Pursuant to Regulation 30 (LODR) Regulation, 2015, please find enclosed details of credit rating reviewed by Acuite Rating and Research Limited.
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Awaiting price reaction for this filing.
Olympia Industries has informed the BSE that Acuité Ratings & Research has re-affirmed its credit rating on the company's bank loan facilities. The rating stands at ACUITE BB+ with a Stable outlook for a Rs. 25 crore cash credit facility from State Bank of India. The rating action was communicated via a letter dated September 3, 2025. Notably, the company has disclosed that it has filed an appeal against this re-affirmed rating, with the relevant details available on Acuité's website. The rating is valid until August 11, 2026, subject to standard surveillance reviews.
For shareholders, the rating remains unchanged at BB+/Stable, which is below the investment-grade threshold and signals moderate credit risk for the company. The unusual step of appealing a re-affirmation (rather than a downgrade) suggests management may have been seeking a better rating and views this assessment as conservative, though no change in rating has occurred.