Olympic Cards Limited announced defaults on payment of interest repayment of principal amount on loans from banks. Nature of obligation: Term Loan. Name of the Lender: ICICI Bank.

Date of default: August 10, 2023. Current default amount: Principal - INR 0.153 million. Interest - INR 0.119 million.

Total amount of outstanding borrowings from Banks /financial institutions: INR 216.2 million. Total financial indebtedness of the listed entity including short- term and long-term debt: INR 336.3 million.