The Board of Directors of India Lease Development Limited at its meeting held on August 10, 2018, has received a letter dated August 10, 2018 from Arun Mitter, who has requested the Board to be relieved from the dual position of Chief Executive Officer (CEO) and Chief Financial Officer (CFO). The matter was considered and the Board decided to relieve Mr. Arun Mitter from the dual position of CEO and CFO and further decided to name the persons who shall hold the positions. It was accordingly decided that Ms. Sumana Verma and Mr. Rohit Madan shall hold the positions of CEO and CFO respectively.