O.P Chains Limited held its 25th Annual General Meeting on September 21, 2026, in Agra. The meeting concluded with the approval of key board appointments, including the regularization of directors and the adoption of financial statements for FY26.

Meeting Proceedings

The meeting commenced at 11:00 am and concluded at 1:00 pm. As of the record date on September 14, 2026, the company had 52 shareholders. A total of 6 shareholders participated in the meeting, comprising representatives from the promoter group and the public category.

Ashok Kumar Goyal, Chairman of the company, was unable to attend due to unavoidable circumstances. With member consent, Moon Goyal was elected to preside over the proceedings.

Board Appointments

Shareholders approved several ordinary resolutions regarding board composition and management roles. The key appointments included:

• Regularization of Moon Goyal as Executive Non-Independent Director
• Appointment of Moon Goyal as Whole-Time Director for a term of 5 years
• Re-appointment of Satish Kumar Goyal as Managing Director for a further term of 5 years
• Re-appointment of Ashok Kumar Goyal as Director by rotation
• Regularization of Swapnla Gupta and Praneeta Varshney as Independent Directors

Director Profiles and Relationships

The filing disclosed specific professional backgrounds and familial relationships among the appointed directors:

• Moon Goyal: Holds a graduate degree with over 21 years of experience in bullion trading and 14 years in real estate. He is the cousin brother of Managing Director Satish Kumar Goyal and Chairman Ashok Kumar Goyal.
• Satish Kumar Goyal: A graduate with over 42 years of experience in managing large corporations. He is the brother of Chairman Ashok Kumar Goyal.
• Ashok Kumar Goyal: Holds a Bachelor of Commerce degree from Agra University and has more than 45 years of experience in the gold and silver bullion industry. He is the brother of Satish Kumar Goyal.
• Swapnla Gupta: An accomplished Company Secretary with over 13 years of experience in corporate governance, SEBI/LODR compliance, and capital-market operations. She previously worked with Vacmet India Limited and Oyster Infraestate Private Limited.
• Praneeta Varshney: A Practising Company Secretary and Law Graduate with expertise in corporate governance, Companies Act compliance, and FEMA matters. She holds a B.A. LL.B (Hons.) degree.

Financial Statements

The members received, considered, and adopted the audited financial statements for the year ended March 31, 2026. The Company Secretary confirmed that there were no qualifications, reservations, or adverse remarks in the Auditors' Report or the Secretarial Auditor's Report.

Voting Details

Voting was conducted through remote e-voting via Bigshare Services Private Limited and ballot papers during the meeting. The remote e-voting period ran from September 18 to September 20, 2026. Results were declared by the Company Secretary and submitted to stock exchanges within two working days.

Op Chains has scheduled its 25th Annual General Meeting (AGM) for Monday, September 21, 2026. The meeting will be held at the company’s registered office in Agra to adopt the audited financial statements for FY26 and approve key director appointments.

AGM and Voting Schedule

The company issued the notice for the 25th AGM on August 24, 2026. Members holding shares as of the cut-off date, Monday, September 14, 2026, are eligible to vote. The voting process includes both remote e-voting and physical ballot options.

Members who cast their votes via remote e-voting before the AGM may attend the meeting but cannot vote again. Those attending physically can vote using a ballot form.

Book Closure Period

Pursuant to Section 91 of the Companies Act, 2013, the company will close its Register of Members and Share Transfer Books from Tuesday, September 15, 2026, to Monday, September 21, 2026 (both days inclusive). This closure facilitates the determination of shareholders entitled to attend and vote at the AGM.

Financial Performance for FY26

The AGM agenda includes adopting the financial results for FY26, which showed a sharp decline in core operations. Revenue from operations fell to ₹1,93,30,103.99 thousand from ₹8,18,42,852.80 thousand in FY25. Profit after tax declined to ₹1,03,39,097.45 thousand from ₹2,71,45,297.46 thousand. Total income was ₹3,46,40,763.99 thousand, supported significantly by other income.

What the Numbers Show

Other income constituted a major portion of the company's total earnings. Interest received from YTT Industries accounted for ₹1,53,10,660.00, which exceeded the revenue from operations of ₹1,93,30,103.99. This indicates a heavy reliance on interest income from related-party loans rather than core trading activities for profitability.

Board Appointments and Resolutions

The AGM agenda includes the regularization and re-appointment of several directors:

• Ashok Kumar Goyal: Re-appointment as Whole Time Director upon retirement by rotation.
• Moon Goyal: Regularization as Executive Non-Independent Director and appointment as Whole-Time Director for five years.
• Satish Kumar Goyal: Re-appointment as Managing Director for a further period of five years.
• Swapnla Gupta: Regularization as Independent Director for five years.
• Praneeta Varshney: Regularization as Independent Director for five years.

Corporate Governance Updates

The company disclosed changes in its independent director composition during the year. Mr. Nikhil Sundrani and Mrs. Sohini Bansal ceased to be directors effective August 29, 2025. They were replaced by Mrs. Swapnla Gupta and Mrs. Praneeta Varshney, appointed as Additional Independent Directors in November 2025.

Related party transactions were conducted at arm's length. Significant transactions included sales to O.P. Chains Company worth ₹1,42,09,472.00 and loans outstanding with YTT Industries Private Limited amounting to ₹23,16,60,294.00.