36TH ANNUAL REPORT OF OLYMPIA INDUSTRIES LIMITED FOR FY 2024-2025
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Olympia Industries Limited has filed its 36th Annual Report along with the AGM notice for FY 2024-25. The 36th AGM is scheduled for Tuesday, July 22, 2025 at 11:00 AM IST, to be held via video conferencing, with the e-voting cut-off date set as July 15, 2025 and remote e-voting running from July 19 to July 21, 2025. Key business items include adoption of audited financial statements, re-appointment of Ms. Pooja Jiwrajka (rotational retirement), re-appointment of Mr. Navin Kumar Pansari as Managing Director for 3 more years (with a basic salary of Rs. 5 lakh/month), appointment of two new Independent Directors (Mr. Ritesh Gupta and Mr. Kamlesh Joshi) for 5-year terms, and appointment of M/s V.K. Mandawaria & Co. as Secretarial Auditor for FY 2025-26 to FY 2029-30. The report highlights revenue from operations rising to Rs. 28,247.06 lakhs in FY25 from Rs. 18,905.03 lakhs in FY24, with net profit improving to Rs. 129.55 lakhs (EPS of Rs. 2.15) from Rs. 78.77 lakhs (EPS of Rs. 1.31) in FY24.
Strong revenue growth of nearly 49% year-on-year and a 64% jump in net profit signal improving business momentum for shareholders, though the company cites competition in e-commerce and technology disruption as ongoing challenges. The continuity of the Managing Director and addition of new Independent Directors points to stable governance, while no dividend announcement appears in the notice.