BSE mulls Olympia's delisting

The 11-year-old company, which owns Kalahari Floor Tiles, was on Wednesday suspended from the BSE after a 30 September deadline elapsed for it to submit to the BSE and distribute to its shareholders its Annual Report and AGM Notice for the year ended February 2013.

Wednesday's was the Kenyan-majority owned company's third suspension from the BSE, after similar action was taken late August for failing to publish the February 2013 results within the time stipulated in the exchange's listing requirements. Olympia was also suspended on August 25, 2009 for failing to publish its results on time. This week, sources close to the local exchange said its Main Committee would be meeting soon to decide the troubled corporation's fate.