Announced Sun, 28 Jun · 18:38 IST
Olympic Cards defaults on HDFC Bank term loan, Rs 15.17 lakh overdue
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-2.1%1-day move
₹2.92
prior close
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base price
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AI summary
Olympic Cards Ltd has disclosed a default on a term loan from HDFC Bank Ltd. The default occurred on 28 May 2026 with overdue amount of Rs 15.17 lakh (principal Rs 12.60 lakh plus interest Rs 2.57 lakh) on a Rs 15.5 crore, 120-month secured facility at 11.05 percent interest. Total outstanding from HDFC stands at Rs 3.04 crore. Total financial indebtedness of the company is Rs 8.74 crore as on 31 March 2026.
Likely market impact
Loan default signals financial stress; HDFC may classify loan as NPA. Negative for shareholders and stock sentiment.