JM Financial Limited announced that Mr. Nimesh Kampani, who is currently the Managing Director of the company has voluntarily announced his decision to step down from the executive role of the company with effect from September 30, 2016 on his attaining 70 years of age and as a part of succession planning at the company. The original term of Mr. Kampani as the Managing Director as per his contract is up to March 31, 2017. This will now end on September 30, 2016. Mr. Kampani will continue to be the non-executive Chairman of the company as well as of the Group. He will also continue to be a director on the Board of a few group companies at JM Financial. The company appointed Mr. Vishal Kampani as the Managing Director of the company with effect from October 1, 2016. Mr. Vishal Kampani who is currently a non-executive director of the company, is actively engaged with various businesses at JM Financial Group since last two decades.