Revised Announcement under Regulation 30(LODR)-Resignation of Director of Mr. Nikhil Sundrani (DIN: 10710710) and Mrs. Sohini Bansal (DIN: 09822553) wef 29.08.2025
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O. P. Chains Limited has informed the stock exchange that two Non-Executive Independent Directors, Mrs. Sohini Bansal (DIN: 09822553) and Mr. Nikhil Sundrani (DIN: 10710710), resigned from the board effective the close of business hours on August 29, 2025. Both cited personal and unavoidable reasons and confirmed there are no other material reasons for their exit. The company also submitted a clarification to BSE, acknowledging that it initially disclosed the resignations late and used a 7-day window under SEBI's LODR rules, when the correct requirement was to disclose within 24 hours as per SEBI's July 2023 circular. The Managing Director, Satish Kumar Goyal, remains in charge of the company.
The simultaneous departure of two independent directors on the same day could raise governance concerns, especially for a small-cap company, and may affect the composition of board committees. The delayed disclosure flagged by BSE adds to governance scrutiny but is not unusual for smaller companies and has now been rectified.