Olympic Cards Limited , a Chennai-based manufacturer and trader of wedding cards and related paper products, approved its audited standalone financial results for the quarter and financial year ended March 31, 2026, at a Board of Directors meeting held on May 18, 2026. The results were prepared in compliance with Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and reviewed by the Audit Committee prior to board approval. The company operates primarily in the "Paper and Paper Products" segment, with no separate reportable segment under Accounting Standard 17.

Financial Performance Overview

Olympic Cards Limited recorded a notable improvement in its financial performance for FY26. Total income from operations rose to ₹1,276.42 lakhs from ₹963.27 lakhs in FY25, while the net loss after tax narrowed sharply to ₹25.94 lakhs compared to ₹439.06 lakhs in the previous year. The following table summarises the key financial metrics:

For FY26, net sales/income from operations stood at ₹1,043.50 lakhs against ₹940.89 lakhs in FY25. Other income for the full year was ₹232.92 lakhs compared to ₹22.38 lakhs in FY25. Total expenses for FY26 were ₹1,523.82 lakhs versus ₹1,412.68 lakhs in FY25.

Balance Sheet Highlights

The company's total assets as on March 31, 2026 stood at ₹2,560.08 lakhs, compared to ₹4,497.01 lakhs as on March 31, 2025. Key balance sheet items are presented below:

Net worth as reported in the Statement of Impact of Audit Qualifications stood at ₹105.06 lakhs. Reserves (excluding revaluation reserve) as at March 31, 2026 were (₹1,525.31) lakhs.

Cash Flow Summary

For the year ended March 31, 2026, net cash used in operating activities was (₹508.16) lakhs, compared to a net cash inflow of ₹315.20 lakhs in FY25. Net cash from investing activities was ₹1,769.80 lakhs, driven primarily by sale proceeds of fixed assets amounting to ₹1,801.04 lakhs. Net cash used in financing activities was (₹1,235.78) lakhs. Cash and cash equivalents at the end of the period stood at ₹29.26 lakhs, up from ₹3.40 lakhs at the beginning of the period.

Auditor's Qualified Opinion and Regulatory Disclosures

Statutory auditors Subramanian & Associates issued a qualified opinion on the standalone financial statements for FY26. The qualification pertains to the non-confirmation of balances of trade receivables (₹116.81 lakhs), trade payables (₹671.71 lakhs), advances from customers (₹184.79 lakhs), and advances to suppliers (₹41.57 lakhs) as on March 31, 2026. The auditors noted that management did not provide details to obtain direct confirmations from customers and suppliers, and accordingly, they were unable to conclude whether adjustments to these balances are required. This qualification is stated to be continuing since the previous year. Additionally, the auditors noted that the company has not used accounting software with an audit trail (edit log) feature for maintaining its books of account.

The company also disclosed the following regulatory and compliance matters:

• GST Dues (FY 2018-19): Outstanding amounts of ₹2,17,22,955/-, ₹32,48,564/-, ₹2,85,252/-, and ₹39,68,212/-; appeal petitions have been filed with the concerned authorities.
• EPF Dues: Employees' Provident Fund of ₹4,06,710/- was not remitted within the due date for the period from November 1, 2025 to March 2026, excluding applicable penalty and interest.
• ESI Dues: Employees' State Insurance amount of ₹59,511/- was not paid for the period from December 2025 to March 2026, excluding applicable penalty and interest.
• No Dividend: The Board has not recommended any dividend for the year 2025-26.

Corporate Developments

The Board approved the appointment of Mr. N. Mohamed Iqbal, brother of Managing Director Mr. N. Mohamed Faizal, as Manager (Marketing) with a remuneration of ₹49,000/- per month with effect from May 18, 2026. The Audit Committee and Board also approved related party transactions, including interest-free loan(s) from directors not exceeding ₹5 Crores and other related party transactions not exceeding ₹7 Crores during the financial year 2027-28. The paid-up equity share capital of the company remains at ₹1,630.87 lakhs, comprising 1,63,08,700 equity shares of face value ₹10/- each.

Olympic Cards Limited has submitted its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended 31st March, 2026. The Chennai-based company filed the certificate on April 15, 2026, addressing both major depositories in India.

Regulatory Compliance Details

The certificate was submitted to National Securities Depository Limited and Central Depository Services India Limited, confirming the company's adherence to dematerialization procedures during Q4FY26. Olympic Cards Limited operates under scrip code 534190 with ISIN INE550L01013 and is listed on the Bombay Stock Exchange.

Dematerialization Process Confirmation

Based on confirmation from Cameo Corporate Services Limited, the company's Registrar and Share Transfer Agent, Olympic Cards certified that all securities received for dematerialization during the quarter were properly processed. The certificate confirms that securities were mutilated and cancelled after due verification, with the depository's name substituted in company records as the registered owner within the stipulated time limit.

Company Background

Olympic Cards Limited, established in 1962, operates from its registered office at 195, N.S.C. Bose Road, Chennai. The company manufactures a diverse range of products including:

• Wedding cards and wedding bags
• Greeting cards and business cards
• Office stationery and envelopes
• Notebooks, diaries, and calendars
• Disposable cups, paper napkins, and plates
• Screen and offset printing materials

The company maintains multiple locations across Tamil Nadu, with branches in Parrys, Kodambakkam, and Coimbatore, serving customers through both physical locations and online platforms.

Regulatory Framework

The certificate filing under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 is a mandatory quarterly requirement for listed companies. This regulation ensures proper handling of dematerialized securities and maintains transparency in the depository system. The certificate was signed by Dr. S. Kuppan, Company Secretary & Compliance Officer, confirming the company's continued compliance with regulatory requirements.