Motilal Oswal Financial Services Limited announced at the AGM had approved the appointment of Mr. Chitradurga Narasimha Murthy, Mr. Pankaj Bhansali and Mrs. Divya Momaya as an Independent Directors of the company for a term of 3 years from July 01, 2020 to June 30, 2023. The company also announced that due to completion of 2nd term as an Independent Directors of the company in the AGM, Mr. Vivek Paranjpe, Mr. Praveen Tripathi and Mrs. Sharda Agarwal ceased to be Independent Directors of the Company from the conclusion of the AGM, cessation effective from July 30, 2020.