The Board of Directors of Tourism Finance Corporation of India Limited has approved appointment of Shri B. M. Gupta, Executive Director as Additional Director and Whole-Time Director subject to prior approval of RBI for a tenure with effect from the date of approval of RBI till September 30, 2019 or the date of next Annual General meeting whichever is later subject To Approve the shareholders in the next Annual General Meeting. Shri Gupta shall cease to be manager of the company with effect from the date of approval of RBI for appointing him as Additional Director and Whole-Time Director.