Olympic Cards Limited announced defaults on payment of interest repayment of principal amount on loans from banks. Nature of obligation: Mortgage Loan. Name of the Lender (s): Religare Finvest Ltd. Date of default: November 2, 2022.

Current default amount: Principal - INR 0.418 million. Interest -INR 0.328 million. Total amount of outstanding borrowings from Banks /financial institutions: INR 292.7 million.

Total financial indebtedness of the listed entity including short- term and long-term debt: INR 352.1 million.