Hi Priya,
I've been away on leave, so only just saw this.
As our MyTimesheet application was a customer copy I resolved the issue by commenting out the code in the component-preload.js file.
I believe the main purpose of this file is to improve the performance/response times of the application, although in our case the application performs well for 2,500 users without the file. As an alternative the code in the component-preload.js file could be updated to reflect your changes.
Hope this helps,
Neil