JM Financial Limited at its board meeting held on September 22, 2021, announced appointment of Mr. Adi Patel as an additional director with effective October 1, 2021 and as the Joint Managing Director of the company for a period of up to 3 years with effect from October 1, 2021. The company also appointed Mr. Atul Mehra as an additional director of the Company and Joint Managing Director of the Company for a period of up to 3 years with effect from October 1, 2021. The company also appointed Mr. Vishal Kampani as the non-executive Vice Chairman of the Company with effect from October 1, 2021. The five year term of Mr. Vishal Kampani as the Managing Director (the "MD") of the Company is coming to an end on September 30, 2021 and he has voluntarily decided not to get re-appointed as the MD in line with the requirement of regulation 17(1B) of the Listing Regulations coming into effect from April 1, 2022, which requires that the Chairman not be related to the MD. Mr. Vishal Kampani is a relative (son) of Mr. Nimesh Kampani, who is the non-executive Chairman of the Company and hence this decision.