Olympic Management & Financial Services Ltd

Olympic Management & Financial Services Ltd has filed a request for the reclassification of Excel Paints Private Limited from its promoter and promoter group. This action is being taken under Regulation 31A of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015. The company has submitted the requisite documents, including board resolutions passed on May 28, 2026, and an undertaking from Excel Paints. Notably, Excel Paints Private Limited does not hold any shares in the company, and SEBI's amendment from May 5, 2021, exempts shareholders holding less than one percent from seeking shareholder approval for reclassification. The company is also listed on the Calcutta Stock Exchange.

Olympic Management & Financial Services Ltd has announced the closure of its trading window for designated employees and their immediate relatives. This closure is effective from July 1, 2026, and will remain in effect for 48 hours after the declaration of the financial results for the quarter ended June 30, 2026. This measure is in compliance with SEBI (Prohibition of Insider Trading) (Amendment) Regulations, 2018, and the company's internal Insider Trading Code, aimed at preventing potential insider trading activities around the announcement of financial performance.

511632 announced the closure of its Register of Members for the purpose of its 42nd Annual General Meeting (AGM). The register will remain closed from Friday, September 18, 2026, to Thursday, September 24, 2026, inclusive of both days. This action is in compliance with Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company 511632 has informed that Regulation 32(1) of SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015 is not applicable for the quarter ended March 31, 2026. This is because the company did not raise any funds through public issue, rights issue, preferential issue, or similar means during this period. The Audit Committee has acknowledged and recorded this fact in its meeting. This disclosure ensures compliance with regulatory requirements by clarifying the non-applicability of a specific regulation related to fund utilization.

511632 has declared that Regulation 24A of SEBI (Listing Obligations and Disclosure Requirements) (Amendment) Regulations, 2018, is not applicable to the company. This exemption is due to its paid-up equity share capital not exceeding ₹10 crores and net worth not exceeding ₹25 crores as of the last day of the previous financial year. As a result, the company is not required to submit the Annual Secretarial Compliance Report, aligning with SEBI regulations and specific Bombay Stock Exchange circulars.

Olympic Management & Financial Services Limited has submitted its audited financial results for the year ended March 31, 2026. For FY26, the company reported a total income of ₹18.33 Lacs, an increase from ₹14.15 Lacs in the previous fiscal year. The net loss for the period significantly narrowed to ₹14.44 Lacs, a substantial improvement compared to the net loss of ₹45.40 Lacs recorded in FY25. Basic and Diluted Earnings Per Share (EPS) for FY26 stood at (₹0.48), also showing an improvement from (₹1.51) in FY25. The financial statements were reviewed by the Audit Committee and subsequently approved by the Board of Directors in their meeting held on May 28, 2026.

Olympic Management & Financial Services Limited's Board of Directors met on May 28, 2026, to approve the audited standalone financial results for the quarter and year ended March 31, 2026. For the fiscal year 2026, the company reported a net loss of ₹14.44 Lacs, with revenue from operations totaling ₹12.85 Lacs. The basic Earnings Per Share (EPS) for FY26 was (₹0.48). The Board did not recommend any dividend for the year. Additionally, the 42nd Annual General Meeting (AGM) is scheduled for September 24, 2026, with the book closure set from September 18 to September 24, 2026. A scrutinizer was also appointed for the AGM.

Olympic Management & Financial Services Ltd has received a request for reclassification of shareholding from the 'Promoter/Promoter Group' category to the 'Public' category from Excel Paints Private Limited, holding 2800 shares (0.09%). The reclassification will be considered by the Board of Directors and is subject to stock exchange approval as per Regulation 31A of SEBI (LODR) Regulations, 2015. Excel Paints Private Limited confirms compliance with Regulation 31A(3)(b) conditions and states they have no association with the business or management, do not hold rights to appoint directors, and do not exercise control over management or policy decisions.

Olympic Management & Financial Services Ltd has scheduled a Board of Directors meeting on May 28, 2026, to consider and approve the audited financial results (standalone) for the quarter and year ended March 31, 2026, and the audited annual accounts for the same period. The board will also address the resignation of the Company Secretary, consider the reclassification request from Excel Paints Private Limited, fix the date and venue for the 42nd Annual General Meeting, approve the draft notice, fix the book closure date for the AGM, and approve the draft Directors Report and annual secretarial compliance report.

Olympic Management & Financial Services Ltd has filed disclosures under Regulation 31(4) of SEBI (SAST) Regulations, 2011 for the year ended March 31, 2026. The filing confirms that promoters have not made any encumbrance, directly or indirectly, on their shares during the financial year. As of March 31, 2026, no shares of the company are encumbered or pledged by the promoters.