Pursuance to Regulation 34 of Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 please find enclosed the Notice of 33rd Annual General ....
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Olympic Cards Ltd has filed the notice for its 33rd Annual General Meeting scheduled for September 20, 2025 (via video conference), along with the Annual Report for FY 2024-25. The company reported widened losses — Loss After Tax of Rs. 439.06 lakhs versus Rs. 102.52 lakhs in FY24 — on sales of Rs. 940.89 lakhs (down from Rs. 1149.87 lakhs), with no dividend recommended and reserves in negative territory at Rs. (1499.37) lakhs. Five resolutions are on the AGM agenda, including re-appointment of Mrs. S. Jarina (retiring by rotation), re-appointment of Mr. Alagarsamy Uthandan as Independent Director for a second term of five years from June 2026, and approval of material related party transactions worth up to Rs. 7 crores for FY 2025-26 (representing 74.4% of turnover). Shareholders will also vote on appointing Mr. R. Deenadayalu as the new Secretarial Auditor for five years at Rs. 3.6 lakhs per annum, replacing the outgoing auditor. The company's management cites severe competition from small unorganised players and shrinking demand for physical wedding/greeting cards due to digital invitations.
Widening losses, declining sales, and negative reserves highlight ongoing operational stress for this small-cap printing company; the size of the related party transactions (~74% of turnover) and the proposed unsecured loans from directors (cumulative cap of Rs. 20 crores) are the key items shareholders should scrutinise before voting.