Olympic Cards Ltd — Important, 01-11-2025: Company Update

Olympic Cards Limited has fully repaid and closed its Mortgage Loan facility with Religare Finvest Ltd, which had an original amount of Rs.5.05 Crores. This prepayment was funded by an advance received from a proposed buyer of the company's property at Kannigaiper Village. The company's rationale for this move is to reduce finance costs, which is a positive development expected to improve the company's financial health and profitability for stakeholders.