Disclosure under Reg 30 - Completion of Tenure
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Olympia Industries has informed the stock exchange that two Independent Directors — Mr. Pravin Kumar Shishodiya (DIN: 03011429) and Mr. Naresh Parsharam Waghchaude (DIN: 07240631) — have ceased to be directors of the company effective July 22, 2025. Both directors completed their second consecutive 5-year term as Independent Directors at the close of business on that date. The disclosure is filed under SEBI's Listing Obligations and Disclosure Requirements (Regulation 30), and no new appointments have been announced in this filing. The company has not indicated any reasons other than the natural end of their tenure.
This is a routine, planned board change with no negative implications for shareholders. Investors should watch for announcements on the appointment of new Independent Directors to fill the two vacant board seats, as a fully constituted board with adequate independent representation is required under SEBI rules.