Indiabulls Real Estate Limited announced that the resignation of Mr. Mehul Johnson (DIN: 00016075), from the position of Managing Director of the company, and his continuation on the Board as a Non-Executive, Non- Independent Director till March 31, 2023, this is to inform that, with effect from March 31, 2023, he has resigned as Non-Executive, Non- Independent Director of the company. Reason for change: In continuation of his process of stepping back from the active role and responsibilities Mr. Mehul Johnson has now resigned as Non-Executive, Non- Independent Director of the Company with effect from March 31, 2023.