Birla Capital & Financial Services Ltd. announced that the Board of Directors of the company at its Meeting held on May 15, 2012 appointed V. Subramonian as an Additional Director, Tushar Dey as an Additional Director, V. Subramonian as Whole time Director /Executive Director. The company also accepted resignation of B. L. Varma from the post of Director, Arun Singh from the post of Whole Time Director. The company accepted resignation of Krishna Palejwala from the post of Company Secretary.