Mahindra Lifespace Developers Ltd. — Board/Management Information 2021

Mar 23, 2021

23rd March, 2021

BSE Limited	National Stock Exchange of
Corporate Services,	India Limited
Piroze Jeejeebhoy Towers, Dalal	Exchange Plaza,
Street, Mumbai -01	Bandra Kurla Complex,
Listing: http://listinq.bseindia.com	Bandra (East), Mumbai 400051

Re:

Security		BSE	NSE	ISIN
Equity	532313		MAHLI FE	INE813A01018
Shares

Dear Sirs/ Madam

Sub · Appojntment 0t Non-Execytjye Non-lndependent Qirector

Pursuant to the provisions of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirement) Regulations, 2015 ["SEBI LODR"], we wish to inform you that the Board of Directors at its meeting held today, 23rd March, 2021, inter-alia, approved appointment of Mr. S. Durgashankar (DIN 00044713), as an Additional Non-Executive Non-Independent Director effective 23rd March, 2021.

The relevant details pertaining to appointment of Mr. S. Durgashankar pursuant to Regulation 30 of the SEBI LODR read with SEBI circular no. CIR/CFD/CMD/4/2015 dated 9th September, 2015 is enclosed as Annexure A.

Further, as per BSE and NSE circular dated 20th June, 2018, it is affirmed that Mr. S. Durgashankar who is appointed as an Additional Non-Executive Non-Independent Director effective 23rd March, 2021,is not debarred from holding the office of director by virtue of any SEBI order or any other such authority.

The said intimation will be available on the website of Stock Exchanges and on the website of the Company at https://www.mahindralifespaces.com.

Thanking you

For Mahindra Lifespace Developers Limited

Ankit Shah Assistant Company Secretary & Compliance Officer ACS26552

Mahindra Lifespace Developers Ltd.

CIN: L45200MH1999PLC118949

Mahindra Towers. 5th Floor. Dr. G. M. Bhosale Marg Worli, Mumbai 400 018. India Tel: +91 22 6747 8600/8601

www.mahindralifespaces.com

ANNEXURE A

Reason for change – Appointment	Appointment of Mr. S. Durgashankar, as
	anAdditionalNon-Executive
	Non-IndependentDirectoreffective
	23rd March, 2021.
Date of appointment and term of	Appointmenteffectivefrom
Appointment	23rd March, 2021. He will be liable to retire
	by rotation.
Brief profile	Mr.S.Durgashankar(Durga),a
	CharteredAccountant,iscurrently
	President - Group Controller of Finance &
	Accounts and Member of the Group
	Executive Board at Mahindra & Mahindra
	Ltd. (M&M).He is also Chairman of
	Mahindra Integrated Business Solutions
	Pvt.Ltd.,MahindraNorthAmerican
	Technical Centre Inc. USA and Mahindra
	Vehicle sales and Service Inc. USA. He
	also serves on the Boards of many Group
	entities, listed & unlisted, domestic &
	international.
	Prior to his current assignment, he was
	President-GroupM&A,Corporate
	Accounts&GroupSecretarialand
	Member of the Group Executive Board
	and was instrumental in setting up the
	Mergers & Acquisitions (M&A) division at
	M&M. The M&A division at M&M has
	successfullycompletedover125+

Inorganic transactions both (Domestic and International) for the Group. At M&M he has held various senior positions including as Corporate Treasurer and Head of Investor Relations. He was the CFO of Mahindra Satyam, when it was taken over by the Mahindra Group and was responsible for the company becoming current with respect to its Indian GAAP reporting requirements.

Before joining M&M Group he was the Group CFO of a group of businesses with interest in the power sector, listed in AIM & NSE exchanges, where he played a key role in the parent company of that Group getting listed at the NSE. Earlier he headed one of the Strategic Business Units of a Bank where he acquired rich experience in project evaluation, lending and corporate restructuring. He has served / serving as nominee Director on the board of various listed/ unlisted companies.

During his overall work experience of over 35 years, he has handled a wide spectrum of M&A, Corporate Finance and Investor Relations assignments, at senior levels.

	He is an Alumni of Harvard Business
	School where he had attended the
	Advanced Management Program. He is
	also a speaker at many fora, including at
	IndianInstitute of Management
	Ahmedabad & Nagpur on varied topics in
	Finance, Governance & onM&A.
	Business Disruption. He was the recipient
	of CFO 100 Awards in 2010, 2013 and
	2014 for his contribution to Corporate
	Finance in the area of M&A. He was also
	the recipient of CFO India League of
	Excellence Award in March 2015.
Disclosure of relationships between	Mr. S. Durgashankar is not related to any
Directors	directors of the Company.

Mahindra Lifespace Developers Ltd. CIN: L45200MH1999PLC118949 Mahindra Towers, 5th Floor, Dr. G. M. Bhosale Marg Worli, Mumbai 400 018, India

Tel: +91 22 6747 8600/8601

www.mahindralifespaces.com