Mahindra Lifespace Non-Executive Director Ms. Asha Kharga Resigns Effective March 13, 2026

Board Change at Mahindra Lifespace Developers

Mahindra Lifespace Developers Limited 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.

Regulatory Disclosure and Formal Notice

The Board of Directors convened on Friday, March 13, 2026, spanning from 11:00 a.m. IST to 6:20 p.m. IST. 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. The announcement was made pursuant to the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

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.

Background and Leadership Position

Asha Kharga is the Chief Customer & Brand Officer for the Mumbai based Mahindra Group, responsible for stewarding the Corporate Brand and building organisation capability to repivot brands on customer experience. She is on the Group Executive Board and oversees Corporate Communications, the Strategic Digital Intelligence Cell and Mahindra Racing.

With 25 years of experience spanning FMCG, financial services and advertising, she joined the Mahindra Group from Axis Bank where she was the Executive Vice-President and Group Chief Marketing Officer. Before Axis Bank, she was with Unilever for almost a decade in a variety of brand and marketing roles.

About Mahindra Lifespace Developers

Mahindra Lifespace Developers Ltd. is an Indian real estate and infrastructure development company headquartered in Mumbai, founded in 1994 and part of the Mahindra Group. Its development footprint spans 38.49 million square feet of completed, ongoing and forthcoming residential projects across seven Indian cities; and over 5000 acres of ongoing and forthcoming projects under development at its integrated developments and industrial clusters across four locations.