Sunteck Realty Limited announced that at the Board of Directors at their meeting held on 11 November, 2021, on the recommendations of the Nomination & Remuneration Committee, the Board has approved the appointment of Mr. V. P. Shetty as an Independent Director (Additional Director) with effect from 11 November, 2021, subject to approval of shareholders of the Company for a term of up to 5 consecutive years effective from 11 November, 2021. Mr. V p Shetty is presently the Chairman of JM Financial Asset Reconstruction Company Limited, JM Financial Asset Management Limited, JM Financial Products Limited and JM Financial Home Loans Limited.