We enclosed, in terms of Regulation 30 and 34 of Securities Exchange Board of India (Listing Obligations and Disclosure Requirements), Regulations, 2015, a copy of revised Annual Report ....
Awaiting price reaction for this filing.
Olympic Management & Financial Services Ltd has filed a corrigendum to its 41st Annual General Meeting (AGM) notice along with a revised Annual Report for the financial year ended 31 March 2025. The AGM is scheduled for 30 September 2025 at 4:15 PM at Indo American Society, Fort, Mumbai. Financial results show widening losses: revenue from operations dropped to Rs. 5.14 Lacs (from Rs. 6.52 Lacs last year), while net loss after extraordinary items deepened sharply to Rs. 45.40 Lacs (vs Rs. 16.26 Lacs in FY24); no dividend has been declared. Key AGM agenda items include adopting audited financials, re-appointing Chairman Pawan Kr Agarwal, appointing new statutory auditors M/s. R K Khandelwal & Co and secretarial auditors M/s. Manthan Negandhi & Co for five-year terms, approving a Rs. 2 Crore limit for loans/investments under Section 186, and ratifying the appointment of Benitto Kumar Nadar as Independent Director.
Continued losses and absence of dividend are negatives for shareholders, but the AGM reflects routine governance housekeeping including a mandatory statutory auditor rotation and fresh director induction. The Rs. 2 Crore Section 186 limit, if approved, gives the board flexibility to deploy surplus funds in investments or inter-corporate loans going forward, which is a mild positive for operational flexibility. Overall, this is a procedural compliance filing with no material surprise, though persistent losses remain a concern for retail investors.