Olympic Cards Limited has disclosed a loan default to HDFC Bank Ltd amounting to Rs 0.1517 crore under mandatory regulatory filing requirements. The Chennai-based wedding cards manufacturer reported the default in its filing to the Bombay Stock Exchange on February 24, 2026.

Default Details

The company defaulted on its term loan obligations to HDFC Bank Ltd on January 27, 2026. The default amount breakdown shows:

Loan Facility Information

The defaulted obligation relates to a secured term loan facility with specific terms and conditions:

Financial Position Overview

Olympic Cards Limited's overall debt position reflects the company's current financial obligations across multiple lending institutions:

The total financial indebtedness figure includes both short-term and long-term debt obligations of the company as reported in its September 2025 financial statements.

Company Background

Olympic Cards Limited, incorporated in 1992 with CIN L65993TN1992PLC022521, operates as a manufacturer of wedding cards and related stationery products. The company has been in service for 59 years and maintains its registered office at 195, N.S.C. Bose Road, Chennai. The disclosure was signed by Dr. S. Kuppan, Company Secretary and Compliance Officer, in compliance with regulatory requirements for listed entities regarding defaults on loan payments.

Olympic Cards Limited has issued an erratum to correct a typographical error in its recent financial results filing with the Bombay Stock Exchange. The Chennai-based wedding cards manufacturer filed the correction on February 14, 2026, addressing an error in its Q3FY26 unaudited financial results statement.

Erratum Details

The company's erratum specifically addresses a mistake in the filing submitted on February 12, 2026, under reference OCL/BSE/2025-26/74. The correction pertains to the "Extract of Unaudited Financial Results (Standalone) for the Quarter and Nine months ended December 31, 2025" statement.

Nature of Correction

The typographical error occurred in the second line of the "Note" section of the financial results statement. The incorrect reference "December 2026" has been corrected to read "December 2025" to accurately reflect the reporting period.

Regulatory Compliance

The erratum was filed under Regulation 30 of the Securities and Exchange Board of India (SEBI) regulations, which mandates disclosure of material events and information. Company Secretary and Compliance Officer Dr. S. Kuppan signed the correction notice, expressing regret for the mistake and requesting that the exchange bring this correction to the attention of members and investors.

Company Background

Olympic Cards Limited operates as a manufacturer of wedding cards, greeting cards, business cards, office stationery, and various printing materials. The company maintains operations across multiple locations including Chennai, Kodambakkam, and Coimbatore, with its registered office at N.S.C. Bose Road, Chennai.

The erratum ensures accurate documentation of the company's Q3FY26 financial results period, maintaining transparency and regulatory compliance for stakeholders and investors.