Revised Disclosure and clarification on the query received from BSE on 25th July 2025.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Olympia Industries informed BSE that two Independent Directors, Mr. Pravin Kumar Shishodiya (DIN: 03011429) and Mr. Naresh Parsharam Waghchaude (DIN: 07240631), ceased to be on the board on July 22, 2025 after completing their second consecutive 5-year term. The company admitted that while the XBRL filing for the tenure completion was done on time, the PDF disclosure was inadvertently missed and was filed late on July 24, 2025. Separately, two new Independent Directors — Mr. Ritesh Gupta (DIN: 00223343), a practicing Company Secretary, and Mr. Kamlesh Joshi (DIN: 01783387), former CS at Khaitan Chemicals with 25+ years of experience — were appointed at the AGM for a 5-year term effective July 22, 2025 to July 21, 2030. The company has stated this delay was unintentional and is strengthening internal compliance systems to prevent recurrence.
No major operational impact for shareholders — board continuity is maintained with two experienced Independent Directors replacing the outgoing ones. However, the late disclosure and subsequent BSE query reflect weak compliance controls, which is a minor governance red flag for investors to monitor.