With reference to letter No.OCL/BSE/2019-20/89, dated 11.09.2019 informing about the default in EMI payment of Rs 0.1564 Crores on 10.09.2019 in respect of the Term Loan, Olympic Cards has now informed that the said Term Loan EMI amount of Rs 0.1564 Crores (Principal - Rs 0.1181 Crores and Interest - Rs.0.0383 Crores Total 0.1564 Cr) (Total Rs 15,64,313) has been paid on 15.10.2019 to the Loan Lender ICICI Bank and there is no default amount payable to the above Bank as on date. The above information is a part of company’s filings submitted to BSE.