Olympic Oil Industries Board Approves Un-audited Results and Re-appoints Director

Olympic Oil Industries Ltd announced that its Board of Directors, in a meeting held on August 14, 2026, approved the un-audited financial results for the quarter ended June 30, 2026. The company reported a net loss of ₹2,839.77 Lacs for the quarter. Additionally, the Board approved the re-appointment of Mr. Nipun Verma as Whole-time Director for a further period of three years, commencing November 1, 2026, subject to shareholder approval. Mr. Verma, who has been with the company since 2010, is not related to any other director and is not debarred from holding office.