Olympic Cards Limited announced default in relation to the term loan from HDFC Bank Ltd. Date of default is 18 November 2023. Current default amount. Total: INR 2,026,186.

Details of the obligation: INR 155 million. Interest rate: 9.25%. HDFC Bank Ltd. total outstanding INR 61.3 million.

Total amount of outstanding borrowings from Banks: INR 216.2 million. Total financial indebtedness of the listed entity including short- term and long-term debt: INR 336.3 million.