Narendra Properties Ltd. at the board of directors meeting held on August 9, 2016 approved the resignation of John K John and R Subrahmanian as Independent directors. Mahendra K Maher resigned as Non Independent Director, with effect from August 9, 2016. However Mahendra K Maher will be continuing as non Independent director, in order to ensure smooth transition and continuity of operations.

The director –operations Chirag N Maher was promoted as Managing Director and Chief Executive Officer of the company for a period of five years from August 9, 2016 to August 8, 2021 at a remuneration of INR 125,000 per month. The whole time director and Chief Financial Officer Mr. Chandrakanth resigned due to his personal reasons, effective August 9, 2016. The board appointed Jitesh D Maher as Chief Financial Officer until his appointment as CFO was employed as Vice President- operations.