Press Release June 26, 2025 AUM CAPITAL MARKET PRIVATE LIMITED Rating Downgraded,Reaffirmed and Issuer not co-operating

Product	Quantum (Rs. Cr)	Long Term Rating	Short Term Rating
Bank Loan Ratings	115.00	ACUITE BB | Downgraded | Issuer not co-operating*	-
Bank Loan Ratings	75.00	ACUITE BB+ | CE | Downgraded | Issuer not co-operating*	-
Bank Loan Ratings	10.00	-	ACUITE A4+ | Reaffirmed | Issuer not co-operating*
Total Outstanding	200.00	-	-
Total Withdrawn	0.00	-	-
* The issuer did not co-operate; based on best available information.

This Erratum publishes correction of the omitted rating suffix (CE) that was missed in the original press release dated August 20, 2024

Rating Rationale

­­Acuité has downgraded its long-term rating to ‘ACUITE BB+ (CE)' (read as ACUITE double B plus (Credit Enhancement)) from 'ACUITE A-(CE)' (read as ACUITE A minus (Credit Enhancement)) on the Rs.75.00 Cr. bank loan facilities of Aum Capital Market Private Limited. Acuité has downgraded its long-term rating to ‘ACUITE BB' (read as ACUITE double B) from 'ACUITE BB+' (read as ACUITE double B plus) on the Rs.115.00 Cr. bank loan facilities of Aum Capital Market Private Limited.  Acuite has reaffirmed the short-term rating of ACUITE A4+ (read as ACUITE A four plus) on Rs. 10.00 crore bank facility of Aum Capital Market Private Limited.  The rating has been downgraded on account of  information risk. The rating is now flagged as 'Issuer not co-operating' and is based on the best avaliable information.

About the Company

­­Incorporated in 2005, Kolkata based, Aum Capital Market Private Limited (ACPL) is a securities broking company engaged in offering brokerage services mainly to Institutional clients. It also provides ancillary services like providing depository services, distribution of mutual funds, financial advisory. ACPL is a member of National Stock Exchange (NSE), Bombay Stock Exchange (BSE) and Multi Commodity Exchange of India Limited (MCX). The company is promoted by Mr. Aditya Choudhary and Mr. Siddharth Choudhary. ACPL has two subsidiary companies Aum Bima Suraksha Broking Private Limited (engaged in Insurance Broking) and Aum Commodity Services Private Limited (engaged in Commodity Broking).

Unsupported Rating

ACUITE BB/ A4+

Non-cooperation by the issuer/borrower

­Acuité has been requesting for data, information and undertakings from the rated entity for conducting surveillance & review of the rating. However, the issuer / borrower failed to submit such information before the due date. Acuité believes that information risk is a critical component in such ratings, and noncooperation by the issuer along with an unwillingness to provide information could be a sign of potential deterioration in its overall credit quality. This rating is therefore being flagged as “Issuer not-cooperating”, in line with prevailing SEBI regulations and Acuité’s policies.

Limitation regarding information availability

This rating is based on information available from sources other than the issuer / borrower (in the absence of information provided by the issuer / borrower) . Acuite endeavoured to gather information about the entity/industry from the public domain. Any rating with the suffix 'Issuer not cooperating' is assigned without any management interaction with the issuer entity or any data / information from the entity. Sometimes this non co-operation by a rated entity may be due to a result of deterioration in the credit risk profile of the entity. Therefore, Acuité cautions lenders and investors regarding the use of such information, on which the indicative credit rating is based.

Assessment of Adequacy of Credit Enhancement under various scenarios including stress scenarios (applicable for ratings factoring specified support considerations with or without the “CE” suffix)

­"No information provided by the issuer / available for Acuite to comment upon."

Rating Sensitivities

­"No information provided by the issuer / available for Acuite to comment upon."

Liquidity Position

­"No information provided by the issuer / available for Acuite to comment upon."

Outlook: Not Applicable

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Other Factors affecting Rating

­None

Key Financials:

­ Particulars Unit FY23 (Prov) FY22 (Actual) Total Assets Rs. Cr. 66.50 82.51 Total Income* Rs. Cr. 41.08 44.47 PAT Rs. Cr. 3.66 8.54 Net Worth Rs. Cr. 42.26 38.73 Return on Average Assets (RoAA) (%) 4.91 11.61 Return on Average Net Worth (RoNW) (%) 9.03 24.73 Debt/Equity Times 0.27 0.29 Gross NPA (%) NA NA Net NPA (%) NA NA *Total income equals to Net Interest Income plus other income.

Status of non-cooperation with previous CRA

­Not Applicable

Any other information

­­Acuite has received the NDS for the month of July 2024 from the rated entity, confirming the no default on its debt obligations.

Applicable Criteria

• Application Of Financial Ratios And Adjustments: https://www.acuite.in/view-rating-criteria-53.htm • Banks And Financial Institutions: https://www.acuite.in/view-rating-criteria-45.htm • Default Recognition: https://www.acuite.in/view-rating-criteria-52.htm • Explicit Credit Enhancements: https://www.acuite.in/view-rating-criteria-49.htm

Note on complexity levels of the rated instrument

­In order to inform the investors about complexity of instruments, Acuité has categorized such instruments in three levels: Simple, Complex and Highly Complex. Acuite’s categorisation of the instruments across the three categories is based on factors like variability of the returns to the investors, uncertainty in cash flow patterns, number of counterparties and general understanding of the instrument by the market. It has to be understood that complexity is different from credit risk and even an instrument categorized as 'Simple' can carry high levels of risk. For more details, please refer Rating Criteria “Complexity Level Of Financial Instruments” on www.acuite.in.

Rating History

Date Name of Instruments/Facilities Term Amount (Rs. Cr) Rating/Outlook 23 May 2023 Cash Credit Long Term 75.00 ACUITE A- (CE) | Stable (Reaffirmed) Cash Credit Long Term 40.00 ACUITE BB+ | Stable (Reaffirmed) Proposed Long Term Bank Facility Long Term 58.25 ACUITE BB+ | Stable (Reaffirmed) Secured Overdraft Long Term 6.75 ACUITE BB+ | Stable (Reaffirmed) Working Capital Demand Loan (WCDL) Long Term 10.00 ACUITE BB+ | Stable (Reaffirmed) Bank Guarantee/Letter of Guarantee Short Term 10.00 ACUITE A4+ (Reaffirmed) 22 Feb 2022 Proposed Long Term Bank Facility Long Term 103.25 ACUITE BB+ | Stable (Reaffirmed) Secured Overdraft Long Term 6.75 ACUITE BB+ | Stable (Reaffirmed) Secured Overdraft Long Term 5.00 ACUITE BB+ | Stable (Reaffirmed) Working Capital Demand Loan (WCDL) Long Term 10.00 ACUITE BB+ | Stable (Reaffirmed) Cash Credit Long Term 50.00 ACUITE A- (CE) | Stable (Reaffirmed) Cash Credit Long Term 15.00 ACUITE BB+ | Stable (Reaffirmed) Bank Guarantee/Letter of Guarantee Short Term 10.00 ACUITE A4+ (Reaffirmed)

Annexure - Details of instruments rated

Lender’s Name ISIN Facilities Date Of Issuance Coupon Rate Maturity Date Quantum (Rs. Cr.) Complexity Level Rating ICICI Bank Ltd Not avl. / Not appl. Bank Guarantee/Letter of Guarantee Not avl. / Not appl. Not avl. / Not appl. Not avl. / Not appl. 10.00 Simple ACUITE A4+ | Reaffirmed | Issuer not co-operating* Federal Bank Not avl. / Not appl. Cash Credit Not avl. / Not appl. Not avl. / Not appl. Not avl. / Not appl. 75.00 Simple ACUITE BB+ | CE | Downgraded | Issuer not co-operating* ( from ACUITE A- CE ) ICICI Bank Ltd Not avl. / Not appl. Cash Credit Not avl. / Not appl. Not avl. / Not appl. Not avl. / Not appl. 40.00 Simple ACUITE BB | Downgraded | Issuer not co-operating* ( from ACUITE BB+ ) Not Applicable Not avl. / Not appl. Proposed Long Term Bank Facility Not avl. / Not appl. Not avl. / Not appl. Not avl. / Not appl. 58.25 Simple ACUITE BB | Downgraded | Issuer not co-operating* ( from ACUITE BB+ ) Federal Bank Not avl. / Not appl. Secured Overdraft Not avl. / Not appl. Not avl. / Not appl. Not avl. / Not appl. 6.75 Simple ACUITE BB | Downgraded | Issuer not co-operating* ( from ACUITE BB+ ) ICICI Bank Ltd Not avl. / Not appl. Working Capital Demand Loan (WCDL) Not avl. / Not appl. Not avl. / Not appl. Not avl. / Not appl. 10.00 Simple ACUITE BB | Downgraded | Issuer not co-operating* ( from ACUITE BB+ )

* The issuer did not co-operate; based on best available information.

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Contacts

Mohit Jain Chief Analytical Officer - Rating Operations Nivedita Gokul Associate Analyst - Rating Operations	Contact details exclusively for investors and lenders Mob: +91 8591310146 Email ID: analyticalsupport@acuite.in

About Acuité Ratings & Research

Acuité is a full-service Credit Rating Agency registered with the Securities & Exchange Board of India (SEBI). The company received RBI Accreditation as an External Credit Assessment Institution (ECAI) for Bank Loan Ratings under BASEL-II norms in the year 2012. Acuité has assigned ratings to various securities, debt instruments and bank facilities of entities spread across the country and across a wide cross section of industries. It has its Registered and Head Office in Kanjurmarg, Mumbai. Disclaimer: An Acuité rating does not constitute an audit of the rated entity and should not be treated as a recommendation or opinion that is intended to substitute for a financial adviser's or investor's independent assessment of whether to buy, sell or hold any security. Ratings assigned by Acuité are based on the data and information provided by the issuer and obtained from other reliable sources. Although reasonable care has been taken to ensure that the data and information is true, Acuité, in particular, makes no representation or warranty, expressed or implied with respect to the adequacy, accuracy or completeness of the information relied upon. Acuité is not responsible for any errors or omissions and especially states that it has no financial liability whatsoever for any direct, indirect or consequential loss of any kind, arising from the use of its ratings. Ratings assigned by Acuité are subject to a process of surveillance which may lead to a revision in ratings as and when the circumstances so warrant. Please visit our website (www.acuite.in) for the latest information on any instrument rated by Acuité. Please visit https://www.acuite.in/faqs.htm to refer FAQs on Credit Rating. Note: None of the Directors on the Board of Acuité Ratings & Research Limited are members of any rating committee and therefore do not participate in discussions regarding the rating of any entity.