Pursuant to Regulation 34 (1)(b) of SEBI (LODR), Regulations, 2015, as amended, we wish to inform that the few typographical errors/printing omission occurred in the Annual Report of our ....
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Awaiting price reaction for this filing.
Olympic Cards Ltd has informed the stock exchanges that the Annual Report for FY 2024-25, which was already uploaded, contains several typographical errors and printing omissions. The corrections span across multiple pages and include fixing a director's membership number, adding a 'Chairman' designation for Mr. N. Sridharan in the Audit Committee, correcting the age and first appointment date of Mr. Alagarsamy Uthandan, changing the contract period from 2024-25 to 2025-26, adding missing disclosures on Public Deposits and Commission received by Directors, correcting annexure numbering, inserting new pages on Financial Ratios, and fixing committee chairmanship numbers. A corrected, error-free version of the Annual Report is to be uploaded. Separately, the embedded Annual Report content shows the company posted a loss after tax of ₹439.06 Lakhs in FY25 versus ₹102.52 Lakhs in FY24, with sales falling to ₹940.89 Lakhs, no dividend declared, and reserves in negative territory at ₹(1,499.37) Lakhs.
The filing itself is a routine procedural correction and is unlikely to move the stock price. However, the underlying Annual Report reveals significantly widening losses and a sharp drop in sales, which is a negative signal for shareholders about the company's deteriorating financial health.