The Board of directors of Canopy Finance Ltd. at its meeting held on May 21, 2018 considered and approved the resignation of Mr. Nirav Jitendra Shah from the post of managing director of the company. The board also appointed Mr. Lalit Kumar Tapadia as additional director and further as Managing Director subject to the approval of shareholders at the upcoming Annual General Meeting. The board has approved the reconstitution of audit committee which will now comprise of Mr. Lalit Kumar Tapadia and Mehul Manubhai Shah and Vinita Agrawal.