Please note that the Board of Directors of the Company at its meeting held on Saturday, May 30, 2026 (commenced on 05:15 P.M. and concluded at 06:15 P.M.) has considered and approved the ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Olympic Oil Industries reported a net loss of Rs 22.35 lakh for FY2026 with EPS of Rs -0.78. The company's net worth has been fully eroded at negative Rs 2,301.27 lakh, with accumulated losses exceeding share capital. The statutory auditor issued a qualified opinion citing six audit qualifications that have persisted for over 6 years. Key issues include Rs 68.75 crore of bank credit facilities classified as NPA with unpaid accumulated interest of Rs 97.33 crore, doubtful sundry debtors of Rs 316.52 crore, and unsecured loans to related parties of Rs 38.47 crore considered doubtful. The company has no business operations during the year. Regulatory investigations by SFIO and CBI are ongoing in relation to bank credit facilities.
This is an extremely distressed company with negative net worth, ongoing investigations, and a qualified auditor opinion. The going concern status is in serious doubt. Shareholders face extreme risk as the company has no revenue-generating operations and significant unconfirmed liabilities.