Olympic Cards Limited announced defaults on payment of interest repayment of principle amount on loans from banks. Date of making the disclosure is July 2, 2024. Nature of obligation is Mortgage Loan.

Name of the Lender is Religare Finvest Ltd. Date of default is June 10, 2024. Current default amount (break up of principal and interest): Principal: INR 0.498 million. Interest: INR 0.248 million.

Total: INR 0.746 million (INR 746,127). Details of the obligation (total principal amount, tenure, interest rate. Secured /Unsecured etc.): INR 50.5 million - 120 months /secured/Interest Rate: 13.6%.

Religare Outstanding is INR 21.5 million. Total amount of outstanding borrowings from Banks /financial institutions: INR 153.0 million. Total financial indebtedness of the listed entity including short-term and long-term debt: INR 336.3 million as on March 31, 2023.