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Date	Entity Name				Rating Action
20th Jan 26	SHREE SWAMINARAYAN GURUKUL				Instrument & Lender Details SHREE SWAMINARAYAN GURUKUL To: CC: Note: By clicking on send button you shall be sharing a copy of rating release on the mentioned Email IDs. Captcha 7 + 9 = I am not a robot
	Term Loan		Long-term	INR 45 Cr	ACUITE BB+ <img src='public/assets/frontend/images/Downgraded.png' class='symbol-img table-symbol'title='Downgraded'><img src='public/assets/frontend/images/inc.png' class='symbol-img table-symbol'title='Issuer Not Co-operating (INC)'>
20th Jan 26	H F METALART PRIVATE LIMITED				Instrument & Lender Details H F METALART 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 + 7 = I am not a robot
	Cash Credit		Long-term	INR 3.75 Cr	ACUITE B- <img src='public/assets/frontend/images/reaffirmed.png' class='symbol-img table-symbol'title='Reaffirmed'><img src='public/assets/frontend/images/inc.png' class='symbol-img table-symbol'title='Issuer Not Co-operating (INC)'>
	Packing Credit		Short-term	INR 3.25 Cr	ACUITE A4 <img src='public/assets/frontend/images/reaffirmed.png' class='symbol-img table-symbol'title='Reaffirmed'><img src='public/assets/frontend/images/inc.png' class='symbol-img table-symbol'title='Issuer Not Co-operating (INC)'>
	Bank Guarantee/Letter of Guarantee		Short-term	INR 7 Cr	ACUITE A4 <img src='public/assets/frontend/images/reaffirmed.png' class='symbol-img table-symbol'title='Reaffirmed'><img src='public/assets/frontend/images/inc.png' class='symbol-img table-symbol'title='Issuer Not Co-operating (INC)'>
20th Jan 26	TECHMAN BUILDWELL PRIVATE LIMITED				Instrument & Lender Details TECHMAN BUILDWELL 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 + 5 = I am not a robot
	Term Loan		Long-term	INR 10 Cr	ACUITE C <img src='public/assets/frontend/images/reaffirmed.png' class='symbol-img table-symbol'title='Reaffirmed'><img src='public/assets/frontend/images/inc.png' class='symbol-img table-symbol'title='Issuer Not Co-operating (INC)'>
	Proposed Term Loan		Long-term	INR 20 Cr	ACUITE C <img src='public/assets/frontend/images/reaffirmed.png' class='symbol-img table-symbol'title='Reaffirmed'><img src='public/assets/frontend/images/inc.png' class='symbol-img table-symbol'title='Issuer Not Co-operating (INC)'>
20th Jan 26	INA INDIA LIMITED				Instrument & Lender Details INA INDIA LIMITED 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
	Cash Credit		Long-term	INR 25 Cr	ACUITE D <img src='public/assets/frontend/images/reaffirmed.png' class='symbol-img table-symbol'title='Reaffirmed'><img src='public/assets/frontend/images/inc.png' class='symbol-img table-symbol'title='Issuer Not Co-operating (INC)'>
	Term Loan		Long-term	INR 0.08 Cr	ACUITE D <img src='public/assets/frontend/images/reaffirmed.png' class='symbol-img table-symbol'title='Reaffirmed'><img src='public/assets/frontend/images/inc.png' class='symbol-img table-symbol'title='Issuer Not Co-operating (INC)'>
	Term Loan		Long-term	INR 1.56 Cr	ACUITE D <img src='public/assets/frontend/images/reaffirmed.png' class='symbol-img table-symbol'title='Reaffirmed'><img src='public/assets/frontend/images/inc.png' class='symbol-img table-symbol'title='Issuer Not Co-operating (INC)'>
	Proposed Long Term Bank Facility		Long-term	INR 3.36 Cr	ACUITE D <img src='public/assets/frontend/images/reaffirmed.png' class='symbol-img table-symbol'title='Reaffirmed'><img src='public/assets/frontend/images/inc.png' class='symbol-img table-symbol'title='Issuer Not Co-operating (INC)'>
	Letter of Credit		Short-term	INR 10 Cr	ACUITE D <img src='public/assets/frontend/images/reaffirmed.png' class='symbol-img table-symbol'title='Reaffirmed'><img src='public/assets/frontend/images/inc.png' class='symbol-img table-symbol'title='Issuer Not Co-operating (INC)'>
20th Jan 26	KESHAV OVERSEAS				Instrument & Lender Details KESHAV OVERSEAS To: CC: Note: By clicking on send button you shall be sharing a copy of rating release on the mentioned Email IDs. Captcha 7 + 1 = I am not a robot
	Term Loan		Long-term	INR 2.5 Cr	ACUITE B- <img src='public/assets/frontend/images/reaffirmed.png' class='symbol-img table-symbol'title='Reaffirmed'><img src='public/assets/frontend/images/inc.png' class='symbol-img table-symbol'title='Issuer Not Co-operating (INC)'>
	Cash Credit		Long-term	INR 9.9 Cr	ACUITE B- <img src='public/assets/frontend/images/reaffirmed.png' class='symbol-img table-symbol'title='Reaffirmed'><img src='public/assets/frontend/images/inc.png' class='symbol-img table-symbol'title='Issuer Not Co-operating (INC)'>
	Proposed Long Term Bank Facility		Long-term	INR 6 Cr	ACUITE B- <img src='public/assets/frontend/images/reaffirmed.png' class='symbol-img table-symbol'title='Reaffirmed'><img src='public/assets/frontend/images/inc.png' class='symbol-img table-symbol'title='Issuer Not Co-operating (INC)'>
	Bank Guarantee/Letter of Guarantee		Short-term	INR 0.1 Cr	ACUITE A4 <img src='public/assets/frontend/images/reaffirmed.png' class='symbol-img table-symbol'title='Reaffirmed'><img src='public/assets/frontend/images/inc.png' class='symbol-img table-symbol'title='Issuer Not Co-operating (INC)'>
20th Jan 26	M D AGRO FOODS				Instrument & Lender Details M D AGRO FOODS To: CC: Note: By clicking on send button you shall be sharing a copy of rating release on the mentioned Email IDs. Captcha 1 + 2 = I am not a robot
	Cash Credit		Long-term	INR 30 Cr	ACUITE B- <img src='public/assets/frontend/images/Downgraded.png' class='symbol-img table-symbol'title='Downgraded'><img src='public/assets/frontend/images/inc.png' class='symbol-img table-symbol'title='Issuer Not Co-operating (INC)'>
	PC/PCFC		Short-term	INR 5 Cr	ACUITE A4 <img src='public/assets/frontend/images/reaffirmed.png' class='symbol-img table-symbol'title='Reaffirmed'><img src='public/assets/frontend/images/inc.png' class='symbol-img table-symbol'title='Issuer Not Co-operating (INC)'>
20th Jan 26	MAGPIE GLOBAL LIMITED				Instrument & Lender Details MAGPIE GLOBAL 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 + 4 = I am not a robot
	Cash Credit		Long-term	INR 6 Cr	ACUITE B- <img src='public/assets/frontend/images/Downgraded.png' class='symbol-img table-symbol'title='Downgraded'><img src='public/assets/frontend/images/inc.png' class='symbol-img table-symbol'title='Issuer Not Co-operating (INC)'>
	Bank Guarantee (BLR)		Short-term	INR 1 Cr	ACUITE A4 <img src='public/assets/frontend/images/reaffirmed.png' class='symbol-img table-symbol'title='Reaffirmed'><img src='public/assets/frontend/images/inc.png' class='symbol-img table-symbol'title='Issuer Not Co-operating (INC)'>
	Proposed Letter of Credit		Short-term	INR 3 Cr	ACUITE A4 <img src='public/assets/frontend/images/reaffirmed.png' class='symbol-img table-symbol'title='Reaffirmed'><img src='public/assets/frontend/images/inc.png' class='symbol-img table-symbol'title='Issuer Not Co-operating (INC)'>
20th Jan 26	MEGHDIPA LOGISTICS PRIVATE LIMITED				Instrument & Lender Details MEGHDIPA LOGISTICS 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 5 + 8 = I am not a robot
	Cash Credit		Long-term	INR 0.7 Cr	ACUITE B- <img src='public/assets/frontend/images/reaffirmed.png' class='symbol-img table-symbol'title='Reaffirmed'><img src='public/assets/frontend/images/inc.png' class='symbol-img table-symbol'title='Issuer Not Co-operating (INC)'>
	Proposed Cash Credit		Long-term	INR 0.6 Cr	ACUITE B- <img src='public/assets/frontend/images/reaffirmed.png' class='symbol-img table-symbol'title='Reaffirmed'><img src='public/assets/frontend/images/inc.png' class='symbol-img table-symbol'title='Issuer Not Co-operating (INC)'>
	Proposed Long Term Loan		Long-term	INR 14 Cr	ACUITE B- <img src='public/assets/frontend/images/reaffirmed.png' class='symbol-img table-symbol'title='Reaffirmed'><img src='public/assets/frontend/images/inc.png' class='symbol-img table-symbol'title='Issuer Not Co-operating (INC)'>
20th Jan 26	RIDDHI SIDDHI COTEX PRIVATE LIMITED				Instrument & Lender Details RIDDHI SIDDHI COTEX 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 + 1 = I am not a robot
	Cash Credit		Long-term	INR 5 Cr	ACUITE BB- <img src='public/assets/frontend/images/Downgraded.png' class='symbol-img table-symbol'title='Downgraded'><img src='public/assets/frontend/images/inc.png' class='symbol-img table-symbol'title='Issuer Not Co-operating (INC)'>
	Cash Credit		Long-term	INR 40 Cr	ACUITE BB- <img src='public/assets/frontend/images/Downgraded.png' class='symbol-img table-symbol'title='Downgraded'><img src='public/assets/frontend/images/inc.png' class='symbol-img table-symbol'title='Issuer Not Co-operating (INC)'>
	Cash Credit		Long-term	INR 30 Cr	ACUITE BB- <img src='public/assets/frontend/images/Downgraded.png' class='symbol-img table-symbol'title='Downgraded'><img src='public/assets/frontend/images/inc.png' class='symbol-img table-symbol'title='Issuer Not Co-operating (INC)'>
	PC/PCFC		Short-term	INR 20 Cr	ACUITE A4+ <img src='public/assets/frontend/images/reaffirmed.png' class='symbol-img table-symbol'title='Reaffirmed'><img src='public/assets/frontend/images/inc.png' class='symbol-img table-symbol'title='Issuer Not Co-operating (INC)'>
20th Jan 26	RUDRA AND COMPANY				Instrument & Lender Details RUDRA AND COMPANY To: CC: Note: By clicking on send button you shall be sharing a copy of rating release on the mentioned Email IDs. Captcha 3 + 1 = I am not a robot
	Cash Credit		Long-term	INR 9.5 Cr	ACUITE B- <img src='public/assets/frontend/images/Downgraded.png' class='symbol-img table-symbol'title='Downgraded'><img src='public/assets/frontend/images/inc.png' class='symbol-img table-symbol'title='Issuer Not Co-operating (INC)'>
	Bank Guarantee (BLR)		Short-term	INR 1.1 Cr	ACUITE A4 <img src='public/assets/frontend/images/reaffirmed.png' class='symbol-img table-symbol'title='Reaffirmed'><img src='public/assets/frontend/images/inc.png' class='symbol-img table-symbol'title='Issuer Not Co-operating (INC)'>
20th Jan 26	SHAKTHI VETFEEDS INDIA PRIVATE LIMITED				Instrument & Lender Details SHAKTHI VETFEEDS 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 2 + 3 = I am not a robot
	Cash Credit		Long-term	INR 6 Cr	ACUITE B- <img src='public/assets/frontend/images/reaffirmed.png' class='symbol-img table-symbol'title='Reaffirmed'><img src='public/assets/frontend/images/inc.png' class='symbol-img table-symbol'title='Issuer Not Co-operating (INC)'>
	Proposed Long Term Bank Facility		Long-term	INR 4 Cr	ACUITE B- <img src='public/assets/frontend/images/reaffirmed.png' class='symbol-img table-symbol'title='Reaffirmed'><img src='public/assets/frontend/images/inc.png' class='symbol-img table-symbol'title='Issuer Not Co-operating (INC)'>
20th Jan 26	SHARDA TIMBER PRIVATE LIMITED				Instrument & Lender Details SHARDA TIMBER 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 1 + 6 = I am not a robot
	Cash Credit		Long-term	INR 5 Cr	ACUITE B- <img src='public/assets/frontend/images/Downgraded.png' class='symbol-img table-symbol'title='Downgraded'><img src='public/assets/frontend/images/inc.png' class='symbol-img table-symbol'title='Issuer Not Co-operating (INC)'>
	Letter of Credit		Short-term	INR 28.5 Cr	ACUITE A4 <img src='public/assets/frontend/images/reaffirmed.png' class='symbol-img table-symbol'title='Reaffirmed'><img src='public/assets/frontend/images/inc.png' class='symbol-img table-symbol'title='Issuer Not Co-operating (INC)'>
20th Jan 26	VISUELL CREATIONS				Instrument & Lender Details VISUELL CREATIONS To: CC: Note: By clicking on send button you shall be sharing a copy of rating release on the mentioned Email IDs. Captcha 9 + 6 = I am not a robot
	Cash Credit		Long-term	INR 3.5 Cr	ACUITE B- <img src='public/assets/frontend/images/Downgraded.png' class='symbol-img table-symbol'title='Downgraded'><img src='public/assets/frontend/images/inc.png' class='symbol-img table-symbol'title='Issuer Not Co-operating (INC)'>
	Letter of Credit		Short-term	INR 3.5 Cr	ACUITE A4 <img src='public/assets/frontend/images/reaffirmed.png' class='symbol-img table-symbol'title='Reaffirmed'><img src='public/assets/frontend/images/inc.png' class='symbol-img table-symbol'title='Issuer Not Co-operating (INC)'>
20th Jan 26	ALPINE REALTECH PRIVATE LIMITED				Instrument & Lender Details ALPINE REALTECH 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 3 + 7 = I am not a robot
	Term Loan		Long-term	INR 40 Cr	ACUITE D <img src='public/assets/frontend/images/reaffirmed.png' class='symbol-img table-symbol'title='Reaffirmed'><img src='public/assets/frontend/images/inc.png' class='symbol-img table-symbol'title='Issuer Not Co-operating (INC)'>
20th Jan 26	INDUSTRIAL TECHNICAL CONSULTANT				Instrument & Lender Details INDUSTRIAL TECHNICAL CONSULTANT 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
	PC/PCFC		Short-term	INR 13 Cr	ACUITE A4 <img src='public/assets/frontend/images/reaffirmed.png' class='symbol-img table-symbol'title='Reaffirmed'><img src='public/assets/frontend/images/inc.png' class='symbol-img table-symbol'title='Issuer Not Co-operating (INC)'>
20th Jan 26	MAKS ENERGY SOLUTION INDIA PRIVATE LIMITED				Instrument & Lender Details MAKS ENERGY SOLUTION 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 + 9 = I am not a robot
	Cash Credit		Long-term	INR 10 Cr	ACUITE B- <img src='public/assets/frontend/images/reaffirmed.png' class='symbol-img table-symbol'title='Reaffirmed'><img src='public/assets/frontend/images/inc.png' class='symbol-img table-symbol'title='Issuer Not Co-operating (INC)'>
	Bills Discounting		Long-term	INR 4 Cr	ACUITE B- <img src='public/assets/frontend/images/reaffirmed.png' class='symbol-img table-symbol'title='Reaffirmed'><img src='public/assets/frontend/images/inc.png' class='symbol-img table-symbol'title='Issuer Not Co-operating (INC)'>
20th Jan 26	CERIUM SYSTEMS PRIVATE LIMITED				Instrument & Lender Details CERIUM SYSTEMS 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 2 + 4 = I am not a robot
	Cash Credit		Long-term	INR 9 Cr	ACUITE B <img src='public/assets/frontend/images/Downgraded.png' class='symbol-img table-symbol'title='Downgraded'><img src='public/assets/frontend/images/inc.png' class='symbol-img table-symbol'title='Issuer Not Co-operating (INC)'>
	Term Loan		Long-term	INR 1.5 Cr	ACUITE B <img src='public/assets/frontend/images/Downgraded.png' class='symbol-img table-symbol'title='Downgraded'><img src='public/assets/frontend/images/inc.png' class='symbol-img table-symbol'title='Issuer Not Co-operating (INC)'>
	Proposed Long Term Bank Facility		Long-term	INR 0.5 Cr	ACUITE B <img src='public/assets/frontend/images/Downgraded.png' class='symbol-img table-symbol'title='Downgraded'><img src='public/assets/frontend/images/inc.png' class='symbol-img table-symbol'title='Issuer Not Co-operating (INC)'>
20th Jan 26	TARAPUR TRANSFORMERS LIMITED				Instrument & Lender Details TARAPUR TRANSFORMERS 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 + 7 = I am not a robot
	Cash Credit		Long-term	INR 12 Cr	ACUITE D <img src='public/assets/frontend/images/reaffirmed.png' class='symbol-img table-symbol'title='Reaffirmed'><img src='public/assets/frontend/images/inc.png' class='symbol-img table-symbol'title='Issuer Not Co-operating (INC)'>
	Letter of Credit		Short-term	INR 18 Cr	ACUITE D <img src='public/assets/frontend/images/reaffirmed.png' class='symbol-img table-symbol'title='Reaffirmed'><img src='public/assets/frontend/images/inc.png' class='symbol-img table-symbol'title='Issuer Not Co-operating (INC)'>
20th Jan 26	RAMPRASAD TUBES AND BARS PRIVATE LIMITED				Instrument & Lender Details RAMPRASAD TUBES AND BARS 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 9 + 4 = I am not a robot
	Cash Credit		Long-term	INR 18.1 Cr	ACUITE B- <img src='public/assets/frontend/images/Downgraded.png' class='symbol-img table-symbol'title='Downgraded'><img src='public/assets/frontend/images/inc.png' class='symbol-img table-symbol'title='Issuer Not Co-operating (INC)'>
	Proposed Long Term Bank Facility		Long-term	INR 0.25 Cr	ACUITE B- <img src='public/assets/frontend/images/Downgraded.png' class='symbol-img table-symbol'title='Downgraded'><img src='public/assets/frontend/images/inc.png' class='symbol-img table-symbol'title='Issuer Not Co-operating (INC)'>
	Letter of Credit		Short-term	INR 0.75 Cr	ACUITE A4 <img src='public/assets/frontend/images/reaffirmed.png' class='symbol-img table-symbol'title='Reaffirmed'><img src='public/assets/frontend/images/inc.png' class='symbol-img table-symbol'title='Issuer Not Co-operating (INC)'>
	Bank Guarantee/Letter of Guarantee		Short-term	INR 0.05 Cr	ACUITE A4 <img src='public/assets/frontend/images/reaffirmed.png' class='symbol-img table-symbol'title='Reaffirmed'><img src='public/assets/frontend/images/inc.png' class='symbol-img table-symbol'title='Issuer Not Co-operating (INC)'>
20th Jan 26	SIVA FOODS IMPEX PRIVATE LIMITED				Instrument & Lender Details SIVA FOODS IMPEX 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 9 + 1 = I am not a robot
	Secured Overdraft		Long-term	INR 20 Cr	ACUITE C <img src='public/assets/frontend/images/Downgraded.png' class='symbol-img table-symbol'title='Downgraded'><img src='public/assets/frontend/images/inc.png' class='symbol-img table-symbol'title='Issuer Not Co-operating (INC)'>
	Term Loan		Long-term	INR 0.01 Cr	ACUITE C <img src='public/assets/frontend/images/Downgraded.png' class='symbol-img table-symbol'title='Downgraded'><img src='public/assets/frontend/images/inc.png' class='symbol-img table-symbol'title='Issuer Not Co-operating (INC)'>
	Term Loan		Long-term	INR 0.52 Cr	ACUITE C <img src='public/assets/frontend/images/Downgraded.png' class='symbol-img table-symbol'title='Downgraded'><img src='public/assets/frontend/images/inc.png' class='symbol-img table-symbol'title='Issuer Not Co-operating (INC)'>
	Term Loan		Long-term	INR 0.13 Cr	ACUITE C <img src='public/assets/frontend/images/Downgraded.png' class='symbol-img table-symbol'title='Downgraded'><img src='public/assets/frontend/images/inc.png' class='symbol-img table-symbol'title='Issuer Not Co-operating (INC)'>
	Term Loan		Long-term	INR 0.49 Cr	ACUITE C <img src='public/assets/frontend/images/Downgraded.png' class='symbol-img table-symbol'title='Downgraded'><img src='public/assets/frontend/images/inc.png' class='symbol-img table-symbol'title='Issuer Not Co-operating (INC)'>
	Term Loan		Long-term	INR 0.48 Cr	ACUITE C <img src='public/assets/frontend/images/Downgraded.png' class='symbol-img table-symbol'title='Downgraded'><img src='public/assets/frontend/images/inc.png' class='symbol-img table-symbol'title='Issuer Not Co-operating (INC)'>
	Term Loan		Long-term	INR 0.05 Cr	ACUITE C <img src='public/assets/frontend/images/Downgraded.png' class='symbol-img table-symbol'title='Downgraded'><img src='public/assets/frontend/images/inc.png' class='symbol-img table-symbol'title='Issuer Not Co-operating (INC)'>
	Proposed Long Term Loan		Long-term	INR 13.82 Cr	ACUITE C <img src='public/assets/frontend/images/Downgraded.png' class='symbol-img table-symbol'title='Downgraded'><img src='public/assets/frontend/images/inc.png' class='symbol-img table-symbol'title='Issuer Not Co-operating (INC)'>
	PC/PCFC		Short-term	INR 3 Cr	ACUITE A4 <img src='public/assets/frontend/images/reaffirmed.png' class='symbol-img table-symbol'title='Reaffirmed'><img src='public/assets/frontend/images/inc.png' class='symbol-img table-symbol'title='Issuer Not Co-operating (INC)'>

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