The board of directors of Parnami Credits Limited at their meeting held on March 15, 2017, considered and approved the appointment of Mr. Rakeshchand M. Jain as Additional Director and Managing Director of the company; appointment of Ms. Meenal Baid Jain as an Additional Independent Director of the company; resignation of Ms. Sunita Malhotra from the Directorship of the company; and resignation of Mr. Amreesh Tyagi from the Directorship of the company.

The company also approved the opening of Corporate office of the company at Mumbai.