There is no alarm light in the schematic.
If replacing the chip fixed it, then it sounds as if the chip got damaged, probably due to overvoltage.
Hi user6350528,
I agree with Clemens. TP4 and TP7 are likely responsible to drive the LEDs. The voltage amplitudes at TP7 and TP4 depend on the potential resistor setting. The output of the circuit gets readily saturated in both TL031 and LM358P.
Since LM358P is in DIP package (seems to be placed on a socket), replace LM358P on the "bad" board, you should know which op amp is likely damaged. It is also that nothing is damaged due to the potential voltage settings. In other words, turn the pot slightly one way to turn on one LED; opposite direction will turn on the other LED due to the integrator.
If you have other questions, please let me know.
Best,
Raymond