Disclosures by listed entities of defaults on payment of interest/ repayment of principal amount for loans including revolving facilities like cash credit from banks ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Olympic Cards Limited has disclosed a default on its term loan from HDFC Bank Ltd, with the default dated 20-02-2026 and disclosed on 14-03-2026. The total default amount is Rs. 15.17 lakh, comprising Rs. 12.15 lakh in principal and Rs. 3.02 lakh in interest. The original term loan facility was Rs. 15.5 crore over 120 months at 11.05% interest, with Rs. 3.40 crore still outstanding to HDFC Bank. The company's total borrowings from banks and financial institutions stand at Rs. 9.28 crore, and total financial indebtedness is Rs. 9.16 crore as of 31-12-2025.
This is a negative signal for shareholders as the company has failed to meet its debt obligations, raising concerns about its financial health and liquidity. Such defaults can trigger NPA classification, affect future borrowing ability, and may put downward pressure on the stock price.