Olympic Cards Limited has disclosed a default on its term loan payment to HDFC Bank Ltd, marking a significant development for the Chennai-based wedding cards and stationery manufacturer. The company filed the mandatory disclosure with the Bombay Stock Exchange on January 30, 2026, regarding the payment default that occurred on December 31, 2025.

Default Details and Financial Impact

The total default amount stands at Rs. 0.1517 crore, breaking down into specific components that highlight the company's payment challenges.

Loan Facility Specifications

The defaulted payment relates to a substantial term loan facility that Olympic Cards had secured from HDFC Bank Ltd under specific terms and conditions.

Overall Debt Position

The disclosure provides insight into Olympic Cards' broader financial obligations and debt structure. The company's total outstanding borrowings from banks and financial institutions amount to Rs. 9.28 crore. As of September 30, 2025, the company's total financial indebtedness, including both short-term and long-term debt, stood at Rs. 12.23 crore.

Company Background

Olympic Cards Limited, incorporated in 1992 with CIN L65993TN1992PLC022521, operates from its registered office at 195, N.S.C. Bose Road, Chennai. The company has been in the wedding cards business for over 50 years, manufacturing a diverse range of products including wedding cards, greeting cards, business cards, office stationery, notebooks, diaries, calendars, and various printing materials. The company trades on BSE under script code 534190.

Regulatory Compliance

The disclosure was made in accordance with regulatory requirements mandating listed entities to inform stock exchanges about defaults on payment of interest or repayment of principal amounts on loans from banks and financial institutions. This transparency measure ensures that investors and stakeholders remain informed about material developments affecting the company's financial standing.

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.