O.P Chains has appointed Moon Goyal as an Additional Director in the executive category and as a Whole-time Director (WTD), effective August 12, 2026. The Board of Directors approved the dual appointment during its meeting held on Wednesday, August 12, 2026, at its registered office in Agra. Goyal’s tenure as WTD spans five years, concluding on August 11, 2031, while his role as Additional Director remains valid until the conclusion of the ensuing Annual General Meeting (AGM). Both appointments are subject to final ratification by shareholders at the upcoming AGM.

The appointments were made pursuant to Regulation 30 of the Securities and Exchange Board of India (SEBI) (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Schedule III. The company also cited compliance with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated January 30, 2026. The Nomination and Remuneration Committee recommended the appointments to the Board prior to their approval.

Goyal brings over 21 years of experience in bullion trading and more than 14 years in the real estate business to the role. He holds a graduate degree and is described as having expertise in business development and managing complex corporate issues. At 45 years old, he is the son of Late Shri Om Prakash Agarwal.

The filing discloses significant familial relationships within the company’s leadership. Moon Goyal is the cousin brother of Satish Kumar Goyal, the Managing Director, and Ashok Kumar Goyal, the Chairman and Whole-Time Director. This consolidation of executive roles within the family structure marks a notable shift in the company’s governance composition.

Appointment Details

Satish Kumar Goyal, Managing Director, signed the intimation letter submitted to the BSE Limited Corporate Compliance Department on August 12, 2026.

O.P Chains has accepted the retirement of Mr. Moon Goyal as Whole-Time Director, effective June 03, 2026, following the completion of his tenure. The company filed this intimation with the Bombay Stock Exchange on July 29, 2026, acknowledging a significant delay in reporting the change in management. This late disclosure raises questions about the company’s internal compliance mechanisms and its ability to meet strict regulatory timelines set by the Securities and Exchange Board of India (SEBI).

The filing was submitted under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated January 30, 2026. O.P Chains explicitly stated that the intimation could not be submitted within the stipulated time due to "administrative oversight." The company described the current submission as "corrective compliance" and assured that adequate measures have been put in place to ensure timely disclosures in the future.

Key Details of the Retirement

The cessation of Mr. Goyal’s role marks the end of his term as a director at the Agra-based chain manufacturer. The details provided in the regulatory filing are outlined below:

Compliance and Oversight

The delay between the effective date of retirement (June 03, 2026) and the date of filing (July 29, 2026) constitutes a breach of standard listing obligations, which typically require prompt disclosure of changes in board composition. The letter, signed by CS Amit Kaur Lamba, the Company Secretary and Compliance Officer, expresses regret for the delay.

While the company has now taken steps to place the matter on record, the admission of administrative oversight is material for investors monitoring corporate governance standards. The filing confirms that Mr. Goyal ceased to be a Whole-Time Director with effect from June 03, 2026, and no further profile information or relationship disclosures were required as per the annexure guidelines for resignations or retirements due to tenure completion.