Olympic Cards Ltd — Important, 20-08-2026: Company Update

Olympic Cards Limited announced that its Goods and Services Tax (GST) appeal for the financial year 2018-19 has been allowed, reducing the company's liability by Rs. 2.17 Cr. This decision positively impacts the company's financial position by bringing down a significant tax obligation. The company also noted that several other appeals are pending, including GST demands of Rs. 1.00 Cr and Rs. 0.28 Cr, along with Income Tax Act appeals totaling Rs. 0.22 Cr, Rs. 0.31 Cr, and Rs. 0.18 Cr for various financial years.