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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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Olympic Cards Ltd has disclosed a default on a term loan facility from HDFC Bank Ltd. The default occurred on 17 November 2025, with a total overdue amount of approximately Rs. 15.17 lakh (Rs. 11.82 lakh principal + Rs. 3.35 lakh interest). The original loan was Rs. 15.5 crore over 120 months at 11.05% interest, secured, with Rs. 4.22 crore still outstanding to HDFC. Total outstanding borrowings from banks/financial institutions stand at Rs. 9.28 crore, and total financial indebtedness is Rs. 12.65 crore as of 30 June 2025.
This is a negative signal for shareholders — a loan default indicates financial stress, could lead to higher borrowing costs, potential asset classification as NPA, and may dent investor confidence in the stock.