Poonawalla Fincorp Limited announced that on the basis of recommendation of the nomination and remuneration committee, the board of directors through resolution passed by circulation on 15 January 2022, have approved the appointment of Mr. Sanjay Kumar and Mr. G. Jagan Mohan Rao, as Additional Directors in the capacity of Independent Non-Executive Director of the Company with effect from 15 January, 2022 on the Board of the Company subject To Approve the shareholders. With their appointment, the Board of the Company shall now comprise of eight directors, of which more than half of the Board shall consist of Independent Directors.