Margo Finance Ltd. announced that the Board of Directors of the company at its meeting held on February 08, 2016, has accepted the resignation of Shri Sushilkumar Krishna Agrawal, Independent Director and relieved him from the office of the company on February 08, 2016. The Board of Directors in their meeting held on February 08, 2016 has appointed Shri Amit Kumar Rampal Singh, as Non-Executive Independent Director of the company with effect from February 08, 2016, subject to the approval of the shareholders.