Reappointment of Mr. Navin Kumar Pansari as a Managing Director of Company
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The Board of Directors of Olympia Industries Ltd, at its meeting held on May 28, 2025, approved the reappointment of Mr. Navin Kumar Pansari (DIN: 00085711) as Managing Director for a further period of three years, effective from July 23, 2025. The reappointment is based on the recommendation of the Nomination and Remuneration Committee and is subject to shareholder approval. Mr. Pansari is a Fellow Chartered Accountant, holds a Commerce degree and an IIM-A qualification, with over 40 years of experience in business operations and marketing. The company confirmed that he is not debarred from holding a directorship by SEBI or any other authority.
This is a routine continuity announcement with no change in leadership; shareholders will need to approve the reappointment at a general meeting. It is unlikely to have any immediate material impact on the stock price.