Godrej Properties has informed that the Board of Directors at its meeting held on February 02, 2017 noted the resignation of Adi Godrej, Chairman who will step down from the position of the director with effect from April 01, 2017 and move away from active participation in the day to day functioning of the Company, He will, however, continue to provide high level support in the capacity of Chairman Emeritus. The Board has also re-designated Pirojsha Godrej as Executive Chairman of the Board with effect from April 01, 2017 and Mohit Malhotra, as Managing Director & Chief Executive Officer of the Company with effect from April 01, 2017. All other terms of appointment and remuneration of Pirojsha Godrej and Mohit Malhotra as approved earlier by the shareholders remain unchanged. In this regard, the Company has submitted a copy of Press Release dated February 02, 2017 titled ‘Godrej Properties Announces Leadership Changes’.
The above information is a part of company’s filings submitted to BSE.
