Paarth Deepak Chheda appointed Executive Director for 5 years; Roopa Anand Pandit resigns as Non-Executive Non-Independent Director

Board changes effective October 01, 2026.

Thu 1 Oct 2026

New Executive Director

Mr. Paarth Deepak Chheda appointed Executive Director

Term Duration

5 years (Oct 01, 2026 to Sep 30, 2031)

Approval Date

12th AGM held on September 29, 2026

Director Resignation

Mrs. Roopa Anand Pandit resigned as Non-Executive Non-Independent Director effective October 01, 2026

What was announced

The company intimated the exchanges about two changes in its board, both effective October 01, 2026.

Appointment

• Mr. Paarth Deepak Chheda appointed as Executive Director, liable to retire by rotation.
• Term: 5 years, from October 01, 2026 till September 30, 2031.
• Approved by shareholders at the 12th Annual General Meeting held on September 29, 2026 through video conferencing, in continuation of the board meeting outcome dated September 01, 2026.
• Profile: graduated as an architect from the Illinois Institute of Technology, Chicago; has been with Lotus Developers for almost a decade, working on technology, value addition and contemporary design across the portfolio.
• Relationship: son-in-law of Mr. Anand Pandit, MD and Chairman, and of Mrs. Roopa Pandit; spouse of Ms. Ashka Pandit, Executive Director.

Resignation

• Mrs. Roopa Anand Pandit resigned as Non-Executive Non-Independent Director with effect from October 01, 2026.
• Reason stated: pre-occupation and other personal commitments.
• She also ceases to be a member of the Nomination and Remuneration Committee.
• In her resignation letter she confirms there are no material reasons other than those stated.
• She is the wife of Mr. Anand Kamalnayan Pandit, related to the Promoter-MD.

How to read it

This is a routine governance intimation under Regulation 30. It reflects a promoter-family board reshuffle: a long-standing family member in an operating role moves onto the board in an executive capacity, while another family member steps off the board for personal reasons. No financial impact figures accompany the change.

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