Mahindra & Mahindra Financial Services Limited announced Mr. Siddhartha Mohanty, Non-Executive Non-Independent Director, representing Life Insurance Corporation of India (LIC) on the Board of the Company has vide letter dated May 12, 2023, intimated the Company about his resignation from the Board of the Company with immediate effect from May 12, 2023, as he has taken charge as Chairperson of LIC.