Olympic Cards Limited , a prominent player in the wedding cards and stationery industry, has announced the full repayment of a significant mortgage loan, marking a strategic move to enhance its financial position.

Loan Repayment Details

The company has successfully cleared a mortgage loan of Rs. 5.05 crores, originally availed from Religare Finvest Ltd on September 30, 2015. The loan was fully repaid on October 30, 2025, well ahead of its scheduled tenure. This early repayment was facilitated by advance amounts received from a proposed buyer of the company's property located at Kannigaiper Village.

Financial Implications

The primary motivation behind this pre-payment, as stated by Olympic Cards Limited, is to reduce finance costs. This strategic decision is expected to have a positive impact on the company's financial health, potentially leading to:

1. Decreased interest expenses
2. Improved cash flow
3. Enhanced financial flexibility

Loan Closure Process

Olympic Cards Limited has confirmed that all outstanding dues related to this loan have been settled in full. The company is currently in the process of obtaining the necessary documentation, including:

• No Due Certificate
• Loan Closure Certificate
• Original loan documents from the bank

Transparency and Compliance

In adherence to regulatory requirements, specifically Regulation 30 read with Para B Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Olympic Cards Limited has promptly disclosed this information. The company has also stated that this update will be available on their official website, www.oclwed.com , ensuring transparency for all stakeholders.

Company Overview

Olympic Cards Limited, with its registered office in Chennai, is known for its diverse range of products including wedding cards, greeting cards, office stationery, and various paper-based products. The company's proactive approach to managing its financial obligations demonstrates its commitment to maintaining a strong financial foundation.

This loan repayment signifies Olympic Cards Limited's focus on optimizing its capital structure and reducing financial burdens, which could potentially lead to improved profitability and shareholder value in the long run.

Olympic Cards Limited , a company known for manufacturing wedding cards and stationery products, has disclosed a default on its mortgage loan payment to Religare Finvest Ltd. The default, which occurred on September 26, 2025, highlights potential financial challenges for the company.

Default Details

Olympic Cards Limited has provided the following information regarding the default:

Loan Specifics

The company has shared additional details about the loan in question:

Financial Position

The company's disclosure also sheds light on its broader financial situation:

This default raises questions about Olympic Cards Limited's financial health and its ability to meet its debt obligations. The company's total financial indebtedness, which includes both short-term and long-term debt, is significantly higher than its outstanding borrowings from banks and financial institutions.

While this default represents a relatively small amount compared to the company's total indebtedness, it may signal potential cash flow issues or broader financial challenges that the company is facing. Investors and stakeholders may want to closely monitor Olympic Cards Limited's future financial disclosures and performance to assess the company's ability to manage its debt and maintain financial stability.

As per the regulatory requirements, Olympic Cards Limited has promptly disclosed this default to the Bombay Stock Exchange. This transparency allows investors and market participants to make informed decisions based on the company's current financial situation.