Olympic Cards Debt & Borrowing: ₹8.4 Cr
Olympic Cards Ltd closed its Rs. 8.40 Crore HDFC Bank loan using funds from interest-free unsecured loans provided by two directors.
- Value
- ₹8.40 Cr
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Olympic Cards Ltd closed its Rs. 8.40 Crore HDFC Bank loan using funds from interest-free unsecured loans provided by two directors.
Olympic Cards reported a default of ₹0.15 Crore on a term loan from HDFC Bank. The default occurred on May 28, 2025.
Olympic Cards Ltd (BSE: 534190) confirmed its status as a 'Non-Large Corporate' for FY 2026-27 under SEBI guidelines. The company reported outstanding borrowings of ₹9.28 Crore as of March 31, 2026. This disclosure clarifies that mandatory debt market borrowing requirements do not apply to the company.