The board of directors of U. Y. Fincorp Limited meeting held on April 30, 2022, approved change in designation of Mr. Udai Kothari designated as Non-Executive Non Independent Director to Executive chairman & Managing Director of the company for a period of 3 years with effect from May 2, 2022 and Change in designation of Mr. Deepak Kothari from Executive Chairman & Managing Director to Non-Executive Non Independent Director.