SMIFS Capital Markets Limited at its board meeting held on May 28, 2019 considered the recommendation made by the NRC in respect of change in designation and promotion of Mr. S.Banerjee from CFO-cum- Assistant Vice President (Finance & Taxation) to from CFO-cum-Vice President(Finance & Taxation) and term of appointment of Mr. Tarun Kumar Chakraborty, VP- Debt was extended for a period of 1 year from November 1,2019 till October 31,2020.