Olympic Cards Reports Default on Religare Finvest Mortgage Loan

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:

Aspect	Details
Default Date	September 26, 2025
Total Default Amount	Rs 0.07 crore
Principal Amount	Rs 0.06 crore
Interest Amount	Rs 0.01 crore

Loan Specifics

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

Loan Aspect	Details
Original Loan Amount	Rs 5.05 crore
Loan Tenure	120 months
Interest Rate	14.50%
Current Outstanding to Religare	Rs 1.31 crore

Financial Position

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

Financial Aspect	Amount
Total Outstanding Borrowings from Banks/Financial Institutions	Rs 12.55 crore
Total Financial Indebtedness (as of June 30, 2025)	Rs 25.71 crore

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.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+2.99%	+4.03%	+3.33%	-3.43%	-8.82%	+2.31%

Olympic Cards Limited , a company specializing in wedding cards and stationery products, has reported a default on its term loan repayment to HDFC Bank Ltd. The default, which occurred on June 21, 2025, involves a principal amount of Rs. 0.11 crore and interest of Rs. 0.04 crore.

Loan Details and Default Information

The term loan in question carries an interest rate of 11.05% and is secured. According to the company's disclosure to the Bombay Stock Exchange, the loan was part of a larger facility of Rs. 15.50 crore with a tenure of 120 months.

Financial Obligations

Olympic Cards Limited's financial situation, as reported in their disclosure, reveals:

Financial Metric	Amount (in Rs. crore)
Default Amount (Principal)	0.11
Default Amount (Interest)	0.04
Total Outstanding to HDFC Bank	4.22
Total Outstanding Borrowings	12.55
Total Financial Indebtedness	12.55

The company's total outstanding borrowings from banks and financial institutions, including the amount owed to HDFC Bank, stand at Rs. 12.55 crore. This figure also represents Olympic Cards Limited's total financial indebtedness, encompassing both short-term and long-term debt.

Disclosure and Compliance

In compliance with regulatory requirements, Olympic Cards Limited has made this disclosure to the Bombay Stock Exchange on July 21, 2025, exactly one month after the default occurred. The company has fulfilled its obligation to inform stakeholders about this financial development.

This default raises questions about Olympic Cards Limited's current financial health and its ability to meet future debt obligations. Investors and stakeholders will likely be monitoring the company's actions to address this default and prevent future occurrences.