Olympic Cards Limited Submits Q4FY26 Certificate Under SEBI Depositories Regulations

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.

Parameter:	Details
Quarter Covered:	Q4FY26 (ended 31st March, 2026)
Filing Date:	April 15, 2026
Scrip Code:	534190
ISIN:	INE550L01013
Stock Exchange:	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.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
0.0%	0.0%	+0.33%	-0.33%	-10.98%	+21.46%

Olympic Cards Ltd has received a partial waiver of regulatory compliance fines from the Bombay Stock Exchange (BSE), with the exchange waiving Rs.4,98,560 in penalties while Rs.2,76,000 remains outstanding for various SEBI LODR regulation violations.

BSE Grants Partial Relief for COVID-Period Violations

The BSE's Internal Regulatory Oversight and Review Group, in its meeting held on March 20, 2026, approved the waiver of fines related to the December 2020 quarter. The decision was based on the company's submissions regarding COVID-19 pandemic-related disruptions that affected compliance activities.

Regulation	Quarter	Original Fine (Rs.)	Amount Waived (Rs.)	Status
7(1)	Dec-20	1,08,560	1,08,560	Fully Waived
6(1)	Dec-20	92,000	92,000	Fully Waived
6(1)	Mar-21	90,000	90,000	Fully Waived
20(2)/(2A)	Dec-20	1,84,000	1,84,000	Fully Waived
13(3)	Mar-20	10,000	10,000	Fully Waived
31	Mar-20	22,000	22,000	Fully Waived

Outstanding Fines for Recent Violations

Despite the partial relief, Olympic Cards still faces outstanding fines totaling Rs.2,76,000 for violations in the December 2024 quarter, primarily related to independent director compliance requirements.

Regulation	Quarter	Outstanding Fine (Rs.)	Issue
18(1)	Dec-24	72,000	Independent Director Compliance
19(1)/19(2)	Dec-24	72,000	Stakeholder Committee Composition
19(1)/(2)	Dec-20	1,24,000	Committee Composition
31	Dec-20	8,000	Corporate Governance Reporting

Company's Defense and Clarifications

Olympic Cards, through Managing Director N. Mohamed Faizal, has submitted detailed clarifications to BSE defending its compliance status. The company argues that it appointed a new independent director within the allowed three-month period through an Extra-Ordinary General Meeting, which was promptly communicated to BSE.

For the December 2020 violations, the company cited several mitigating factors:

COVID-19 pandemic and severe lockdown disruptions
Prolonged illness and subsequent death of the Company Secretary on February 3, 2021
Inadvertent omission by sub-staff in including committee member details
Filing of revised Corporate Governance report on February 19, 2021

Regulatory Context and Payment Details

The fines were levied under various SEBI LODR regulations covering corporate governance, disclosure requirements, and committee compositions. The company has been given banking details for payment of outstanding fines, with an additional 18% GST applicable, bringing the total payable amount to Rs.3,25,680.

Olympic Cards continues to seek complete waiver of all outstanding penalties, citing compliance with regulatory requirements within permitted timeframes and the exceptional circumstances during the COVID-19 period when BSE itself had announced general waivers for affected quarters.