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. ATLANTAA LIMITED (Formerly Known as Atlanta Limited) An ISO 9001:2015 Company 501, Supreme Chambers, Off Veera Desai Road, Andheri (West), Mumbai - 400 053. Phone :+91-22.698911(4140 Lines) E-Mail : mail@atlantaalimited.in | Website : www.atlantaalimited.com CIN : L64200MH1984PLC031852 To, To, Corporate Service Department Corporate Service Department Bombay Stock Exchange limited National Stock Exchange of India Ltd. P.]. Towers, 1st Floor, Exchange Plaza, Dalal Street, Bandra-Kurla Complex, Mumbai 400 001 Bandra (E) Mumbai - 400 051. Scrip Code: 532759 Scrip Code: ATLANTAA Subject: Intimation of reaffirmed credit ratings Dear Sir/Madam. In accordance with Regulation 30 read with Para A of Schedule |11 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations. 2015. as amended. this is to inform you that Infomerics Valuation and Rating Limited vide its Press Release dated October 13. 2026 reaffirmed the ratings of the Company as follows: Total Proposed Bank Loan Facilities Rated Rs 100 Crores Long Term Rating IVR BB+/Stable (Rating Reaffirmed) Short Term Rating . IVR A4+ (Rating Reaffirmed) We further submit that intimation of reaffirmed credit rating to Stock Exchange was delayed as official communication from Infomerics Valuation and Rating Limited was inadvertently routed to our official spam folder and went unnoticed. which led to an unintended delay in making the immediate exchange disclosure. We note that there has been a delay of 5 days beyond the prescribed 24-hour timeline under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Please note that as soon as the matter was brought to the attention of the Compliance Team, the Company took immediate steps to upload the disclosure on the Exchange portal. Furthermore, the news being a neutral re-affirmation of our existing rating, there was absolutely no intent to withhold material information from the market or prejudice the interests of the investors. You are requested to kindly take the above information on record. For Atlantaa Limited Rajhoo Bbarot Chairman DIN:00038219 Date: 19.10.2026 Place: Mumbai Press Release Infomerics Ratings Atlantaa Limited October 13,2026 Rating Action Total Bank Loan Facilities | Rs.100.00 Crore Regulator® Rated Long Term Rating IVR BB+ /Stable (Rating Reaffirmed) RBI Short Term Rating IVR A4+ (Rating Reaffirmed) RBI AKindly note that for activities or instruments falling under the purview of FSRs other than SEBI, the grievance/dispute redressal mechanisms and investor protection mechanisms provided by SEBI shall not be available. Refer Annexures for details of facilities/instruments, facility wise lender details, and detailed explanation of covenants. Note: None of the Directors on Infomerics Board are members of rating committee and thus do not participate in discussion or assignment of any ratings. The Board of Directors also does not discuss any ratings at its meetings. Rationale Infomerics has reaffirmed its ratings to the bankfacilities of Atlantaa Limited as it derives comfort from the sizeable EPC order book, experienced promoters, long track record of operation and revenues diversified across EPC and real estate development. However, these rating strengths are partially offset by the volatility in scale of operations, nascent stage of construction of the Atlantaa Enclave II project and the related project execution risk and exposure to cyclicaliatnyd regulatory risks in the real estate sector. Outlook: Stable Stable outlook is due to large order book of EPC division, and the 2 on-going residential projects which provides revenue visibility for the medium term. Analytical Approach Approach Comments Consolidation/ Standalone Standalone Parent/ Group Support NA List of companies considered for consolidation/combined analysis is given at Annexure 4. Key Rating Drivers with Detailed Description Strengths Sizeable EPC order book and real estate development portfolio provide revenue diversification as well as visibility Page |1 www.infomerics.com Press Release oo o Infomerics Ratings The company has healthy unexecuted order in hand of Rs. 2485 crore as on 30t June 2026 from Bhandara-Gadchiroli road project providing revenue visibility and cash flow generation potential for the medium term. Additionally, the saleable value of Atlantaa Enclave 11 residential project (launched, under construction) is Rs. 601.00 crore and for Atlantaa Exotica project (yet to be launched) is Rs. 553.00 crore which provides revenue visibility till December 2030. Experienced Promoters Promoters of the company namely Rickiin Barot and Rajhoo Barot have more than two to four decades of experience in the infrastructure industry. Promoters of the firm are supported by an experienced second line of management. The extensive experience of promoters in the industry has enabled the promoters to understand the complexity of the business and develop its reputation in the domestic market. Long track record of operations The company has been in operation for more than four decades since its inception in 1984. It has an extensive experience in construction and maintenance infrastructure projects for various government and local authorities. The company also has experience in development of real estate projects for both residential and commercial purposes. This long-standing experience has helped the company to build strong relationships with its suppliers and customers. Weaknesses Volatility in scale of operations The company’s scale of operations has remained volatile, with total operating income increasing sharply from Rs. 14.06 crore in FY23 to Rs. 88.52 crore in FY24, before declining to Rs. 29.49 crore in FY25 and further to Rs. 27.23 crore in FY26. The sharp increase in FY24 was primarily driven by higher revenue from the EPC segment; however, EPC income subsequently moderated from Rs. 87.92 crore in FY24 to Rs. 29.49 crore in FY25 and Rs. 12.57 crore in FY26. The decline was partly offset by revenue of Rs. 14.30 crore from the real estate segment in FY26 following the commencement of the Atlantaa Enclave II project during Q4FY26. The company’s revenue profile remains susceptible to the timing of project awards, pace of execution, receipt of statutory approvals, availability of work fronts and milestone-based revenue recognition inherent in the EPC and real estate businesses. Nascent stage of construction and project-execution risk: As of June 30, 2026, Atlantaa Enclave II had incurred Rs.91.41 crore against an estimated project cost of Rs.475.07 crore, translating into construction progress of approximately 19.24%. Page |2 www.infomerics.com Press Release oo o Infomerics Ratings Accordingly, with less than one-fifth of the estimated project cost incurred and substantial construction remaining until the RERA completion date of December 31, 2028, the project is considered to be at a nascent stage. Cash flow adequacy ratio (defined as committed receivables from sold units divided by balance construction cost and debt outstanding) is 24.55% for this project as of June 30, 2026 reflecting the significant execution risk linked to this project. . Out of total 805 units, the company had achieved 203 bookings as of September 18, 2026, reflecting approximately 25.00% of bookings. The project therefore remains exposed to market and collection risks as the projectis funded through Promoters contribution and customer advances. The overall cash-flow coverage ratio is approximately 1.29x FY27-FY29. Dependence on the timely conversion of bookings into collections expose the project to execution delays, cost overruns and pressure on cash flows. The company’s ability to accelerate construction, improve bookings and collections, and adhere to the milestones stipulated under the RERA schedule will remain key rating monitorable. Further, the company has undertaken a redevelopment project in Borivali, which is presently at the approval stage and is [Showing first 8,000 characters — download PDF for full document]