Quarterly Updates30 May 2026, 06:41 pm
Olympic Oil: Audited Results for FY26 Approved
AI Summary
Olympic Oil Industries Ltd. has announced the approval of its audited financial results for the quarter and year ended March 31, 2026, during a board meeting held on May 30, 2026. The results, along with the Statement of Impact of Audit Qualifications and Statutory Auditor's Report, have been submitted to the BSE as per Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The auditor's report includes a modified opinion due to defaults in bank loan payments, classifying credit facilities of ₹68.75 crore as Non-Performing Assets (NPA).
Key Highlights
- Olympic Oil Industries approves audited financial results for FY26.
- Auditor's report includes a modified opinion due to NPA classification.
- ₹68.75 crore in credit facilities classified as Non-Performing Assets.
- No interest charged on borrowings since July 2018 due to NPA status.
- Board meeting held on May 30, 2026, to approve the results.
Price Impact
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