OP Chains Limited, a company listed on the Bombay Stock Exchange (BSE: 539116), has announced the resignation of two Non-Executive Independent Directors from its board. The company, which specializes in the manufacture and sale of gold and silver ornaments, disclosed this information in a regulatory filing to the BSE.

Details of the Resignations

Mrs. Sohini Bansal (DIN: 09822553) and Mr. Nikhil Sundrani (DIN: 10710710) have stepped down from their positions as Non-Executive Independent Directors. Both directors cited personal reasons for their departures:

• Mrs. Bansal attributed her resignation to pre-occupation with other assignments.
• Mr. Sundrani cited personal and unavoidable circumstances as the reason for his departure.

The resignations are effective August 29, 2025.

Board Committee Changes

Mr. Sundrani's resignation extends to all board committees where he served as a member or chairman. This move will likely necessitate a restructuring of the company's board committees.

Confirmation of No Material Reasons

In compliance with regulatory requirements, both Mrs. Bansal and Mr. Sundrani have confirmed that there are no material reasons for their resignations other than those stated in their resignation letters. This disclosure is in line with the Securities and Exchange Board of India (SEBI) regulations on corporate governance.

Impact on Board Composition

The simultaneous departure of two independent directors may have implications for OP Chains Limited's board composition and corporate governance structure. The company has not yet announced any replacements for the outgoing directors.

Regulatory Compliance

OP Chains Limited has duly informed the BSE about these resignations, adhering to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company's Managing Director, Satish Kumar Goyal, signed the regulatory filing dated September 3, 2025.

Conclusion

As OP Chains Limited navigates this change in its board composition, investors and stakeholders will be watching closely to see how the company addresses these vacancies and maintains its corporate governance standards. The appointment of new independent directors, when announced, will be a key development to monitor.

OP Chains , a company listed on the Bombay Stock Exchange (BSE: 539116), has announced the resignation of its Internal Auditor, Mrs. Bhumika Parwani. The resignation, effective August 18, 2025, comes as Parwani cites preoccupation with other professional assignments.

Resignation Details

Mrs. Bhumika Parwani, a Practicing Chartered Accountant (Membership No: 463162), has served as the Internal Auditor for OP Chains. In her resignation letter dated August 18, 2025, Parwani stated that due to her involvement in other professional commitments, she would be unable to continue in her current role with the company.

Company's Response

The company's Managing Director, Satish Kumar Goyal, informed the stock exchange about this development in compliance with Regulation 30 of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015.

Key Points of the Resignation

• Effective Date: Mrs. Parwani will cease to act as the Internal Auditor of OP Chains from August 18, 2025.
• Reason: The resignation is attributed to preoccupation with other professional assignments.
• Confirmation: Parwani has confirmed that there are no material reasons for her resignation beyond those stated in her resignation letter.
• Audit Responsibilities: She will no longer be responsible for conducting internal audits for the company from the effective date.

Regulatory Compliance

OP Chains has duly informed the BSE about this change in compliance with SEBI regulations. The company has also provided additional details as required under SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015, and SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.

The resignation of an internal auditor is a significant event for any publicly listed company. While OP Chains has not announced a replacement for Mrs. Parwani, the company is expected to appoint a new internal auditor to ensure continued compliance with regulatory requirements and maintain robust internal control systems.