Manappuram Finance Limited, at the Board of Directors meeting held on February 27, 2020 appointed Shailesh Jayantilal Mehta as Additional Director of the company with effect from February 27, 2020 to hold office till the conclusion of the next Annual General Meeting/Postal Ballot and subject to the approval of the members, he shall be appointed as an Independent Director to hold office for a term up to five consecutive years.