JM Financial Limited informed that Mr. Darius E Udwadia (DIN: 00009755) has tendered his resignation as an Independent Director of the Company with effect from October 20, 2021. The reasons stated by Mr. Udwadia in his communication intimating his resignation as an independent director, inter alia, are as under. He has recently completed 82 years. He wishes to spend whatever remaining time he may have with his spouse and family; giving more quality time.