we are hereby attaching the fresh corporate announcement regarding cessation of Independent directors along with clarification of query raised by the stock exchange.
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O. P. Chains Ltd has informed BSE that two Non-Executive Independent Directors — Mr. Nikhil Sundrani (DIN: 10710710) and Mrs. Sohini Bansal (DIN: 09822553) — resigned from the board with effect from close of business on August 29, 2025. Both cited personal reasons and pre-occupation with other assignments, confirming no other material reasons for resignation. The company initially disclosed the resignations on September 3, 2025, relying on a 7-day disclosure window, but BSE flagged this as non-compliant with the SEBI circular requiring disclosure within 24 hours. The company has now submitted a clarification acknowledging the delay and confirming the disclosure has been re-filed as per applicable rules.
The simultaneous exit of two independent directors raises board composition and governance concerns, especially for a small-cap company. The late disclosure flag from the exchange is a minor negative governance signal that shareholders should monitor, though no operational or financial impact has been indicated.