Press Release December 17, 2024 DIGAMBER CAPFIN LIMITED Rating Withdrawn

Product	Quantum (Rs. Cr)	Long Term Rating	Short Term Rating
Bank Loan Ratings	43.16	Not Applicable | Withdrawn	-
Total Outstanding	0.00	-	-
Total Withdrawn	43.16	-	-

Rating Rationale

­Acuité has withdrawn the long-term rating on the Rs. 43.16 Cr. bank loan facilities of Digamber Capfin Limited (DCL) without assigning any rating as the instruments are fully paid.  The withdrawal is on account of request received from client, NOC (No Objection Certificate) received from the respective banks and is in accordance with Acuite's policy on withdrawal of ratings as applicable to the respective facility / instrument.

About the company

­DCL, incorporated in 1995, is a Rajasthan based Non-Banking Financial Company- Microfinance Institution (NBFC - MFI). DCL is promoted by Mr. Rajiv Jain & Mr. Amit Jain. It offers credit and other financial products to the rural and semi- urban areas. It lends under joint liability group (JLG) model and also provides loans to individual people.

Unsupported Rating

­Not Applicable

Analytical Approach

­Not Applicable

Key Rating Drivers

Strength

­­Not Applicable

Weakness

­­Not Applicable

Rating Sensitivity

­­Not Applicable

Liquidity Position

­­Not Applicable

Outlook: Not Applicable

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Other Factors affecting Rating

­None

Key Financials - Standalone / Originator

­ Particulars Unit FY24 (Actual) FY23 (Actual) Total Assets Rs. Cr. 1218.16 1084.33 Total Income* Rs. Cr. 174.86 169.81 PAT Rs. Cr. 24.21 39.41 Net Worth Rs. Cr. 261.22 236.71 Return on Average Assets (RoAA) (%) 2.10 3.84 Return on Average Net Worth (RoNW) (%) 9.73 18.19 Debt/Equity Times 3.54 3.41 Gross NPA (Owned portfolio) (%) 3.84 2.95 Net NPA (Owned portfolio) (%) 1.60 0.99 *Total income equals Net interest income plus Other income

Status of non-cooperation with previous CRA (if applicable):

­Not Applicable

Any other information

­None

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 • Non-Banking Financing Entities: https://www.acuite.in/view-rating-criteria-44.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 20 Feb 2024 Term Loan Long Term 3.82 ACUITE BBB | Stable (Reaffirmed) Term Loan Long Term 5.21 ACUITE BBB | Stable (Reaffirmed) Term Loan Long Term 4.24 ACUITE BBB | Stable (Reaffirmed) Proposed Term Loan Long Term 29.89 ACUITE BBB | Stable (Reaffirmed) 22 Nov 2022 Term Loan Long Term 13.81 ACUITE BBB | Stable (Upgraded from ACUITE BB) Term Loan Long Term 17.27 ACUITE BBB | Stable (Upgraded from ACUITE BB) Term Loan Long Term 11.72 ACUITE BBB | Stable (Upgraded from ACUITE BB) Proposed Term Loan Long Term 0.36 ACUITE BBB | Stable (Upgraded from ACUITE BB) 24 Aug 2021 Term Loan Long Term 20.00 ACUITE BB (Downgraded & Issuer not co-operating* from ACUITE BB+) Term Loan Long Term 18.02 ACUITE BB (Downgraded & Issuer not co-operating* from ACUITE BB+) Term Loan Long Term 5.14 ACUITE BB (Downgraded & Issuer not co-operating* from ACUITE BB+)

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Annexure - Details of instruments rated

Lender’s Name ISIN Facilities Date Of Issuance Coupon Rate Maturity Date Quantum (Rs. Cr.) Complexity Level Rating Not Applicable Not avl. / Not appl. Proposed Term Loan Not avl. / Not appl. Not avl. / Not appl. Not avl. / Not appl. 29.89 Simple Not Applicable|Withdrawn Canara Bank Not avl. / Not appl. Term Loan 27 Sep 2021 Not avl. / Not appl. 27 Sep 2024 3.82 Simple Not Applicable|Withdrawn Bank of India Not avl. / Not appl. Term Loan 07 Sep 2021 Not avl. / Not appl. 30 Sep 2024 5.21 Simple Not Applicable|Withdrawn IDBI Bank Ltd. Not avl. / Not appl. Term Loan 30 Oct 2021 Not avl. / Not appl. 31 Oct 2024 4.24 Simple Not Applicable|Withdrawn

Contacts

Mohit Jain Senior Vice President - Rating Operations Nattasha Venkatesh 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.