Prime Property Development Corporation Ltd. announced that the Board of Directors of the company at its meeting held on August 14, 2014, has approved that Mr. K. Nalinakshan an Independent Director will cease to be a director effective September 27, 2014. Mr. Alok Chowdhury, Whole time Director and CEO, resigns as Wholetime Director effective August 15, 2014. Mr. Brijesh Patel has been appointed as Chief Financial officer of the company effective August 14, 2014.