The Shareholders of Mahindra Lifespace Developers Limited at the eighteenth Annual General Meeting of the company held on July 25, 2017 had approved appointment of Mr. Bharat Shah as an Independent Director of the company for a period of five consecutive years commencing from August 1, 2016 up to July 31, 2021. Bharat Shah has expressed his desire to retire at the end of his tenure on July 31, 2021 from the position of an Independent Director of the company. Accordingly, Mr. Bharat Shah will cease to be an Independent Director of the company effective July 31, 2021.