Embassy Office Parks, India's largest real estate investment trust (REIT), announced on Tuesday that Aravind Maiya will step down as CEO of Embassy REIT, effective immediately. The decision comes shortly after Indian markets regulator SEBI directed Embassy ...

Aravind Maiya has resigned as CEO of Embassy REIT effective immediately, following Sebi's directive for his suspension due to a debarment for professional misconduct by NFRA

Embassy REIT announced CEO Maiya's resignation after SEBI issued a show-cause notice citing his disqualification following a 10-year audit ban

Sebi has directed Embassy Office Parks Management to suspend CEO Aravind Maiya due to a ten-year debarment from audit activities by NFRA for professional misconduct. This action aims to protect investors and ensure compliance with regulations regarding the fitness of management personnel.

The Securities and Exchange Board of India (Sebi) on Monday directed Embassy Office Parks Management Services, manager to the Embassy Real Estate Investment Trust (REIT), to suspend chief executive officer (CEO) Aravind Maiya due to lapses in the ‘fit and proper’ criteria.

Embassy REIT CEO Aravind Maiya steps down following SEBI's order to suspend him based on an NFRA ruling related to Coffee Day Enterprises audit lapses.

Aravind Maiya, the CEO of Embassy Office Parks Management Services that manages Embassy REIT, will step down from his post following market regulator Sebi's direction to suspend him and appoint an interim CEO immediately.

(Reuters) -Embassy Office Parks, India's largest real estate investment trust (REIT), said on Tuesday Aravind Maiya will step down as CEO of Embassy REIT with immediate effect, following the market regulator's decision that he is unfit for the role.