Olympic Cards: Announcement Under Regulation 30 (LODR)-Updates (Intimation Regarding Full Repayment Of Bank Loan)

Pursuant to Regulation 30 read with Para B Part A of Schedule III of the SEBI (LODR) Regulations 2015 we wish to inform that we have fully repaid and closed the following loan facility granted by Religare Finvest Ltd with the advance amount got from the proposed buyer of the property of the Company at Kannigaiper Village.Type of facility - Mortgage loanOriginal loan amount - Re. 5.05 croresDate of availing Loan - 30-09-2015Date of full repayment - 30-10-2025Reason for closure - Pre-payment- to reduce finance costImpact on the company (if any) - Reduction in finance cost.We confirm that all the outstanding dues related to this loan have been settled in full and we are in the process of obtaining No Due Certificate/Loan Closure Certificate and the original documents from the bank.