Merchant Bank of Sri Lanka & Finance PLC announced that at its board meeting held on July 16, 2020, accepted the resignation of S. Lokuhewa, Chairman/Non Executive/Non-Independent Director, S N Dayaratne, Non-Executive/Independent Director (Senior Director), S Arsakularatne, Non-Executive/Independent Director, K B S Bandara, Non Executive/Non Independent Director and G. A. Jayashantha, Alternate Director. The company also approved the appointment of M Anura Perara - Protem Chairman/Non Executive/Non-Independent Director, Dr. N Sampth Punchihewa as Non Executive/Independent Director and Mr. Welitotage Nihal Premasiri Surawimala as Non Executive/Non Independent Director.