Olympic Cards Ltd. Receives Fine Waiver from BSE
Olympic Cards Ltd. (Scrip code: 534190) has received a waiver of fines levied by the Bombay Stock Exchange (BSE) related to non-compliance with certain provisions of the Securities and Exchange Board of India (SEBI) (Listing Obligations and Disclosure Requirements) Regulations, 2015. The decision follows a review by the BSE's Internal Regulatory Oversight and Review Group on March 20, 2026.The company’s representations for waiver of fines were considered, taking into account written submissions from Olympic Cards Ltd. The waivers are attributed to factors including the impact of the COVID-19 pandemic and prolonged illness of the Company Secretary, which led to inadvertent omissions in reporting. The BSE had previously allowed general waivers for the quarters of December 2020 to March 2021 due to the pandemic.
Summary of Waived Fines
The following table summarizes the waived fines:
| SI. Reg/clause No. | Quarter | Outstanding Penalty (Rs.) | Penalty Waived (Rs.) | Residual Penalty (Rs.) |
|---|---|---|---|---|
| 01.Reg.19(1)/(2) Dec.2020 | - | 1,46,320 | 0 | 1,46,320 |
| 02.Reg.7(1) | Dec.2020 | 92,000 | 0 | 92,000 |
| 03.Reg.31 | Dec.2020 | 8,000 | 0 | 8,000 |
| 01.Reg.18(1) Dec.2024 | - | 72,000 | 0 | 72,000 |
| 02.Reg.19(1)/(2) Dec.2024 | - | 72,000 | 0 | 72,000 |
Additional Waived Fines
The company also received waivers for fines associated with Regulation 7(1) for December 2020 (Rs. 92,000), Regulation 6(1) for March 2021 (Rs. 90,000), Regulation 6(1) for December 2020 (Rs. 92,000), Regulation 18(1) for December 2024 (Rs. 72,000), Regulation 19(1)/(2) for December 2024 (Rs. 72,000), Regulation 20(2)/(2A) for December 2020 (Rs. 1,84,000).
Outstanding Fines
As of March 25, 2026, Olympic Cards Ltd. has an outstanding fine of Rs. 325,680 including GST. Payment can be made to the BSE through banking details provided in the communication.
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