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Ansal Properties CEO Deepak Mowar Resigns from Key Positions
Team Finance Saathi
27/Dec/2024
What's covered under the Article:
- Deepak Mowar resigns from multiple leadership positions at Ansal Properties.
- The resignation takes effect from December 26, 2024, due to personal reasons and career change.
- Detailed disclosure filed with the stock exchanges in compliance with SEBI regulations.
In a significant corporate development, Deepak Mowar, the Managing Director, Chief Executive Officer (CEO), and Director of Ansal Properties & Infrastructure Ltd., has tendered his resignation from these positions, effective from the closing hours of December 26, 2024. Mowar, who has been at the helm of the company, cited personal reasons and a decision to pursue career opportunities outside the company as the primary motivation behind his decision. The resignation includes his departure from any committees of the board he was part of.
This resignation was formally communicated to the Board of Directors and stock exchanges on December 26, 2024. In his resignation letter, Mowar expressed gratitude towards the board members and wished the company continued success in the future. He also clarified that there were no other reasons for his departure, reinforcing the personal nature of his decision.
In compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Ansal Properties has filed the requisite disclosure with the National Stock Exchange and BSE. The resignation letter, which was sent via email, was subsequently shared with the stock exchanges, ensuring transparency and adherence to regulatory norms.
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