Manvijay Development Company Limited accepted the resignation of Ms. Sheetal Bhalerao from the Directorship (Non-executive Non-whole time Independent Director) of the Company with immediate effect. She will be handling all HR related activities of Wardwizard Group Company for which she will be receiving professional fees. Further she has confirmed that apart from abovementioned reasons there is no another reason for resignation. Hence, she will cease to be Independent Director of the Company.