Olympic Cards Limited announced defaults on payment of interest repayment of principal amount on loans from banks. Nature of obligation: Term Loan. Name of the Lender: ICICI Bank.

Date of default: September 10, 2023. Current default amount: Principal- INR 0.154 million and Interest- INR 0.118 million. Total INR 0.272 million.

Details of the obligation (total principal amount in INR million, tenure, interest rate, Secured/Unsecured etc.): INR 104.0 million, 108 months, 9.75%, secured. Total amount of outstanding borrowings from Banks/financial institutions (in INR million): INR 216.2 million and Total outstanding ICICI bank: INR 15.7 million.