Indiabulls Real Estate Limited at its board meeting held on February 27, 2023, announced that Mr. Mehul Johnson (DIN: 00016075) who has resigned as a Managing Director 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.