Management Change1 Oct 2026, 03:53 pm
Embassy Office Parks REIT: Two Independent Directors Cease Post-Term
AI Summary
Embassy Office Parks REIT has announced that Dr. Ranjan Pai and Mr. Vivek Mehra have ceased to be Non-Executive Independent Directors of its Manager, Embassy Office Parks Management Services Private Limited. This cessation is effective from the close of business hours on September 30, 2026, upon completion of their second five-year term, which commenced on October 1, 2021. They were re-appointed for this second term via a Special Resolution at an Extraordinary General Meeting on August 27, 2021. Consequently, they have also stepped down from any committee roles they held within the Manager's Board. The company expressed gratitude for their contributions.
Key Highlights
- Two Non-Executive Independent Directors have completed their tenure.
- Cessation is effective September 30, 2026, after completing a second term.
- Directors were re-appointed in August 2021 for a five-year term.
- They have also resigned from board committees.
- Company thanks directors for their guidance and contributions.
Price Impact
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