Pursuant to Regulation 30 and 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform you that the Board of Directors of Olympic Cards Limited ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Olympic Cards Limited reported total income of Rs 1,276.42 Lakhs for FY2026, up 32.5% from Rs 963.27 Lakhs in FY2025. The company posted a net loss after tax of Rs 25.94 Lakhs, significantly improved from a loss of Rs 439.06 Lakhs in the previous year. The auditors issued a qualified opinion due to inability to obtain confirmation of trade receivables (Rs 116.81 Lakhs), trade payables (Rs 671.71 Lakhs), advances from customers (Rs 184.79 Lakhs), and advances to suppliers (Rs 41.57 Lakhs). The company has appointed Mr. N. Mohamed Iqbal (brother of the Managing Director) as Manager (Marketing) at Rs 49,000 per month, which is a related party transaction. Statutory dues remain outstanding including GST dues of Rs 293.24 Lakhs (under appeal), delayed EPF payments of Rs 4.07 Lakhs, and delayed ESI payments of Rs 59,511. No dividend was recommended.
Despite revenue growth and reduced losses, the qualified auditor opinion, negative reserves of Rs 1,525.31 Lakhs, and outstanding statutory liabilities raise significant concerns about the company's financial health and going concern status. The related party transaction and delayed statutory payments may worry investors.