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.

Olympic Cards Limited , a company specializing in wedding cards and stationery products, has reported another default on its term loan repayment to HDFC Bank Ltd. The latest default occurred on November 17, 2025, involving a principal amount of ₹0.12 crore and interest of ₹0.03 crore, totaling ₹0.15 crore.

Latest Default Details

The recent default represents the company's continued financial difficulties with its banking obligations. The term loan carries an interest rate of 11.05% and is secured against company assets. This marks another instance of payment default by the wedding cards manufacturer.

Updated Financial Position

Olympic Cards Limited's financial position shows the company's ongoing debt management challenges. The company disclosed its current financial indebtedness and outstanding obligations in its regulatory filing.

The company's total financial indebtedness stands at ₹12.65 crore, while its outstanding obligations to HDFC Bank amount to ₹4.22 crore. The defaulted loan is part of a larger ₹15.50 crore facility with the bank.

Loan Facility Structure

The defaulted term loan is part of a larger facility of ₹15.50 crore with HDFC Bank, structured with a tenure of 120 months. The secured nature of the loan provides some protection to the lender, though the repeated defaults indicate ongoing repayment challenges for the wedding cards manufacturer.

Regulatory Compliance

In compliance with regulatory requirements under Regulation 30, Olympic Cards Limited disclosed this default to the Bombay Stock Exchange on December 16, 2025. The company continues to fulfill its disclosure obligations to keep stakeholders informed about material developments affecting its financial position.

This fresh default highlights the mounting financial pressures facing Olympic Cards Limited and raises concerns about the company's ability to service its debt obligations going forward.