Disclosures by listed entities of defaults on payment of interest/ repayment of principal amount for loans including revolving facilities like cash credit from banks ....
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Olympic Cards Ltd has disclosed a default on its term loan from HDFC Bank Ltd. The default occurred on 21 June 2025 and was formally disclosed to BSE on 21 July 2025. The overdue amount includes Rs. 11.40 lakhs in principal and Rs. 3.77 lakhs in interest. The original facility was Rs. 15.5 crore over 120 months at 11.05% interest rate (secured), with Rs. 4.22 crore still outstanding to HDFC Bank. The company's total bank borrowings stand at Rs. 12.55 crore and total financial indebtedness is approximately Rs. 25.03 crore.
This is a negative signal — the company has missed loan repayments, which could trigger NPA classification by the lender, invite penalties, and hurt its credit profile and investor sentiment. Small shareholders should view this as a red flag regarding the company's financial health and debt-servicing capacity.