Olympia Industries Ltd. has informed that the Board of Directors have appointed Mr. Navin Pansari as Managing Director with effect from July 23, 2016 as his present term of Whole - Time Director of the Company is expiring on July 22, 2016. Mr. Navin Pansari's appointment as Managing Director is subject to approval of Shareholders at the upcoming Annual General Meeting of the Company. Further the Company has informed that, Mr. Navin Pansari is not related to any of the Directors of the Company.