Olympic Cards Ltd — Updates, 15-07-2025: Company Update

Olympic Cards Ltd has issued an errata clarifying its auditor's report has a "modified opinion," not an "unmodified" one. The auditor's qualification is due to unconfirmed balances for trade receivables, payables, advances, and significant related party loans, an issue noted previously. For the financial year, the company reported a net loss of Rs. 4.39 crore and negative "Other Equity." The board did not declare a dividend. The company also faces pending GST dues totaling over Rs. 3 crore and outstanding employee statutory contributions. The board approved new interest-free loans from directors up to Rs. 7 crore and related party transactions up to Rs. 7 crore for the current year.