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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Awaiting price reaction for this filing.
Olympic Cards Ltd has disclosed a default on its term loan from HDFC Bank Ltd, which fell due on September 26, 2025. The overdue amount totals Rs. 15.17 lakh, comprising Rs. 11.71 lakh in principal and Rs. 3.46 lakh in interest. The original facility was a secured term loan of Rs. 15.5 crore over 120 months at 11.05% interest, with Rs. 4.22 crore still outstanding to HDFC Bank. Total bank borrowings stand at Rs. 12.55 crore and total financial indebtedness at Rs. 25.71 crore as of June 30, 2025.
This is a negative signal for shareholders — the default may trigger NPA classification of the loan by HDFC Bank, raise concerns about the company's cash flow, and could affect future borrowing ability and lender confidence in the stock.