We enclosed in terms of Regulation 30 and 34 of Securities Exchange Board of India (LODR), Regulations, 2015 a copy of Annual report for the financial year ended 31st March 2025 together ....
Awaiting price reaction for this filing.
Olympic Management & Financial Services Ltd has filed the notice and annual report for its 41st AGM scheduled for September 30, 2025 at 4:15 PM in Mumbai. The AGM will seek shareholder approval for adopting FY25 financial statements, re-appointing director Pawan Kr Agarwal (retiring by rotation), re-appointing statutory auditors H.G. Sarvaiya & Co. for five years till 2030, appointing Manthan Negandhi & Co. as secretarial auditors, approving borrowing/investment limits up to Rs. 2 crore, and ratifying the appointment of new independent director Benitto Kumar Neethiraya Nadar (appointed Jan 2, 2025). The company posted revenue from operations of Rs. 5.14 lakh (down from Rs. 6.52 lakh last year) and a net loss of Rs. 45.40 lakh for FY25, deeper than the Rs. 16.26 lakh loss in FY24. No dividend has been declared due to the loss.
Losses have widened significantly and no dividend is being declared, which is negative for shareholders. The AGM agenda items are largely routine (auditor reappointments, director ratification) apart from the Rs. 2 crore borrowing/investment limit, which is small relative to the company's Rs. 3 crore paid-up capital. The newly appointed independent director strengthens board composition but does not change the weak operating picture.