TCI Finance Limited announced that the Board of Directors of the company at its meeting held on September 12, 2019 has approved the appointment of Mr. Ashok Kumar Goyal as an Additional Director (Independent Category) of the Company as recommended by the Nomination and Remuneration Committee with effect from September 12, 2019 who shall hold upto the conclusion of next Annual General Meeting. Also took note of cessation of Mr. S M Jalan as an Independent Director of the Company, effective September 24, 2019. In view of Appointment of Mr. Ashok Kumar Goyal and Cessation of Mr. S M Jalan, the Board has approved the reconstitution of the following committees of the Board with the members as: Audit Committee-Ashok Kumar Goyal as chairman; Dhanpat Ram Agarwal and Meera Madhusudan Singh as members; Nomination and Remuneration Committee-Ashok Kumar Goyal as chairman; Mahendra Kumar Agarwal and Dhanpat Ram Agarwal as members; and Stakeholder Relationship Committee-Dhanpat Ram Agarwal as chairman; Ashok Kumar Goyal and Meera Madhusudan Singh as members.