Tokyo Finance Limited announced that in view of demise of Mr. Tassadduq Ali Khan, Independent Director of the company, the Board of Directors of the company vide Circular resolution passed on July 21, 2020, have approved temporary appointment of Mr. Velji L Shah, Chairman of the Company as member of the Audit Committee, Nomination and Remuneration Committee and Stakeholder Relationship Committee till the time new Independent Director is appointed. The Board reconstituted the following Committees of the Board with immediate effect.