Emaar India Witnesses Leadership Transition

Emaar India Leadership and Financial Updates

Resignation of Mr. Mohamed Ali Rashed Alabbar

Emaar India, in accordance with the legal criteria established in Regulation 51(2) of the SEBI (Listing Obligations and Disclosure Criteria) Regulations, as well as Part B of Schedule III, has recently made substantial changes to its leadership and financial reporting.

Mr. Mohamed Ali Rashed Alabbar has publicly resigned from his position as Director of Emaar India, effective January 31, 2024. This departure, in accordance with legal requirements, represents a significant change in the company's board composition.

Board Meeting for Financial Approval

Furthermore, in accordance with Regulation 50(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, Emaar India has scheduled a critical meeting of its Board of Directors for Monday, February 12, 2024. Among the important agenda topics is the discussion and approval of the unaudited financial figures for the quarter ending December 31, 2023.

Appointment of Dr. Ahmed Abdulrahman Abdulrahman Albanna

Emaar India announces the appointment of Dr. Ahmed Abdulrahman Abdulrahman Albanna as a Director of the firm, in accordance with Regulation 51(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations and Part B of Schedule III. On February 12, 2024, the Board of Directors confirmed this appointment, as recommended by the Nomination and Remuneration Committee, with immediate effect.

Financial Results Approval

Furthermore, expanding on earlier statements published on February 5, 2024, Emaar India's Board of Directors officially accepted the Un-audited Standalone Financial Results for the quarter ending December 31, 2023, at a meeting held today. In compliance with Regulations 52 and 54 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the 'Listing Regulations'), copies of these results, together with the Limited assessment Report, have been attached for full assessment.

Commitment to Excellence

These recent leadership changes and financial updates demonstrate Emaar India's commitment to openness and regulatory compliance. As the firm navigates these developments, it is committed to providing value to stakeholders while maintaining the highest levels of corporate governance.

Emaar India hopes to use these strategic moves to further its objective of excellence in the real estate business.