JM Financial Limited informed that the following board members have ceased to be the independent directors of the Company upon completion of their second term as such, on July 2, 2022. Mr. E A Kshirsagar (DIN: 00121824); Dr. Vijay Kelkar (DIN: 00011991); Mr. Paul Zuckerman (DIN: 00112255); and Mr. Keki Dadiseth (DIN: 00052165).