HDFC Asset Management Company Limited announced the appointment of Rushad Abadan as an Additional Director on the Board of Directors of the company, liable to retire by rotation, effective from January 21, 2021. Mr. Rushad Abadan has been nominated by Standard Life Investments Limited (SLI), one of the Promoters of the company. Norman Keith Skeoch Non-Executive Director of the Company, one of the directors nominated by SLI, has tendered his resignation which shall be effective from the close of business hours of January 20, 2021. In his resignation letter he has stated that since he has retired from the board of Standard Life Aberdeen and stepped down as Chief Executive, he therefore deems it appropriate to also resign as a Non-Executive Director of the company. Mr. Skeoch has confirmed that there is no other material reason other than above for his resignation. The Board places on record its sincere appreciation for the contributions made by Mr. Skeoch during his long association with the company.