Olympia Industries Bolsters Board with Two New Independent Directors

Olympia Industries Limited , a company listed on the Bombay Stock Exchange, has announced the appointment of two new Non-Executive Independent Directors to its Board, signaling a move to strengthen its corporate governance structure.

Key Appointments

The company has appointed Mr. Ritesh Gupta and Mr. Kamlesh Joshi as Non-Executive Independent Directors for a term of five years, effective from July 22, 2025, to July 21, 2030. These appointments were approved by shareholders at Olympia Industries' 36th Annual General Meeting (AGM), following recommendations from the Nomination and Remuneration Committee and the Board of Directors.

Profile of New Directors

Mr. Ritesh Gupta

Mr. Gupta is a practicing Company Secretary with extensive experience in corporate law matters, SEBI regulations, and compliance. He specializes in corporate compliances, secretarial practices, and due diligence.

Mr. Kamlesh Joshi

Mr. Joshi is a Fellow member of the Institute of Company Secretaries of India (ICSI) with over 25 years of corporate experience. His expertise spans secretarial, legal, finance, HR, procurement, imports/exports, and agri-chemical businesses. Mr. Joshi holds an M.Com. (Taxation) and LL.B. (Hons.) from Devi Ahilya University, Indore.

Corporate Governance Enhancement

Both Mr. Gupta and Mr. Joshi are not related to any existing directors of Olympia Industries, reinforcing the board's independence. The company has confirmed that neither director is debarred from holding directorial positions by any regulatory authority.

AGM Proceedings

The appointments were part of the proceedings of Olympia Industries' 36th AGM, held on July 22, 2025, via video conferencing. The meeting, which started at 11:00 a.m. and concluded at 11:25 a.m. (IST), saw the passage of seven resolutions, including the appointments of the new directors.

Company Outlook

These strategic appointments reflect Olympia Industries' commitment to enhancing its leadership team and corporate governance practices. The diverse expertise of the new directors is expected to contribute significantly to the company's future growth and compliance efforts.