DLF Limited Announces Resignation of Senior Management Executive

GURUGRAM, India – January 30, 2025 – DLF Limited (NSE: DLF, BSE: 532868) has announced the resignation of Col. Deepak Bakshi, Group Head - Health, Safety, Security, and Environment, categorized as Senior Management Personnel, under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
In an official filing with the BSE and NSE, DLF Limited stated that Col. Bakshi tendered his resignation on January 29, 2025, citing personal reasons. The company’s HR Department received the formal intimation at 16:57 Hrs IST on the same day.
As per the disclosure, Col. Bakshi will continue in his current role until April 29, 2025, before his official departure from the company.

Corporate Announcement Details:​

The company has not disclosed a replacement for the position yet.

Implications & Industry Perspective​

As a key executive overseeing health, safety, and security protocols, Col. Bakshi played a crucial role in ensuring operational compliance within the company's real estate and commercial projects. His departure marks a notable shift in the company’s leadership, and investors may closely watch for updates on succession planning.

Company Outlook​

DLF Limited, India's largest real estate developer, has been focusing on expanding its commercial and residential portfolio while strengthening environmental, social, and governance (ESG) compliance. While the impact of this leadership change remains to be seen, the company is expected to announce a successor soon.