1. In pursuance of Regulation 30 and Regulation 33 of Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 we are sending herewith the ....
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Olympic Cards' board approved unaudited financial results for Q1 FY26 (quarter ended June 30, 2025). Total income rose to Rs. 216.89 lakhs from Rs. 195.06 lakhs in Q1 FY25 (up ~11.2%), while net loss narrowed to Rs. 102.21 lakhs from Rs. 141.19 lakhs. However, for the full FY25, revenue dropped sharply to Rs. 963.27 lakhs (vs Rs. 1,703.12 lakhs in FY24) and net loss widened to Rs. 439.06 lakhs. Reserves remain deeply negative at Rs. (1,499.37) lakhs. The board also approved the 33rd AGM notice scheduled for September 20, 2025 via video conferencing, with book closure from September 14-20, 2025. Separately, the board disclosed significant outstanding statutory dues: GST assessment orders under appeal totaling Rs. 2.95 crores, unpaid EPF of Rs. 35.92 lakhs, unpaid ESI of Rs. 4.60 lakhs, and unpaid/unfiled TDS of Rs. 1.05 lakhs. The auditor (Subramanian & Associates) issued a clean limited review report.
Despite a modest improvement in Q1 losses, the company's eroding reserves (negative book value) and growing pile of unpaid statutory dues (EPF, ESI, TDS) along with GST disputes of nearly Rs. 3 crores signal serious financial stress and compliance risks that may concern shareholders and weigh on the stock.