2nd-Jul-2012 09:42Source: NSE

Sobha Developers Limited

Sobha Developers Limited has informed the Exchange that the Board of the Directors of the Company at their meeting held on June 30, 2012 have: (1) Appointed Mr. Ravi Menon as Chairman of the Company; (2) Accepted Mr. P N C Menon''s request to relieve him from the day-to-day responsibilities of running the Company and his consequent resignation from the directorship of the Company with effect from June 30, 2012. In gratitude and acknowledgement of the immense contribution made by him and to ensure that the Company continues to benefit from his wisdom and guidance, the Board has appointed Mr. P N C Menon as ''Chairman Emeritus''. Further, the Company has submitted to the Exchange a copy of press release dated June 30, 2012 titled "Sobha Developers Ltd. Announces Leadership Changes to the Board".