OMAXE LIMITED — Regulatory Filings 2021

Jun 30, 2021

OL/SE/311/June 2021-22

7 OMAXE
Turning dreams into reality
OL/SE/311/June 2021-22			June 30, 2021
The SecretaryBSE Limited		The Secretary
:Phiroze Jeejeebhoy Towers LimitedDalal Street , Mumbai 400 001		National Stock Exchange of India Ltd.Exchange PlazaBandra Kurla ComplexBandra (E)
Securitycode:532880		Mumbai 400 051Symbol: OMAXE
Fax No 022-22723121/2037/39/41/61		Fax No 022-2659 8237/38
Subject: Intimation regarding Credit Ratings to the Company
Dear Sir/Madam,Pursuant to Regulations 30 and other applicable regulations,following	Credit Ratings by Credit Analysis and Research Limited (CARE):-	if any,of SEBIDisclosure Requirements) Regulations, 2015, we would like to inform that the Company has been assigned	(Listing Obligations and
Instrument	Amount	Rating	Remarks
Fixed DepositProgramme	(Rs. Crore)36.47(Rs. Thirty-SixCroreand Forty-SevenLakhs Only)	CARE D(FD) [Single D:(Fixed Deposit)]	"BB* (FD), Stable.:d[Double B Plus (FixedDeposit); Outlook:
Note: Outstanding as on March 01, 2021			aeStable]
Facilities	Amount	Rating	Remarks
Long Term Bank Facilities 1,202.00 (Enhanced	(Rs. Crore)from 1,200.00)	CARE D(Single D)	Revised from CAREBB+; Stable (DoubleB Plus; Outlook:

Subject: Intimation regarding Credit Ratings to the Company

Instrument	Amount(Rs. Crore)	Rating	Remarks
Fixed DepositProgramme	36.47(Rs. Thirty-SixCroreand Forty-SevenLakhs Only)	CARE D(FD) [Single D:(Fixed Deposit)]	"BB* (FD), Stable.:d[Double B Plus (FixedDeposit); Outlook:aeStable]

OL/SE/311/June 2021-22			June 30, 2021
The SecretaryBSE Limited:Phiroze Jeejeebhoy Towers LimitedDalal Street , Mumbai 400 001Securitycode:532880Fax No 022-22723121/2037/39/41/61		The SecretaryNational Stock Exchange of India Ltd.Exchange PlazaBandra Kurla ComplexBandra (E)Mumbai 400 051Symbol: OMAXEFax No 022-2659 8237/38
Subject: Intimation regarding Credit Ratings to the Company
Dear Sir/Madam,Pursuant to Regulations 30 and other applicable regulations,following	Credit Ratings by Credit Analysis and Research Limited (CARE):-	if any,of SEBIDisclosure Requirements) Regulations, 2015, we would like to inform that the Company has been assigned	(Listing Obligations and
Instrument	Amount(Rs. Crore)	Rating	Remarks
Fixed DepositProgramme	36.47(Rs. Thirty-SixCroreand Forty-SevenLakhs Only)	CARE D(FD) [Single D:(Fixed Deposit)]	"BB* (FD), Stable.:d[Double B Plus (FixedDeposit); Outlook:aeStable]
Note: Outstanding as on March 01, 2021
Facilities	Amount(Rs. Crore)	Rating	Remarks
Long Term Bank Facilities 1,202.00 (Enhanced	from 1,200.00)	CARE D(Single D)	Revised from CAREBB+; Stable (DoubleB Plus; Outlook:Stable)
Long Term / Short TermBank Facilities	90.00 (Reducedfrom 115.00)	CARE D (Single D)	Revised from CAREBB+; Stable / CAREA4+ (Double B Plus ;Outlook: Stable / AFour Plus)
Total Facilities	1,292.00 (Rs. OneThousand TwoHundred Ninety-TwoCrore Only) _

The rationale & key rating drivers indicating the reasons for downward revision are as follows:

Detailed Rationale & Key Rating Drivers

The rating has been revised on account of delays in servicing of its debt obligations due to stressed liquidity position resulting from the slowdown in real estate market due to covid-19.

Key Rating Sensitivity

Positive Factors

* Timely repayment of its debt on timely basis.

* Timely completion of the project within the estimated timelines

"This is to inform that please make all correspondence with us on our Corporate Office Address only" OMAX

Corporate Office: 7, Local Shopy Tel.: +91-11-41896680-85, 4189310(

Regd. Office: Shop No. 19-B loor yy Toll Free No. 18001020064, Website: www.omaxe.com, CIN: L74899HR1989P Umaxe VLeleDdral } all, oonna ROaC aol

Further to inform you that in view of Covid 19 Pandemic, the Company has been operating with limited resources due to which the Company inadvertently failed to disclose the same within prescribed timelines as per SEBI (LODR) Regulations, 2015.

You are requested to take the note of the same.