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Date	Entity Name			Rating Action
1st Jul 25	INCREDIBLE INDUSTRIES LIMITED			Instrument & Lender Details INCREDIBLE INDUSTRIES LIMITED To: CC: Note: By clicking on send button you shall be sharing a copy of rating release on the mentioned Email IDs. Captcha 5 + 4 = I am not a robot
	Cash Credit	Long-term	INR 10 Cr	ACUITE BBB Stable
	Cash Credit	Long-term	INR 5.55 Cr	ACUITE BBB Stable
	Cash Credit	Long-term	INR 10.68 Cr	ACUITE BBB Stable
	Proposed Cash Credit	Long-term	INR 1.77 Cr	ACUITE BBB Stable
	Letter of Credit	Short-term	INR 6 Cr	ACUITE A3+
	Bank Guarantee (BLR)	Short-term	INR 3 Cr	ACUITE A3+
	Letter of Credit	Short-term	INR 5 Cr	ACUITE A3+
1st Jul 25	ADHUNIK CORPORATION LIMITED			Instrument & Lender Details ADHUNIK CORPORATION LIMITED To: CC: Note: By clicking on send button you shall be sharing a copy of rating release on the mentioned Email IDs. Captcha 2 + 7 = I am not a robot
	Cash Credit	Long-term	INR 10 Cr	ACUITE BBB Stable
	Cash Credit	Long-term	INR 11 Cr	ACUITE BBB Stable
	Bank Guarantee (BLR)	Short-term	INR 1.5 Cr	ACUITE A3+
	Bank Guarantee (BLR)	Short-term	INR 12.5 Cr	ACUITE A3+
1st Jul 25	INDO ALLIED PROTEIN FOODS PRIVATE LIMITED			Instrument & Lender Details INDO ALLIED PROTEIN FOODS PRIVATE LIMITED To: CC: Note: By clicking on send button you shall be sharing a copy of rating release on the mentioned Email IDs. Captcha 6 + 1 = I am not a robot
	Cash Credit	Long-term	INR 25 Cr	ACUITE BBB Stable
	Cash Credit	Long-term	INR 40 Cr	ACUITE BBB Stable
	Bank Guarantee (BLR)	Short-term	INR 0.8 Cr	ACUITE A3+
	Bank Guarantee (BLR)	Short-term	INR 9.2 Cr	ACUITE A3+
	Bank Guarantee (BLR)	Short-term	INR 10.8 Cr	ACUITE A3+
1st Jul 25	NESTOR PHARMACEUTICALS LIMITED			Instrument & Lender Details NESTOR PHARMACEUTICALS LIMITED To: CC: Note: By clicking on send button you shall be sharing a copy of rating release on the mentioned Email IDs. Captcha 4 + 6 = I am not a robot
	Cash Credit	Long-term	INR 26.56 Cr	ACUITE BBB- Stable
	Term Loan	Long-term	INR 1.41 Cr	ACUITE BBB- Stable
	Cash Credit	Long-term	INR 25 Cr	ACUITE BBB- Stable
	Term Loan	Long-term	INR 2.79 Cr	ACUITE BBB- Stable
	Term Loan	Long-term	INR 1.95 Cr	ACUITE BBB- Stable
	Proposed Long Term Loan	Long-term	INR 4.29 Cr	ACUITE BBB- Stable
	Letter of Credit	Short-term	INR 5 Cr	ACUITE A3
	Bank Guarantee (BLR)	Short-term	INR 5 Cr	ACUITE A3
	Letter of Credit	Short-term	INR 5 Cr	ACUITE A3
	Bank Guarantee (BLR)	Short-term	INR 15 Cr	ACUITE A3
1st Jul 25	SAROJ ENTERPRISE			Instrument & Lender Details SAROJ ENTERPRISE To: CC: Note: By clicking on send button you shall be sharing a copy of rating release on the mentioned Email IDs. Captcha 5 + 9 = I am not a robot
	Cash Credit	Long-term	INR 25 Cr	ACUITE BBB Stable
	Proposed Cash Credit	Long-term	INR 25 Cr	ACUITE BBB Stable
1st Jul 25	SHIVA ENTERPRISE			Instrument & Lender Details SHIVA ENTERPRISE To: CC: Note: By clicking on send button you shall be sharing a copy of rating release on the mentioned Email IDs. Captcha 7 + 8 = I am not a robot
	Cash Credit	Long-term	INR 25 Cr	ACUITE BBB Stable
	Cash Credit	Long-term	INR 25 Cr	ACUITE BBB Stable
	Cash Credit	Long-term	INR 19 Cr	ACUITE BBB Stable
	Bank Guarantee (BLR)	Short-term	INR 6 Cr	ACUITE A3+
1st Jul 25	NATIONAL HOUSING BANK			Instrument & Lender Details NATIONAL HOUSING BANK To: CC: Note: By clicking on send button you shall be sharing a copy of rating release on the mentioned Email IDs. Captcha 8 + 3 = I am not a robot
	Proposed Bond	Long-term	INR 10000 Cr	ACUITE AAA Stable
1st Jul 25	V U B ENGINEERING LIMITED (ERSTWHILE V U B ENGINEERING PRIVATE LIMITED)			Instrument & Lender Details V U B ENGINEERING LIMITED (ERSTWHILE V U B ENGINEERING PRIVATE LIMITED) To: CC: Note: By clicking on send button you shall be sharing a copy of rating release on the mentioned Email IDs. Captcha 6 + 1 = I am not a robot
	Cash Credit	Long-term	INR 25 Cr	ACUITE BB+
	Cash Credit	Long-term	INR 10 Cr	ACUITE BB+
	Cash Credit	Long-term	INR 10 Cr	ACUITE BB+
	Letter of Credit	Short-term	INR 10 Cr	ACUITE A4+
	Bank Guarantee/Letter of Guarantee	Short-term	INR 45 Cr	ACUITE A4+
	Letter of Credit	Short-term	INR 5 Cr	ACUITE A4+
	Bank Guarantee/Letter of Guarantee	Short-term	INR 30 Cr	ACUITE A4+
	Letter of Credit	Short-term	INR 5 Cr	ACUITE A4+
	Bank Guarantee/Letter of Guarantee	Short-term	INR 10 Cr	ACUITE A4+
1st Jul 25	OSWAL PUMPS LIMITED			Instrument & Lender Details OSWAL PUMPS LIMITED To: CC: Note: By clicking on send button you shall be sharing a copy of rating release on the mentioned Email IDs. Captcha 7 + 6 = I am not a robot
	Cash Credit	Long-term	INR 48.75 Cr	ACUITE Not Applicable
	Bank Guarantee/Letter of Guarantee	Short-term	INR 1.25 Cr	ACUITE Not Applicable
1st Jul 25	SREE METALIKS LIMITED			Instrument & Lender Details SREE METALIKS LIMITED To: CC: Note: By clicking on send button you shall be sharing a copy of rating release on the mentioned Email IDs. Captcha 3 + 4 = I am not a robot
	Proposed Long Term Bank Facility	Long-term	INR 200 Cr	ACUITE BBB+ Stable
	Proposed Short Term Bank Facility	Short-term	INR 50 Cr	ACUITE A2+
1st Jul 25	ADANI ENTERPRISES LIMITED			Instrument & Lender Details ADANI ENTERPRISES LIMITED To: CC: Note: By clicking on send button you shall be sharing a copy of rating release on the mentioned Email IDs. Captcha 4 + 2 = I am not a robot
	Commercial Paper Program	Short-term	INR 2000 Cr	ACUITE A1+ Stable
30th Jun 25	THE ANDHRA PRADESH MINERAL DEVELOPMENT CORPORATION LIMITED			Instrument & Lender Details THE ANDHRA PRADESH MINERAL DEVELOPMENT CORPORATION LIMITED To: CC: Note: By clicking on send button you shall be sharing a copy of rating release on the mentioned Email IDs. Captcha 4 + 2 = I am not a robot
	Proposed Non Convertible Debentures	Long-term	INR 1526.27 Cr	ACUITE Provisional AA (CE) Stable
	Proposed Non Convertible Debentures	Long-term	INR 4000 Cr	ACUITE Provisional AA (CE) Stable
	Non-Covertible Debentures (NCD)	Long-term	INR 385.97 Cr	ACUITE AA (CE) Stable
	Non-Covertible Debentures (NCD)	Long-term	INR 385.97 Cr	ACUITE AA (CE) Stable
	Non-Covertible Debentures (NCD)	Long-term	INR 385.97 Cr	ACUITE AA (CE) Stable
	Non-Covertible Debentures (NCD)	Long-term	INR 385.97 Cr	ACUITE AA (CE) Stable
	Non-Covertible Debentures (NCD)	Long-term	INR 385.97 Cr	ACUITE AA (CE) Stable
	Non-Covertible Debentures (NCD)	Long-term	INR 385.97 Cr	ACUITE AA (CE) Stable
	Non-Covertible Debentures (NCD)	Long-term	INR 385.97 Cr	ACUITE AA (CE) Stable
	Non-Covertible Debentures (NCD)	Long-term	INR 385.97 Cr	ACUITE AA (CE) Stable
	Non-Covertible Debentures (NCD)	Long-term	INR 385.97 Cr	ACUITE AA (CE) Stable
30th Jun 25	VISHVARAJ INFRASTRUCTURE PRIVATE LIMITED (ERSTWHILE VISHVARAJ INFRASTRUCTURE LIMITED)			Instrument & Lender Details VISHVARAJ INFRASTRUCTURE PRIVATE LIMITED (ERSTWHILE VISHVARAJ INFRASTRUCTURE LIMITED) To: CC: Note: By clicking on send button you shall be sharing a copy of rating release on the mentioned Email IDs. Captcha 2 + 7 = I am not a robot
	Cash Credit	Long-term	INR 13 Cr	ACUITE BBB- Stable
	Bank Guarantee (BLR)	Short-term	INR 50 Cr	ACUITE A3
30th Jun 25	BELLSTONE HI-TECH INTERNATIONAL			Instrument & Lender Details BELLSTONE HI-TECH INTERNATIONAL To: CC: Note: By clicking on send button you shall be sharing a copy of rating release on the mentioned Email IDs. Captcha 8 + 9 = I am not a robot
	Cash Credit	Long-term	INR 9.43 Cr	ACUITE B-
	Proposed Cash Credit	Long-term	INR 2.1 Cr	ACUITE B-
	Letter of Credit	Short-term	INR 0.47 Cr	ACUITE A4
30th Jun 25	GHK HOSPITALITY AND INFRASTRUCTURES LIMITED			Instrument & Lender Details GHK HOSPITALITY AND INFRASTRUCTURES LIMITED To: CC: Note: By clicking on send button you shall be sharing a copy of rating release on the mentioned Email IDs. Captcha 9 + 1 = I am not a robot
	Non-Covertible Debentures (NCD)	Long-term	INR 46 Cr	ACUITE C
30th Jun 25	JAI BHARAT RICE MILLS			Instrument & Lender Details JAI BHARAT RICE MILLS To: CC: Note: By clicking on send button you shall be sharing a copy of rating release on the mentioned Email IDs. Captcha 2 + 6 = I am not a robot
	Cash Credit	Long-term	INR 19.75 Cr	ACUITE B
	Term Loan	Long-term	INR 0.25 Cr	ACUITE B
	Warehouse Receipt Financing	Short-term	INR 5 Cr	ACUITE A4
30th Jun 25	M BABU REDDY			Instrument & Lender Details M BABU REDDY To: CC: Note: By clicking on send button you shall be sharing a copy of rating release on the mentioned Email IDs. Captcha 5 + 1 = I am not a robot
	Term Loan	Long-term	INR 128.97 Cr	ACUITE B
	Proposed Long Term Bank Facility	Long-term	INR 1.03 Cr	ACUITE B
30th Jun 25	SHREE R N METALS INDIA PRIVATE LIMITED			Instrument & Lender Details SHREE R N METALS INDIA PRIVATE LIMITED To: CC: Note: By clicking on send button you shall be sharing a copy of rating release on the mentioned Email IDs. Captcha 8 + 5 = I am not a robot
	Cash Credit	Long-term	INR 5 Cr	ACUITE B
	Stand By Line of Credit	Long-term	INR 1 Cr	ACUITE B
	Letter of Credit	Short-term	INR 1 Cr	ACUITE A4
	Bank Guarantee/Letter of Guarantee	Short-term	INR 4 Cr	ACUITE A4
30th Jun 25	SRI VASUDEVA SAWMILL AND WOOD WORKS			Instrument & Lender Details SRI VASUDEVA SAWMILL AND WOOD WORKS To: CC: Note: By clicking on send button you shall be sharing a copy of rating release on the mentioned Email IDs. Captcha 1 + 5 = I am not a robot
	Secured Overdraft	Long-term	INR 2 Cr	ACUITE B
	Proposed Long Term Bank Facility	Long-term	INR 1 Cr	ACUITE B
	Letter of Credit	Short-term	INR 5.5 Cr	ACUITE A4
30th Jun 25	MOTHER EARTH ENVIRON TECH PRIVATE LIMITED			Instrument & Lender Details MOTHER EARTH ENVIRON TECH PRIVATE LIMITED To: CC: Note: By clicking on send button you shall be sharing a copy of rating release on the mentioned Email IDs. Captcha 7 + 4 = I am not a robot
	Term Loan	Long-term	INR 20 Cr	ACUITE B
	Term Loan	Long-term	INR 8 Cr	ACUITE B
	Term Loan	Long-term	INR 32 Cr	ACUITE B