Financials result for the quarter ended 30th June, 2025 and Limited Review Report attached herewith.
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Olympic Oil Industries Ltd reported nil revenue from operations for Q1 FY26, with only Rs 0.79 lacs of other income against total expenses of Rs 7.94 lacs, resulting in a net loss of Rs 7.94 lacs (vs Rs 7.83 lacs loss in Q1 FY25). Loss per share stood at Rs (0.28), marginally wider than Rs (0.27) in the year-ago quarter. Other comprehensive income of Rs 21 lacs lifted total comprehensive income to Rs 13.06 lacs. The auditor (Bhatter & Associates) issued an unqualified limited review report. Separately, Company Secretary Ms. Mansi Bajpai resigned effective September 1, 2025 citing personal reasons, leaving the KMP position vacant.
The company remains loss-making with zero operating revenue, suggesting no core business activity during the quarter — a concern for shareholders. The clean auditor opinion is a positive, but the resignation of the Compliance Officer at this small-cap, non-revenue-generating company adds to near-term governance risk.