Pilani Investment and Industries Corporation Limited at its Board meeting held on May 30, 2017, approved the resignation of R. P. Pansari as Managing Director of the company effective from May 7, 2017. On the recommendations of the Nomination and Remuneration Committee the Board has appointed R. P. Pansari as the Chief Executive Officer of the company in terms of provisions of Section 203 of the Companies Act, 2013 and Rules made thereunder effective from May 7, 2017. R. P. Pansari has vast experience of more than four decades in handling financial, legal, direct and indirect taxes, corporate law, secretarial and capital market related and managerial matters in large corporate House, Trusts and Societies.