Olympic Management & Financial Services Limited has scheduled its 42nd Annual General Meeting for September 24, 2026, to address significant board restructuring and governance compliance measures.

The meeting, set to take place at the Indo American Society in Mumbai, will see shareholders vote on converting Chairman Pawan Kr Agarwal’s designation from Independent Director to Executive Director. This special resolution aims to rectify an inadvertent filing error identified by the secretarial auditor, who noted that Agarwal, a majority shareholder and promoter, was incorrectly recorded as independent.

What the Numbers Show

The company reported a net loss of ₹14.44 lakh for FY26, a marked improvement from the ₹45.40 lakh loss in FY25. Operating revenue rose 150% to ₹12.85 lakh, driven by better resource utilization. However, cash flow from operating activities remained negative at ₹13.62 lakh, while financing activities generated ₹22.00 lakh through long-term borrowings and loans.

Governance and Compliance Actions

The secretarial audit report highlighted several compliance gaps the company is addressing:

• The website is not updated in real-time, with management committing to stronger internal processes.
• Promoter shareholding remains in physical mode under an escrow account, causing temporary mismatches with Registrar and Transfer Agent records.
• The company is currently marked as SDD Non-Compliant on BSE master data, with corrective measures underway.
• Financial statements for FY26 were unsigned by the Company Secretary due to a vacancy in the role following the resignation of Mr. Prashant Vipani.

Key Resolutions

In addition to the board designation change, shareholders will consider:

• Reappointment of Whole Time Director S. N. Agarwal, who retires by rotation.
• Approval for related-party transactions up to an aggregate limit of ₹2 crore until the next AGM.
• Authorization for loans, guarantees, and investments up to ₹2 crore under Section 186 of the Companies Act, 2013.

E-voting will be open from September 21 to September 23, 2026, via CDSL’s platform. The register of members will remain closed from September 18 to September 24, 2026.

Olympic Management & Financial Services Limited reported a net profit of ₹1.04 lakh for the quarter ended June 30, 2026 (Q1FY26), marking a significant turnaround from the ₹4.08 lakh loss recorded in the same period of FY25. The company’s revenue from operations rose 80% year-on-year to ₹4.68 lakh, supported by a surge in other income.

The Board of Directors approved the unaudited standalone financial results during a meeting held on August 13, 2026, in Mumbai. The results were reviewed by the Audit Committee and signed off by the independent auditors, R.K. Khandelwal & Co., who issued a limited review report confirming no material misstatements.

Financial Performance

Revenue from operations increased to ₹4.68 lakh in Q1FY26, up from ₹2.60 lakh in Q1FY25. Other income also saw a modest rise to ₹2.66 lakh, compared to ₹2.43 lakh in the prior year quarter. Total income for the period stood at ₹7.34 lakh, significantly higher than the ₹5.03 lakh reported in Q1FY25.

*Note: Total expenses for Q1FY25 are derived from the sum of Finance Cost (₹0.45 lakh), Depreciation (₹6.50 lakh), and Other Expenses (₹6.95 lakh) as employee benefits were nil.

Total expenses decreased to ₹12.60 lakh in Q1FY26 from approximately ₹14.90 lakh in Q1FY25. Depreciation and amortization expenses fell to ₹5.85 lakh from ₹6.50 lakh year-on-year. Finance costs remained stable at ₹0.45 lakh. The company reported no exceptional items in Q1FY26, whereas it had recorded an exceptional gain of ₹2.16 lakh in Q1FY25.

What the Numbers Show

The shift to profitability in Q1FY26 was primarily driven by operational efficiency rather than one-time gains. Unlike Q1FY25, which included an exceptional item of ₹2.16 lakh, the current quarter’s profit of ₹1.04 lakh was achieved without any exceptional income. This indicates that the core business operations, combined with reduced depreciation costs, were sufficient to generate a positive bottom line despite relatively modest growth in revenue from operations.

Regulatory Disclosures

The company confirmed that Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, is not applicable as no funds were raised via public issue, right issue, or preferential allotment during the quarter. The financial statements were prepared in accordance with Ind AS 34 and reviewed under Standard on Review Engagements (SRE) 2410.