fund raises. Prior to InnoVen she was a Principal at Seedfund, where Ms. Tarana sourced, evaluated and mentored early- stage companies. She also works closely with the portfolio companies to get them to the next level of growth. Given her strong ties with angel groups like Mumbai Angles, where she was an active member and the venture investor community, Ms. Tarana continues to be involved in the early-stage space. Ms. Tarana started her career in New York with Morgan Stanley, following which she joined Radian, a financial services firm, in their structured finance group. She holds an undergraduate degree from LaSalle University, and an MBA from Columbia Business School, USA.