<b>Format of Initial Disclosure to be made by an entity identified as a Large Corporate.</b><br/><br/> <table border=''1px''><tr> <td><b>Sr. No.</b></td> <td><b>Particulars</b></td> <td><b>Details</b></td> ....
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Awaiting price reaction for this filing.
Olympia Industries Ltd has submitted an initial disclosure to the BSE confirming that, as of March 31, 2025, it does not fall under the 'Large Corporate' (LC) category defined under SEBI circulars dated November 26, 2018 and October 19, 2023. The company's outstanding borrowings stood at Rs. 56.67 crore as on March 31, 2025, which is below the Large Corporate threshold. The firm also disclosed its highest credit rating during the previous financial year as ACUITE BB+ from Acuité Ratings & Research Limited, indicating moderate credit quality. The company is headquartered in Goregaon (East), Mumbai (CIN: L52100MH1987PLC045248) and trades under scrip code 521105. The filing was signed by Company Secretary Akshay Firodiya and CFO Ramjeevan Khedia on April 17, 2025.
This is a routine regulatory compliance filing with no direct impact on shareholders or stock price. It simply confirms that Olympia Industries has borrowing levels below the Large Corporate threshold and therefore has no mandatory obligation to raise funds through debt securities under the SEBI framework.