Mahindra Lifespace Developers Ltd has informed BSE that as the services of Mr. Pawan Malhotra, Managing Director (MD) of the Company are being transferred to the holding company, Mahindra & Mahindra Ltd (M&M), he has submitted his resignation to the Board from the position of the Managing Director and as a Director of the Company to take effect from June 23, 2009.
The Board in its meeting held on June 23, 2009 while accepting resignation of Mr. Pawan Malhotra put on record its appreciation for the contribution made by Mr. Pawan Malhotra during his tenure.
The Board at the same meeting appointed Ms. Anita Arjundas as an Additional Director and subject to requisite approvals, appointed Ms. Anita Arjundas as the Managing Director and designated her as "Managing Director & Chief Executive Officer" for a period of five years with effect from June 23, 2009.
| NIFTY 
