Olympic Cards has scheduled its 34th Annual General Meeting for Monday, September 7, 2026. The meeting will be conducted through Video Conferencing or Other Audio Visual Means (VC/OAVM).

The company announced the schedule in compliance with Ministry of Corporate Affairs and SEBI circulars. Shareholders holding shares as of the cut-off date of August 31, 2026, are eligible to vote.

E-Voting Schedule

Remote e-voting will commence on September 4, 2026, at 8:00 am and conclude on September 8, 2026, at 5:00 pm. Central Depository Services Limited (CDSL) is the authorized e-voting agency.

Members who cast votes remotely before the meeting may attend via VC but cannot vote again. Those present during the meeting who have not voted remotely can cast their votes electronically during the session.

Registrar Closure

The register of members and share transfer books will remain closed from September 1, 2026, to September 7, 2026, inclusive. This closure facilitates the annual general meeting process.

Physical shareholders without registered email addresses must provide folio numbers, PAN, and Aadhaar details to the company or registrar to obtain login credentials. Demat shareholders need to submit beneficiary IDs and account statements.

Olympic Cards has secured a favorable ruling in a Goods and Services Tax appeal, reducing its total liability by ₹2.17 crore for the financial year 2018-19. The Deputy Commissioner of Central Tax Appeals, Chennai North, allowed the company’s petition on August 19, 2026.

The order pertains to Proceedings No. AP/GST/20/2025 and covers tax demands across Integrated GST (IGST), Central GST (CGST), and State GST (SGST). The reduction includes principal tax amounts along with associated interest and penalties.

Breakdown of Liability Reduction

The appellate authority reduced the company’s outstanding dues as follows:

The combined relief brings the total reduction to ₹2,17,22,955. This outcome resolves a specific portion of the company’s indirect tax disputes for FY18-19.

What the Numbers Show

The structure of the relief indicates that interest charges constituted a significant portion of the original demand. For both CGST and SGST, the interest amount (₹29.50 lakh each) exceeded the principal tax amount (₹56.22 lakh is incorrect, wait: Principal is 56.22L, Interest is 29.50L. Let's re-read carefully).

Correction: Principal CGST is 56,22,112. Interest is 29,50,322. Interest is roughly 52% of the principal. This highlights the cost of delayed resolution in tax matters, where accruals over time nearly match the core tax dispute value.

Pending Litigations

Despite this win, Olympic Cards faces several other pending appeals involving both GST and Income Tax demands:

• GST for FY18-19: ₹100.07 lakh
• GST for FY18-19: ₹28.30 lakh
• Income Tax for FY12-13: ₹22.35 lakh
• Income Tax for FY12-13: ₹30.92 lakh
• Income Tax for FY13-14: ₹17.62 lakh

The company informed the Bombay Stock Exchange about the development on August 20, 2026, through its Company Secretary, Dr. S. Kuppan.