Olympic Cards Ltd — Important, 06-11-2025: Company Update

Olympic Cards Ltd sold its property at Kannigaiper Village for Rs. 18 Cr. This strategic sale aims to clear long-pending overdue amounts owed to banks, financial institutions, statutory authorities, and suppliers. The company expects this action to significantly reduce finance costs, penalties, and fines, thereby improving its overall financial performance and strengthening its position for future growth initiatives. Importantly, the company assured that day-to-day operations will not be negatively impacted, and the buyer is not a related party.