Olympic Cards Limited has reported a net loss of Rs 99.65 lakhs for the quarter ended September 30, 2025, according to the company's latest financial results. This loss represents a slight increase from the Rs 90.21 lakhs loss reported in the same quarter of the previous year.

Financial Performance

The company's financial performance for the quarter ended September 30, 2025, is summarized in the table below:

Despite an increase in total income from operations, which rose to Rs 305.47 lakhs from Rs 237.73 lakhs in the corresponding quarter of the previous year, the company continued to face challenges in achieving profitability.

Debt Settlement and Property Sale

In a significant development, Olympic Cards has fully settled its dues to Religare Finvest Ltd on October 30, 2025. The company utilized the proceeds from the sale of its property at Kannigaiper, Thiruvallur District, to clear this long-pending debt. The property was sold for a total consideration of Rs 18.00 crores.

The Board of Directors has taken this step to reduce finance costs, penalties, and fines payable on overdue amounts, which may potentially improve the company's financial position in the coming quarters.

Outstanding Liabilities

Despite the settlement with Religare Finvest, Olympic Cards still faces significant financial obligations:

1. Bank Dues:

   • HDFC Bank (Overdraft): Rs 5.92 crores
   • HDFC Bank (Term Loan): Rs 4.06 crores
   • ICICI Bank: Rs 52.74 lakhs

2. GST Dues: The company has pending GST dues totaling Rs 2.95 crores, with appeals pending for most amounts.

3. Employee-related Dues:

   • Employees Provident Fund: Rs 5.02 lakhs (for April 2025 to September 2025)
   • Employees State Insurance: Rs 4.96 lakhs (from August 2022 to September 2025)

Balance Sheet Overview

As of September 30, 2025, Olympic Cards reported:

• Total Assets: Rs 4,279.83 lakhs
• Total Liabilities: Rs 4,350.17 lakhs
• Negative Equity: Rs 70.34 lakhs

The negative equity position indicates that the company's liabilities exceed its assets, highlighting the financial challenges it continues to face.

Future Outlook

While the settlement of dues to Religare Finvest is a positive step, Olympic Cards Limited still faces significant financial hurdles. The company's ability to manage its remaining debt obligations and improve operational performance will be crucial for its future prospects.

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.