<h1>Optimus Finance Ltd Reappoints Dipak Raval as Whole Time Director for Five Years</h1>
Optimus Finance Ltd has approved the re-appointment of Mr. Dipak Raval as a Whole Time Director. The appointment follows the conclusion of his previous term and sets new tenure details, effective from August 10, 2026, with subject to shareholder approval.
The Board of Directors confirmed the re-appointment at a meeting held on August 8, 2026. Mr. Raval will serve for a further period of five years, extending his role until August 9, 2031. This tenure includes continuation in office beyond his age of 70 years and is subject to the approval of the company's shareholders.
The terms of the re-appointment are summarized below:
| Particular | Details |
|---|---|
| Director Name | Mr. Dipak Raval |
| Previous Term End Date | August 9, 2026 |
| Re-appointment Start Date | August 10, 2026 |
| Re-appointment Term | Five years (until August 9, 2031) |
Mr. Dipak Raval is a Whole Time Director with considerable experience in the financial and regulatory sectors. Aged 66, his qualifications include a Graduate degree in Commerce and Law, fellowship of the Institute of Company Secretaries of India (ICSI), New Delhi, and certification as an Associate of The Indian Institute of Bankers (CAIIB).
He brings more than four decades of experience to the company, specializing in areas such as Corporate Laws, Securities Laws, Banking & Finance, Secretarial matters, and Compliance. His previous senior-level positions include Managing Director and CEO at Vadodara Stock Exchange, and holding roles as General Manager and Company Secretary with listed companies.
The disclosures confirm that Mr. Raval is not related to any other director of Optimus Finance Ltd.
Stock Price Movement
Optimus Finance Ltd shares concluded trading on Friday having slipped by 0.33% to settle at ₹12.02. Throughout the session, the stock traded within a range established by a low of ₹11.75 and a high of ₹12.27.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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