Siel Financial Services Ltd. has announced that the board of directors of the company at its meeting held on November 09, 2015 has approved the appointment of Mr. Madhu Vrat Kaushik as an Additional Director on the board of directors of the company with effect from November 09, 2015 and accepted the resignation of Mr. Bharat Bhushan Mehta, Director & Compliance Officer of the company with effect from November 09, 2015. The company also appointed Madhu Vrat Kaushik as Compliance Officer of the company with effect from November 9, 2015 in place of Mr. Bharat Bhushan Mehra.