In this regard we have already informed that in our board meeting held on 31st July, 2020 Mr. N. Mohamed Faizal, Managing Director was included as on additional member in the Stakeholder ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Olympic Cards Ltd has written to BSE (dated March 17, 2026) requesting waiver of cumulative fines totalling Rs. 3,90,320 levied under SEBI (LODR) regulations across two periods. For Dec 2020 quarter, fines of Rs. 1,46,320 (Reg 19), Rs. 92,000 (Reg 7), and Rs. 8,000 (Reg 31) were imposed for non-compliance related to the Stakeholders Relationship Committee composition; the company blames COVID-19 disruption, the prolonged illness and subsequent death of its Company Secretary (Feb 2021), and notes that BSE itself granted a general waiver for Dec 2020–March 2021 quarters. For Dec 2024 quarter, fines of Rs. 72,000 each under Reg 18 and Reg 19 were levied for vacancy in independent director position; the company says it filled the vacancy within the allowed 3-month window via an EGM and is eligible for exemption under Reg 17(1)(E). Waiver petitions were previously filed on 24.03.2025 for the 2024 fines.
The outstanding fines (Rs. 3.9 lakh) are very small relative to a listed entity and unlikely to materially affect the stock price, but favourable waiver decisions would remove a compliance overhang. Persistent regulatory non-compliance flags (committee composition, independent director vacancy) may concern governance-focused investors.