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, with the default date being November 17, 2025. The unpaid amount totals Rs. 0.1517 crore, comprising Rs. 0.118 crore in principal and Rs. 0.0335 crore in interest. The original loan was Rs. 15.5 crore over 120 months at 11.05% interest, with Rs. 4.22 crore still outstanding to HDFC Bank. Total borrowings from banks and financial institutions stand at Rs. 9.28 crore, and the company's total financial indebtedness is Rs. 25.71 crore as of June 30, 2025. This is a regulatory disclosure mandated for listed entities when they miss loan repayments.
This default signals financial stress at Olympic Cards and may affect its credit standing with lenders. Small shareholders should monitor for any further defaults, potential penalties, or restructuring actions that could impact the company's operations and stock price.