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| Exchange Received Time 12/12/2018 20:45:00 Exchange Disseminated Time 12/12/2018 20:45:03 Time Taken 00:00:03 | 2. Also, pursuant to Regulation 30 read with Schedule III Part A Para A(7) of SEBI (LODR) Regulations, 2015, we also wish to inform that Mr Saurabh Chawla, Group CFO, DLF Ltd, has expressed his wish to move on, in his desire for exploring new professional opportunities and tendered his resignation. The Board of Directors and Audit Committee of the Board, while accepting the resignation, placed on record their deep sense of appreciation to Mr. Saurabh Chawla for his distinguished services over the last 12 years in various responsibilities.
The Board and Audit Committee also decided that Mr Ashok Kumar Tyagi, Whole-time Director, who was the Group CFO till December 2017, will assume responsibility and functions of the Group CFO and will work with Mr. Saurabh Chawla to ensure a seamless transition. It is anticipated that the transition should be completed by end of January 2019.
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