Two Non-Executive Independent Directors of the REIT's Manager cease on completion of second term

Embassy Office Parks REIT has informed the exchanges that two Non-Executive Independent Directors of its Manager have ceased to hold office.

Thu 1 Oct 2026

Directors Ceased

Dr. Ranjan Pai and Mr. Vivek Mehra

Effective Date of Cessation

close of business hours on September 30, 2026

Reason for Cessation

completion of their second term

Second Term

five (5) consecutive years from October 01, 2021 until September 30, 2026

Re-appointment Route

Special Resolution at an Extraordinary General Meeting held on August 27, 2021

What has been intimated

The Manager to Embassy Office Parks REIT, Embassy Office Parks Management Services Private Limited, has informed the stock exchanges that two of its Non-Executive Independent Directors have ceased to hold office.

• Dr. Ranjan Pai and Mr. Vivek Mehra have ceased to be Non-Executive Independent Directors of the Manager.
• The cessation takes effect from the close of business hours on September 30, 2026.

Why they ceased

The stated reason is completion of their second term, not a resignation or a removal.

• They were re-appointed by the Members of the Company through a Special Resolution at an Extraordinary General Meeting held on August 27, 2021.
• That second term was for a period of five (5) consecutive years, commencing from October 01, 2021 until September 30, 2026.

What else changes

Alongside the board position, their committee roles end.

• They have also ceased to be chairpersons or members of the Committees of the Board of the Manager on which they served, with effect from the same date.

The Board's acknowledgement

The Board of Directors of the Manager has placed on record its sincere appreciation for the valuable guidance and contribution of Dr. Pai and Mr. Mehra during their tenure.

How to read this for the REIT

• These are directorships in the Manager - the entity that manages the REIT - and not a change in the REIT's assets, tenants or lease arrangements.
• The intimation is about a change in the composition of the Manager's board and its committees.
• It carries no monetary figure, no distribution or payout number, and no unit-holder action is sought.
• The cessation is stated to be on time-based completion of tenure.

The disclosure is an intimation to the exchanges under the REIT and listing regulations, and the subject line describes it as an intimation of cessation of Independent Directors of the Manager upon completion of tenure.

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