Appointment of Independent Directors.
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Olympia Industries has appointed two new Non-Executive Independent Directors following approval at its 36th Annual General Meeting on July 22, 2025. Mr. Ritesh Gupta (DIN: 00223343), a Practicing Company Secretary with expertise in corporate law and SEBI regulations, has been appointed for a 5-year term. Mr. Kamlesh Joshi (DIN: 01783387), a fellow member of ICSI with over 25 years of corporate experience including senior roles at Khaitan Chemicals and Fertilizers Ltd, has also been appointed for a 5-year term. Both directors are not related to any existing director and are not debarred by SEBI from holding directorship.
This is a routine governance announcement that strengthens the board with two qualified independent directors, which is generally viewed positively for corporate governance. No direct impact on stock price is expected from this filing alone.