Mahindra & Mahindra Financial Services Limited announced the Board of Directors of the Company, at their Meeting held on 2nd February 2022, have approved and recommended the proposal for appointment of Mr. Siddhartha Mohanty (DIN: 08058830) as a Non-Executive Non-Independent Director on the Board of the Company, with effect from 1st April 2022, representing Life Insurance Corporation of India, to the Members of the Company for their approval. The Company would be seeking the approval of the Members of the Company for the appointment of Mr. Siddhartha Mohanty as aforesaid, through Postal Ballot, which was approved by the Board.