SMIFS Capital Markets Limited announced that Mr. Saibal Chandra Pal, Company Secretary-cum-Vice President (Legal) & Compliance Officer will be vacating his office on January 31, 2013 on attaining the age of superannuation. The Board of Directors in their meeting held on January 29, 2013, has considered and approved Mr. Saibal Chandra Pal decision. Thus, he will no longer be associated with the company with effect from February 1, 2013.