News Companies Mahindra Lifespace Developers Board Notes Director Resignation Under SEBI RegulationsMahindra Lifespace Developers Board Notes Director Resignation Under SEBI Regulations
Mahindra Lifespace Developers Limited has formally announced the resignation of Ms. Asha Kharga as Non-Executive Non-Independent Director, effective from the conclusion of the Board Meeting held on March 13, 2026. The resignation was communicated to BSE Limited and National Stock Exchange of India Limited in compliance with SEBI regulations, with Ms. Kharga citing her transition into a new role within the Mahindra Group as the reason for stepping down.
*this image is generated using AI for illustrative purposes only.
Mahindra Lifespace Developers Limited has formally announced the resignation of Ms. Asha Kharga as Non-Executive Non-Independent Director, effective from the conclusion of the Board Meeting held on March 13, 2026. The resignation was communicated to BSE Limited and National Stock Exchange of India Limited in compliance with SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.
Board Meeting and Regulatory Compliance
The Board of Directors convened on March 13, 2026, to consider and note the resignation of Ms. Asha Kharga (DIN: 08473580). The announcement was made pursuant to Regulation 30(6) read with Schedule III and other applicable provisions of the SEBI Listing Regulations, along with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/II/3762/2026 dated January 30, 2026.
| Meeting Parameter: | Details |
|---|---|
| Date: | March 13, 2026 |
| Start Time: | 11:00 a.m. (IST) |
| End Time: | 6:20 p.m. (IST) |
| Director Name: | Ms. Asha Kharga |
| DIN: | 08473580 |
| Position: | Non-Executive Non-Independent Director |
Stock Exchange Communication
The company communicated the resignation to both major stock exchanges where its equity shares are listed. The formal intimation included detailed regulatory disclosures as required under SEBI guidelines.
| Exchange Details: | Information |
|---|---|
| BSE Code: | 532313 |
| NSE Symbol: | MAHLIFE |
| ISIN: | INE813A01018 |
| Security Type: | Equity Shares |
Resignation Details and Timeline
Ms. Kharga submitted her resignation letter on March 4, 2026, citing her transition into a new role within the Mahindra Group as the reason for stepping down. In her resignation letter, she expressed that serving on the Board had been a privilege and acknowledged the thoughtful engagement and collaboration with Board members and the leadership team.
| Resignation Timeline: | Details |
|---|---|
| Resignation Letter Date: | March 4, 2026 |
| Effective Date: | March 13, 2026 |
| Reason: | Transition to new role within Mahindra Group |
| Board Meeting: | March 13, 2026 |
Company Secretary Confirmation
The regulatory intimation was signed by Bijal Parmar, Company Secretary & Compliance Officer, with digital signature authentication completed on March 13, 2026, at 18:48:07 +05'30'. The disclosure has been made available on the company's website under the investor center section for material disclosure intimations, ensuring transparency and accessibility for stakeholders.
Ms. Kharga concluded her resignation by extending best wishes to the Board and the entire team for continued success, formally requesting acknowledgment of receipt and necessary steps to implement her resignation.
Historical Stock Returns for Mahindra Lifespaces Developers
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.28% | -2.39% | -6.41% | -5.15% | +23.67% | +106.30% |
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