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 related 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

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

Outstanding Borrowings

Olympic Cards' financial situation shows significant debt:

The company's total financial indebtedness, including both short-term and long-term debt, amounts to Rs. 12.55 crore.

Disclosure and Compliance

In compliance with regulatory requirements, Olympic Cards Limited promptly disclosed this default to the BSE on July 21, 2025. The disclosure was made under the category of "Disclosure by listed entities of defaults on payment of interest/repayment of principal amount on loans from banks."

Company Background

Olympic Cards Limited, with its registered office in Chennai, is known for producing wedding cards, greeting cards, and various paper-based products. The company operates in the paper and printing industry.

This default raises concerns about the company's financial health and its ability to meet future debt obligations. Investors and stakeholders will likely monitor the situation closely for any further developments or remedial actions by the company.