Motilal Oswal Financial Services Limited announced that the Board of Directors of the Company at its Meeting held on December 24, 2020, has inter-alia, approved the appointment of Mrs. Swanubhuti Jain as Additional Director (Independent Director) on the Board of the Company with effect from December 24, 2020 for the term of 3 years that is to hold office from December 24, 2020 up to December 23, 2023, subject to approval of the shareholders at the ensuing General Meeting of the Company and approvals of all the stock exchanges, where Company is registered as Broker.