Olympic Cards Limited at its board meeting held on July 22, 2021, approved to avail Additional Credit Facilities upto a principal sum of INR 1,60,00,000 (Rupees One crores only) from HDFC Bank Limited to the company by way of secured term loan taking the total additional/enhanced facilities to INR 11,83,65,000 (Eleven crores eighty three lakhs sixty five thousand only) herein after referred to as the "Credit Facilities on the terms, conditions and securities mentioned in HDFC Bank's letter of offer sanction letter dated July 20, 2021 and on any other terms and conditions (including the security(ies) which may be stipulated by HDFC Bank and intimated to the Company from time to time.