The Board of Directors on the recommendation of Nomination & Remuneration committee approved the appointment of Mr. Pawan Sharma as a Non-executive Non-Independent Director of the Company ....
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Pan India Corporation's board approved the resignation of Mr. Omprakash Ramashankar Pathak as Non-Executive Non-Independent Director with effect from May 5, 2025, citing personal time constraints. In his place, Mr. Pawan Sharma, who has experience in Administration and Real Estate, has been appointed as Non-Executive Non-Independent Director from the same date, subject to shareholder approval at the next general meeting. Mr. Sharma is not related to any existing director on the board. Separately, M/s. Pritika Nagi & Associates has been appointed as the company's Secretarial Auditor for an initial 5-year term covering FY 2025-26 through FY 2029-30, also subject to shareholder approval.
This is a routine board reshuffle with no disruption to operations. The new director's real estate background could align with the company's business interests, but the change is unlikely to move the stock price on its own.