Smart Finsec Limited at its board meeting held on August 9, 2017 approved the resignation of Mr. Rajesh Chawla as director with effect from July 31, 2017. The board also approved the appointment of Ms. Vimmi Sachdev as an additional director in the company with effect from August 1, 2017 and to hold the office up to the date of upcoming AGM of the company. The company also approved the appointment of Mr. Ajay Pahwa as an independent director with effect from August 1, 2017 is subject to approval of shareholders and the term of office shall be decided by shareholders at the upcoming AGM of the company.

The board approved the appointment of Mr. Sourabh Kumar as an chief financial officer, effective August 1, 2017.