Please refer your letter by email Ref.LA/ALF/Stage-1/Reminder-1/733-1139/2025-26 dated 13.05.2025 regarding Non-payment of Annual Listing Fees for the Financial Year 2025-25. In this connection ....
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Olympic Cards Ltd has not paid its annual listing fees to BSE for the financial year 2025-26. The exchange had sent a reminder on 13 May 2025 flagging this default. The company is now asking BSE for more time, until 31 July 2025, to clear the dues. It blames weak business in its core segments of greeting cards and wedding cards, saying the poor financial position makes it hard to pay on time. The letter is signed by the Company Secretary, Dr. S. Kuppan, and is addressed to BSE's listing compliance team.
This is a negative signal — it openly admits the company is under financial stress and is failing to meet even basic exchange compliance obligations. If the fees remain unpaid after 31 July, the stock (Scrip Code 534190) could face further regulatory action or delisting risk, which is a concern for existing shareholders.