Olympia Industries has convened its 37th Annual General Meeting (AGM) for Wednesday, September 9, 2026, at 11:30 am via Video Conferencing or Other Audio Visual Means (VC/OAVM). The primary objective is to secure shareholder consent for material related-party transactions and key board-level resolutions for the financial year ending March 31, 2026.

Material Related-Party Transactions

The company seeks approval for transactions with Tirupati Biz Link LLP (TBL), in which Chairman & Managing Director Mr. Navin Pansari holds a designated partner interest. The proposed aggregate value for the period from October 1, 2026, to September 30, 2027, is ₹60.36 crore.

The transaction breakdown includes:

These transactions exceed the materiality threshold of ₹31.47 crore, defined as 10% of the company’s turnover for FY25-26. The Audit Committee has approved these deals, citing them as ordinary course business activities conducted on an arm’s length basis.

Board Appointments and Remuneration

Shareholders will vote on the appointment of Mr. Vishal Rajgarhia as a Non-Executive Independent Director for a five-year term starting September 9, 2026. Additionally, the meeting will consider the re-appointment of Mr. Bhushan Patil, who retires by rotation.

A resolution is also placed to increase the monthly remuneration of Mr. Anurag Pansari, Vice President and son of the Chairman, from ₹3,35,000 to ₹3,85,000, effective October 1, 2026.

Financial Performance Context

For FY25-26, Olympia Industries reported revenue from operations of ₹31,475.76 lakh, up from ₹28,247.06 lakh in the prior year. Net profit rose to ₹180.34 lakh from ₹129.55 lakh. However, this improvement was partly driven by a reduction in interest costs, which fell to ₹439.15 lakh from ₹527.82 lakh, while EBITDA remained relatively flat at ₹798.16 lakh against ₹790.02 lakh.

What the Numbers Show

While top-line growth of approximately 11% was recorded, operational efficiency metrics show limited expansion. EBITDA grew marginally by less than 1%, indicating that revenue gains were largely offset by proportional increases in operating expenses. The significant drop in finance costs was the primary driver behind the 39% jump in net profit, rather than core operational leverage.

Voting Details

Remote e-voting opens on Sunday, September 6, 2026, at 9:00 am and closes on Tuesday, September 8, 2026, at 5:00 pm. The cut-off date for determining voting eligibility is Wednesday, September 2, 2026.

The Board of Directors of Olympia Industries approved unaudited financial results for the quarter ended June 30, 2026, on August 07, 2026, reporting a net profit attributable to non-controlling interests of ₹62.08 lakh, up 55.5% year-on-year from ₹39.91 lakh in Q1FY26. Total revenue rose 32.5% to ₹9,917.41 lakh, reflecting strong performance in its primary business segment of trading goods and services. The company also recommended the appointment of Vishal Rajgarhia as a Non-Executive & Independent Director, effective from the upcoming Annual General Meeting.

Financial Performance

Revenue from operations for the quarter stood at ₹9,901.35 lakh, compared to ₹7,459.66 lakh in the corresponding period of the previous financial year. Other income contributed ₹16.06 lakh, bringing total revenue to ₹9,917.41 lakh. This represents a significant improvement from the ₹7,482.42 lakh reported in Q1FY26.

Total expenses increased marginally by 1.1% to ₹2,484.13 lakh from ₹2,456.93 lakh in Q1FY26. Key expense components included changes in inventories of stock-in-trade at ₹6,283.03 lakh and employee benefits expenses at ₹686.65 lakh. Finance costs were contained at ₹245.93 lakh, up from ₹226.71 lakh in the prior year quarter, while depreciation and amortisation expenses remained stable at ₹108.54 lakh.

What the Numbers Show

The divergence between revenue growth and expense control highlights improved operational efficiency. While revenue surged by over 32%, total expenses grew by just 1.1%, leading to a substantial expansion in profit before tax. The net profit attributable to non-controlling interests more than doubled compared to the previous year, indicating robust underlying profitability despite minor fluctuations in other income. Earnings per share (basic) rose to ₹1.03 from ₹0.66 in Q1FY26, reinforcing the positive trend in shareholder value creation.

Corporate Governance Updates

In addition to financial results, the Board convened the 37th Annual General Meeting (AGM) scheduled for September 09, 2026, via Video Conferencing or Other Audio Visual Means. The cut-off date for determining eligibility to vote electronically is set for September 02, 2026. E-voting will be available from September 06, 2026, to September 08, 2026.

Pursuant to Sections 149, 150, and 152 of the Companies Act and SEBI (LODR) Regulations, the Board recommended the appointment of Mr. Vishal Rajgarhia (DIN: 03179235) as a Non-Executive & Independent Director. His appointment is subject to shareholder approval at the AGM and will take effect from September 09, 2026.

The financial statements were prepared in accordance with Indian Accounting Standard 34 (Ind AS 34) and reviewed by statutory auditors R. A. Kuvadia & Co. Chartered Accountants under Standard on Review Engagement (SRE) 2410. The figures for the quarter ended March 31, 2026, are balancing figures between audited full-year figures and unaudited year-to-date figures up to December 31, 2025.