Shriram Transport Finance Company Limited announced that the tenure of Mr. S. M. Bafna as an independent director of the company will expire on March 31, 2019. Mr. Bafna has been non-executive director of the company for a period of more than 13 years since September 9, 2005. Mr. Bafna has expressed his willingness not to seek re-appointment as a Director of the company.