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.
Olympic Cards Ltd has disclosed a payment default on a term loan from HDFC Bank. The default occurred on March 30, 2026, with a total default amount of Rs. 15.17 lakh (principal Rs. 12.26 lakh and interest Rs. 2.91 lakh). The original loan was for Rs. 15.5 crore over 120 months at an interest rate of 11.05%, secured by HDFC Bank. Total outstanding borrowings from HDFC Bank stand at Rs. 3.28 crore, while the company's total financial indebtedness is Rs. 9.16 crore as of December 31, 2025.
This default disclosure signals financial stress for Olympic Cards Ltd. The company faces heightened risk of lender action including loan recall, rating downgrade, or NPA classification. Existing shareholders may see negative sentiment and potential decline in stock value.