Mahindra & Mahindra Financial Services Limited announced resignation of Mr. Dhananjay Mungale as Chairman of the Board with effect from close of business hours on 1 April, 2021 and the appointment of Dr. Anish Shah as the Chairman of the Board, effective April 2, 2021. Mr. Mungale shall continue to be an Independent Director of the Company. The company appointed Dr. Rebecca Nugent as an Independent Director on the Board of Directors of the Company to hold office for a term of 5 (five) consecutive years commencing from 5 March, 2021 to 4 March, 2026; and appointment of Mr. Amit Raje as a Non Executive Non- Independent Director of the Company, liable to retire by rotation.