OP Chains Limited, a company listed on the Indian stock exchange, has announced changes to its leadership structure, appointing two new Independent Directors and an Internal Auditor. These appointments, approved by the company's Board of Directors, are set to take effect from November 27, 2025, subject to shareholder approval.

Board Appointments

The company has appointed Mrs. Swapnla Gupta and Mrs. Praneeta Varshney as Additional Independent Directors, each for a term of five years. These appointments are subject to shareholder approval and are part of the company's efforts to strengthen its corporate governance structure.

New Internal Auditor

Following the resignation of the previous internal auditor, the Board has approved the appointment of Mr. Aman Parashar as the new Internal Auditor for the financial year 2025-2026.

Financial Position

While these appointments focus on governance and internal controls, it's worth noting OP Chains Limited's financial position based on the most recent balance sheet data:

The company has shown growth in total assets and equity over the past year, despite a decrease in current assets. The increase in current liabilities, while still relatively low, may be an area for the new appointees to address.

These appointments and the company's financial position suggest that OP Chains Limited is focusing on strengthening its governance structure while managing its financial growth. The new Independent Directors and Internal Auditor may play roles in guiding the company's strategic decisions and ensuring internal controls in the coming years.

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.