Poonawalla Fincorp Limited Announces Relinquishment of Sajid Fazalbhoy from the Position of Independent Director and Approves His Appointment as Non-Executive Non-Independent Director

Poonawalla Fincorp Limited announced that on the basis of recommendation of the Nomination and Remuneration Committee, the Board of Directors through resolution passed by circulation on 4 February 2022, have taken note of the relinquishment of Mr. Sajid Fazalbhoy (DIN: 00022760) from the position of Independent Director with effect from the close of business hours of 3 February 2022 and approved his appointment as an Additional Director in the capacity of Non-Independent Non-Executive Director of the Company with effect from 4 February 2022.