RATING RATIONALE
15Jul2025

August Ventures Pvt. Ltd.

Brickwork Ratings has withdrawn the long-term ratings assigned for the bank loan facilities of August Ventures Pvt. Ltd.

Particulars
Facilities/Instruments** Amount (Rs.Crs.) Tenure Rating#
Previous Present Previous
(23 Aug 2024)
Present
Fund Based 5.84 0.00 Long Term BWR BB/Stable
Reaffirmation
Withdrawal
Grand Total 5.84 0.00 (Rupees Zero Crores Only)
#Please refer to BWR website www.brickworkratings.com for definition of the ratings
**Complete details of Bank facilities / NCDs is provided in Annexure-I
*** Federal Bank has issued a No Dues Certificate/Closure Certificate dated 1st July 2025 for the Lease Rental Discounting facility (Rent Securitization Account), and Loan Against Property (Property Power Loan). which has been kept on record while withdrawing the ratings, as per BWR's withdrawal policy.

RATING ACTION / WITHDRAWAL

Brickwork Ratings (BWR) has withdrawn the long-term rating assigned to the bank loan facilities of August Ventures Pvt. Ltd., as detailed in the table above. The withdrawal is based on the company’s request and confirmation that all facilities rated by BWR have been fully settled. A No Dues Certificate (NDC) issued by the sole banker, Federal Bank, has been obtained and is held on record. The rating withdrawal is in accordance with BWR’s withdrawal policy and the applicable regulatory guidelines.

COMPANY's / FIRM's PROFILE
Macro Economic Indicator Sector Industry Basic Industry
Consumer Discretionary Realty Realty Residential, Commercial Projects

August Ventures Private Limited, incorporated in 2002, is promoted and managed by Chairman and Managing Director Mr. Biju P. John. Headquartered on Campbell Road, opposite St. Philomena's Hospital in Bangalore, the company specializes in building premium residential and commercial spaces.

The company has diversified into the automobile sector by acquiring the trademarks "LAMBRETTA" and "LAMBRO" from Scooters India Limited in FY23.

The company is a member of CREDAI and is highly regarded for its project, August Park, which stands out as the first residential development among CREDAI-affiliated builders to receive the CARE award for Best Green Residential Building in the Bangalore Zone. Additionally, the company is a proud member of The Indo Italian Chamber of Commerce and Industry (IICCI) and the Bangalore Chamber of Industry and Commerce (BCIC). August Park is further distinguished as the first residential building in the Bengaluru zone to earn a "GOLD" certification from IGBC.

The company's Real Estate Regulatory Authority Karnataka Project Permanent Registration Number is PRM/KA/RERA/1251/446/PR/171014/000242.

NON-COOPERATION WITH PREVIOUS CREDIT RATING AGENCY(IF ANY)

Not Applicable

ANY OTHER INFORMATION

Not Applicable.

RATING HISTORY FOR THE PREVIOUS THREE YEARS(including withdrawal and suspended)
Name of Instrument (NCD/Bank Loan /Non- Fund Based facilitates/ Commercial Paper etc.) Current Rating  (2025) 2024 2023 2022
Type Tenure Amount
(Rs.Crs.)
Rating Date Rating Date Rating Date Rating
Fund Based LT 0.00
Withdrawal
23Aug2024
BWR BBStable
(Reaffirmation)
22Aug2023
BWR BBStable
(Reaffirmation)
05Jul2022
BWR BBStable
(Reaffirmation)
Grand Total 0.00 (Rupees Zero Crores Only)
*** Federal Bank has issued a No Dues Certificate/Closure Certificate dated 1st July 2025 for the Lease Rental Discounting facility (Rent Securitization Account), and Loan Against Property (Property Power Loan). which has been kept on record while withdrawing the ratings, as per BWR's withdrawal policy. Hyperlink/Reference to applicable Criteria
Analytical Contacts

Likith M S

Rating Analyst likith.ms@brickworkratings.com

Suryanarayan N

Associate Director - Ratings suryanarayan.n@brickworkratings.com
1-860-425-2742 | media@brickworkratings.com Customer Support | CustSupport@brickwrokratings.com
August Ventures Pvt. Ltd.
ANNEXURE-I
Details of Bank Facilities rated by BWR
SL.No. Name of the Bank/Lender Type Of Facilities Long Term(Rs.Crs.) Short Term(Rs.Crs.) Total(Rs.Crs.) Complexity of the Instrument
1 Federal Bank Lease Rental DiscountingOut-standing _ _ 0.00 Simple##
2 Federal Bank Loans against PropertyOut-standing _ _ 0.00 Simple##
Total 0.00 0.00 0.00
TOTAL (Rupees Zero Crores Only)
* Federal Bank has issued a No Dues Certificate/Closure Certificate dated 1st July 2025 for the Lease Rental Discounting facility (Rent Securitization Account), and Loan Against Property (Property Power Loan). which has been kept on record while withdrawing the ratings, as per BWR's withdrawal policy.

## BWR complexity levels are meant for educating investors. The BWR complexity levels are available at www.brickworkratings.com / download / ComplexityLevels.pdf. Investors queries can be sent to info@brickworkratings.com.

ANNEXURE-II
INSTRUMENT(NCD/Bonds/CP/FDs) DETAILS

InstrumentIssue DateAmount (Rs.Crs)Coupon Rate (%)Maturity DateISIN ParticularsComplexity of the Instrument
NilNilNilNilNilNilNil

ANNEXURE-III
List of entities consolidated

Name of Entity% OwnershipExtent of consolidationRationale for consolidation
NilNilNilNil

Print and Digital Media

The Rating Rationale is sent to you for the sole purpose of dissemination through your print, digital or electronic media. While it may be used by you acknowledging credit to BWR, please do not change the wordings in the rationale to avoid conveying a meaning different from what was intended by BWR. BWR alone has the sole right of sharing (both direct and indirect) its rationales for consideration or otherwise through any print or electronic or digital media.

About Brickwork Ratings

Brickwork Ratings (BWR), a Securities and Exchange Board of India [SEBI] registered Credit Rating Agency and accredited by Reserve Bank of India [RBI], offers credit ratings of Bank Loan, Non- convertible / convertible / partially convertible debentures and other capital market instruments and bonds, Commercial Paper, perpetual bonds, asset-backed and mortgage-backed securities, partial guarantees and other structured / credit enhanced debt instruments, Security Receipts, Securitization Products, Municipal Bonds, etc. BWR has rated over 11,560 medium and large corporates and financial institutions’ instruments. BWR has also rated NGOs, Educational Institutions, Hospitals, Real Estate Developers, Urban Local Bodies and Municipal Corporations. BWR has Canara Bank, a leading public sector bank, as one of the promoters and strategic partner.

Disclaimer

Brickwork Ratings India Pvt. Ltd. (BWR), a Securities and Exchange Board of India [SEBI] registered Credit Rating Agency and accredited by the Reserve Bank of India [RBI], offers credit ratings of Bank Loan facilities, Non- convertible / convertible / partially convertible debentures and other capital market instruments and bonds, Commercial Paper, perpetual bonds, asset-backed and mortgage-backed securities, partial guarantees and other structured / credit enhanced debt instruments, Security Receipts, Securitization Products, Municipal Bonds, etc. [ hereafter referred to as "Instruments"]. BWR also rates NGOs, Educational Institutions, Hospitals, Real Estate Developers, Urban Local Bodies and Municipal Corporations.

BWR wishes to inform all persons who may come across Rating Rationales and Rating Reports provided by BWR that the ratings assigned by BWR are based on information obtained from the issuer of the instrument and other reliable sources, which in BWR's best judgment are considered reliable. The Rating Rationale / Rating Report & other rating communications are intended for the jurisdiction of India only. The reports should not be the sole or primary basis for any investment decision within the meaning of any law or regulation (including the laws and regulations applicable in Europe and also the USA).

BWR also wishes to inform that access or use of the said documents does not create a client relationship between the user and BWR.

The ratings assigned by BWR are only an expression of BWR's opinion on the entity / instrument and should not in any manner be construed as being a recommendation to either, purchase, hold or sell the instrument.

BWR also wishes to abundantly clarify that these ratings are not to be considered as an investment advice in any jurisdiction nor are they to be used as a basis for or as an alternative to independent financial advice and judgment obtained from the user's financial advisors. BWR shall not be liable to any losses incurred by the users of these Rating Rationales, Rating Reports or its contents. BWR reserves the right to vary, modify, suspend or withdraw the ratings at any time without assigning reasons for the same.

BWR's ratings reflect BWR's opinion on the day the ratings are published and are not reflective of factual circumstances that may have arisen on a later date. BWR is not obliged to update its opinion based on any public notification, in any form or format although BWR may disseminate its opinion and analysis when deemed fit.

Neither BWR nor its affiliates, third party providers, as well as the directors, officers, shareholders, employees or agents (collectively, "BWR Party") guarantee the accuracy, completeness or adequacy of the Ratings, and no BWR Party shall have any liability for any errors, omissions, or interruptions therein, regardless of the cause, or for the results obtained from the use of any part of the Rating Rationales or Rating Reports. Each BWR Party disclaims all express or implied warranties, including, but not limited to, any warranties of merchantability, suitability or fitness for a particular purpose or use. In no event shall any BWR Party be liable to any one for any direct, indirect, incidental, exemplary, compensatory, punitive, special or consequential damages, costs, expenses, legal fees, or losses (including, without limitation, lost income or lost profits and opportunity costs) in connection with any use of any part of the Rating Rationales and/or Rating Reports even if advised of the possibility of such damages. However, BWR or its associates may have other commercial transactions with the company/entity. BWR and its affiliates do not act as a fiduciary.

BWR keeps certain activities of its business units separate from each other in order to preserve the independence and objectivity of the respective activity. As a result, certain business units of BWR may have information that is not available to other BWR business units. BWR has established policies and procedures to maintain the confidentiality of certain non-public information received in connection with each analytical process.

BWR clarifies that it may have been paid a fee by the issuers or underwriters of the instruments, facilities, securities etc., or from obligors. BWR's public ratings and analysis are made available on its web site, www.brickworkratings.com. More detailed information may be provided for a fee. BWR's rating criteria are also generally made available without charge on BWR's website.

This disclaimer forms an integral part of the Ratings Rationales / Rating Reports or other press releases, advisories, communications issued by BWR and circulation of the ratings without this disclaimer is prohibited.

BWR is bound by the Code of Conduct for Credit Rating Agencies issued by the Securities and Exchange Board of India and is governed by the applicable regulations issued by the Securities and Exchange Board of India as amended from time to time.