Olympic Cards Limited Discloses Loan Default of Rs. 0.1517 Cr with HDFC Bank
Olympic Cards Limited disclosed a loan default with HDFC Bank Ltd totaling Rs. 0.1517 Cr, comprising principal of Rs. 0.1215 Cr and interest of Rs. 0.0302 Cr. The default occurred on 20-02-2026 on a secured term loan with 11.05% interest rate. The company's total outstanding borrowings from banks stand at Rs. 9.28 Cr, with overall financial indebtedness of Rs. 9.16 Cr as on 31-12-2025.
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Olympic cards Limited has disclosed a loan default with HDFC Bank Ltd under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations. The company informed the Bombay Stock Exchange about the default through a formal disclosure dated 14-03-2026.
Default Details and Timeline
The loan default occurred on 20-02-2026, involving a term loan facility from HDFC Bank Ltd. The company has provided a comprehensive breakdown of the defaulted amounts and loan specifications in its regulatory filing.
| Parameter: | Details |
|---|---|
| Default Date: | 20-02-2026 |
| Disclosure Date: | 14-03-2026 |
| Nature of Obligation: | Term Loan |
| Lender: | HDFC Bank Ltd |
Financial Impact and Default Breakdown
The total default amount stands at Rs. 0.1517 Cr, comprising both principal and interest components. The company has provided a detailed breakdown of the defaulted amounts in its disclosure.
| Component: | Amount |
|---|---|
| Principal: | Rs. 0.1215 Cr |
| Interest: | Rs. 0.0302 Cr |
| Total Default: | Rs. 0.1517 Cr |
Loan Facility Specifications
The defaulted loan is part of a larger term loan facility with specific terms and conditions. The original loan carries an interest rate of 11.05% and is secured in nature.
| Loan Details: | Specifications |
|---|---|
| Total Principal Amount: | Rs. 15.5 Cr |
| Tenure: | 120 months |
| Interest Rate: | 11.05% |
| Security Status: | Secured |
| HDFC Bank Outstanding: | Rs. 3.40 Cr |
Overall Financial Indebtedness Position
The company has also disclosed its broader financial indebtedness position as part of the regulatory requirements. The total outstanding borrowings from banks and financial institutions amount to Rs. 9.28 Cr, while the overall financial indebtedness including short-term and long-term debt stands at Rs. 9.16 Cr as on 31-12-2025.
This disclosure fulfills the company's obligation under Regulation 30 to inform stakeholders about defaults on loan payments, ensuring transparency in financial reporting and maintaining compliance with listing requirements.
Historical Stock Returns for Olympic Cards
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | -1.62% | -1.62% | -3.18% | +16.92% | +13.43% |
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