Olympic Oil Industries: Auditor Report on FY26 Standalone Results

Olympic Oil Industries Limited has submitted its Statutory Auditor's Report for the standalone financial results for the quarter and year ended March 31, 2026. The report, submitted in the format prescribed by SEBI, includes a qualified opinion. The auditors noted significant issues including defaults on bank loans leading to ₹68.75 crore in credit facilities being classified as NPA, with uncharged interest amounting to approximately ₹20.73 crore for the current year and ₹97.33 crore accumulated. Additionally, over ₹316.52 crore in sundry debtors are considered doubtful due to significant delays and lack of confirmation, and a ₹4.1 crore non-current investment shows an unidentified value erosion. Unsecured loans to related parties also present concerns.