Default28 Jun 2026, 07:00 pm
Olympic Cards Defaults on ₹0.15 Cr Term Loan Payment to HDFC Bank
AI Summary
Olympic Cards Limited has disclosed a default on a term loan facility provided by HDFC Bank. The default occurred on May 28, 2026, with a current outstanding amount of ₹0.1517 crore (₹15,17,273), comprising ₹0.1260 crore in principal and ₹0.0257 crore in interest. The total loan obligation was ₹15.5 crore with a tenure of 120 months at an interest rate of 11.05%. As of March 31, 2026, the company's total outstanding borrowings from banks and financial institutions stood at ₹8.69 crore, with total financial indebtedness at ₹8.74 crore.
Key Highlights
- Olympic Cards defaults on HDFC Bank term loan.
- Default amount is ₹0.1517 crore (principal + interest).
- Loan tenure was 120 months at 11.05% interest.
- Total borrowings stand at ₹8.69 crore.
- Total financial indebtedness is ₹8.74 crore.
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