Olympic Cards Limited disclosed the outcome of its Board of Directors meeting held on August 12, 2026, including approval of unaudited financial results for the quarter ended June 30, 2026, and various corporate governance matters.

Financial Results (Standalone)

The company reported unaudited financial results for Q1 FY27:

  • Net Sales/Income from Operations: ₹251.84 lakh
  • Other Income: ₹0.00 lakh
  • Total Income: ₹251.84 lakh
  • Total Expenses: ₹359.52 lakh
  • Loss before tax: ₹(107.68) lakh
  • Tax expense: ₹(1.02) lakh
  • Net Loss after tax: ₹(106.66) lakh
  • Earnings Per Share (Basic & Diluted): ₹(0.65) per share (not annualized)
  • Paid-up equity share capital: ₹1,630.87 lakh (Face Value ₹10 each)

Comparative figures:

  • Q4 FY26: Net Loss ₹(154.99) lakh on income of ₹194.22 lakh
  • Q1 FY25: Net Loss ₹(102.21) lakh on income of ₹216.89 lakh
  • FY26: Net Loss ₹(25.94) lakh on income of ₹1,276.42 lakh

Board Meeting Outcomes

The Board of Directors approved:

1. Unaudited Financial Results for quarter ended June 30, 2026, with Auditors' Limited Review Report

2. Notice of 34th Annual General Meeting and 34th Board's Report for FY 2025-26

3. Annual General Meeting date: Monday, September 7, 2026 at 10:00 hours via Video Conference

4. Retirement and re-appointment of Mrs. S. Jarma (DIN: 00269434) as Non-Executive Woman Director, subject to shareholder approval

5. Appointment of Mr. Nagavasamy Rajkumar (DIN: 00617000) as Independent Director for 5 years from September 7, 2026 to September 6, 2031, subject to shareholder approval

6. Continuation of Mr. Alagarsamy Uthandan (DIN: 07847682) as Independent Director beyond age 75 years (attaining on July 16, 2027) for remainder of his second term until June 9, 2031

7. Appointment of Mr. R. Deenadayalu (Membership No. F3850, C.P. No. 27727) as Scrutinizer for e-Voting in the AGM

8. Report of the Secretarial Auditor for FY 2025-26

9. Book closure from September 1, 2026 to September 7, 2026, with Record Date as August 31, 2026 for AGM

Compliance Status

The company disclosed:

  • GST Current Overdues: Nil
  • GST Appeals: Pending with Appellate Authorities for old demands
  • Employees Provident Fund: Paid up to March 31, 2026
  • Employees State Insurance: Unpaid for March 2024 to June 2026 amounting to ₹46,063 (excluding penalty and interest)
  • Tax Deducted at Source payable: Nil

Auditor's Review

Subramanian & Associates conducted limited review of the quarterly financial results as required under Regulation 33 of SEBI LODR Regulations 2015. Their review report dated August 12, 2026 states that nothing has come to their attention that causes them to believe that the interim financial information contains any material misstatement.

Business Operations

The company is engaged in manufacturing and trading of wedding cards, greeting cards, business cards, office stationery, disposable cups, paper napkins & plates, gift articles, and screen & offset printing materials. The entire operations relate to one segment: Manufacturing and Trading.

The meeting commenced at 14:00 hours and concluded at 16:60 hours.