Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Olympia Industries has informed the BSE that Regulation 23(9) of SEBI LODR does not apply to it for the quarter and half-year ended September 30, 2025. The reason: the company's net worth as on March 31, 2025 stood at Rs. 26.13 crore, which crossed the Rs. 25 crore threshold for the first time. Under SEBI rules, once the threshold is crossed, a 6-month cooling period applies before corporate governance provisions kick in. That period runs from May 28, 2025 (date of board approval of FY25 results). Therefore, related-party transaction disclosures under Reg 23(9) will become mandatory only from the quarter ending December 31, 2025. A Practising Company Auditor certificate from R.A. Kuvadia & Co and a CFO-certified net worth statement have been submitted to BSE as supporting documents.
No material impact on shareholders or stock price — this is a procedural compliance clarification. It does signal that enhanced corporate governance and disclosure obligations (including related-party transaction reporting) will apply to Olympia Industries going forward from Q3 FY26.