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 31-12-2025, with a total overdue amount of Rs. 0.1517 crore (Principal: Rs. 0.1193 crore, Interest: Rs. 0.0324 crore). The original term loan was for Rs. 15.5 crore over 120 months at 11.05% interest rate, secured, with HDFC Bank's total outstanding at Rs. 4.22 crore. The company's total outstanding borrowings from banks/financial institutions stand at Rs. 9.28 crore, and total financial indebtedness is Rs. 12.23 crore as of 30-09-2025.
This is a negative signal for shareholders as it indicates the company is facing financial stress and unable to meet its debt obligations on time, which could lead to further penalties, credit rating downgrades, and potential asset recovery actions by the lender.