Olympic Cards Ltd — Others, 22-08-2025: Others

OLYMPIC CARDS LIMITED has defaulted on a mortgage loan from Religare Finvest Ltd. The current default amount is Rs 0.0746 Cr, comprising Rs 0.0589 Cr in principal and Rs 0.0157 Cr in interest. This specific loan, originally for Rs 5.05 Cr and secured at a 14.50% interest rate, has an outstanding principal of Rs 1.31 Cr with Religare. The company's total borrowings from banks and financial institutions aggregate Rs 12.48 Cr, with overall financial indebtedness reaching Rs 25.71 Cr. This default highlights a critical liquidity event for the company.