Pursuant to Regulation 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, please find enclosed the copy of Annual Report of Olympic Oil Industries Limited for ....
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Olympic Oil Industries Limited has filed its 45th Annual Report for the financial year ended March 31, 2025 with BSE, as required under Regulation 34 of SEBI's Listing Regulations. The 45th AGM is scheduled for September 30, 2025, to be held via video conferencing. The company reported zero revenue from operations and zero total income for FY 2024-25, compared to Rs. 1.08 lakh in FY 2023-24. Total expenses stood at Rs. 24.94 lakh, resulting in a loss after tax of Rs. 24.94 lakh (down from Rs. 49.76 lakh loss last year). The company has not engaged in any manufacturing activity and had no foreign exchange earnings or outflows. No dividend has been recommended, and accounts have been prepared on a going concern basis.
For shareholders, this filing confirms the company remains a non-operating entity with no revenue and continuing losses, though losses have narrowed. The going concern statement by directors is notable given the zero-income status. Investors should expect continued subdued fundamentals with no near-term catalyst.