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Date	Entity Name				Rating Action
11th Mar 25	KUNAL RICE MILLS				Instrument & Lender Details KUNAL 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 1 + 1 = I am not a robot
	Cash Credit		Long-term	INR 6 Cr	ACUITE D
	Cash Credit		Long-term	INR 7.5 Cr	ACUITE D
11th Mar 25	LEKH RAJ & SONS				Instrument & Lender Details LEKH RAJ & SONS 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 45 Cr	ACUITE D
	Term Loan		Long-term	INR 1.5 Cr	ACUITE D
	Term Loan		Long-term	INR 2 Cr	ACUITE D
11th Mar 25	NAGARWALA ENTERPRISES				Instrument & Lender Details NAGARWALA ENTERPRISES 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 10 Cr	ACUITE B
11th Mar 25	NAVAGIRI APPAREL				Instrument & Lender Details NAVAGIRI APPAREL To: CC: Note: By clicking on send button you shall be sharing a copy of rating release on the mentioned Email IDs. Captcha 5 + 5 = I am not a robot
	PC/PCFC		Short-term	INR 5 Cr	ACUITE A4
	Bills Discounting		Short-term	INR 5 Cr	ACUITE A4
	Term Loan		Long-term	INR 1.5 Cr	ACUITE B
11th Mar 25	ICON DESIGN AUTOMATION PRIVATE LIMITED				Instrument & Lender Details ICON DESIGN AUTOMATION 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 + 2 = I am not a robot
	Letter of Credit		Short-term	INR 1 Cr	ACUITE A4
	Proposed Letter of Credit		Short-term	INR 2 Cr	ACUITE A4
	Proposed Bank Guarantee		Short-term	INR 3 Cr	ACUITE A4
	Cash Credit		Long-term	INR 1.5 Cr	ACUITE C
	Term Loan		Long-term	INR 2 Cr	ACUITE C
	Proposed Cash Credit		Long-term	INR 2.5 Cr	ACUITE C
11th Mar 25	PEN INDIA PRIVATE LIMITED (ERSTWHILE PEN INDIA LIMITED)				Instrument & Lender Details PEN INDIA PRIVATE LIMITED (ERSTWHILE PEN 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 6 + 9 = I am not a robot
	Term Loan		Long-term	INR 63 Cr	ACUITE BBB Stable
	Secured Overdraft		Long-term	INR 50 Cr	ACUITE BBB Stable
	Term Loan		Long-term	INR 39.93 Cr	ACUITE BBB Stable
	Proposed Long Term Bank Facility		Long-term	INR 72.07 Cr	ACUITE BBB Stable
	Proposed Long Term Bank Facility		Long-term	INR 15 Cr	ACUITE BBB Stable
11th Mar 25	TOURISM FINANCE CORPORATION OF INDIA LIMITED				Instrument & Lender Details TOURISM FINANCE CORPORATION OF 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 3 + 6 = I am not a robot
	Non-Covertible Debentures (NCD)		Long-term	INR 159.74 Cr	ACUITE A+ Stable
	Proposed Long Term Bank Facility		Long-term	INR 207.32 Cr	ACUITE A+ Stable
	Principal protected market linked debentures		Long-term	INR 40 Cr	ACUITE Not Applicable
	Term Loan		Long-term	INR 7.43 Cr	ACUITE A+ Stable
	Cash Credit		Long-term	INR 25 Cr	ACUITE A+ Stable
	Term Loan		Long-term	INR 312.5 Cr	ACUITE A+ Stable
	Cash Credit		Long-term	INR 10 Cr	ACUITE A+ Stable
	Term Loan		Long-term	INR 16.88 Cr	ACUITE A+ Stable
	Term Loan		Long-term	INR 19.83 Cr	ACUITE A+ Stable
	Term Loan		Long-term	INR 4.16 Cr	ACUITE A+ Stable
	Term Loan		Long-term	INR 200 Cr	ACUITE A+ Stable
	Proposed principal protected market linked debentures		Long-term	INR 35 Cr	ACUITE Not Applicable
	Term Loan		Long-term	INR 46.88 Cr	ACUITE A+ Stable
	Term Loan		Long-term	INR 50 Cr	ACUITE A+ Stable
	Term Loan		Long-term	INR 50 Cr	ACUITE A+ Stable
10th Mar 25	TARA CAPITAL PARTNERS INDIA PRIVATE LIMITED				Instrument & Lender Details TARA CAPITAL PARTNERS 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 1 + 3 = I am not a robot
	Proposed Non Convertible Debentures		Long-term	INR 70 Cr	ACUITE BB- Stable
	Non-Covertible Debentures (NCD)		Long-term	INR 25 Cr	ACUITE BB- Stable
10th Mar 25	KRISHNA TISSUES PRIVATE LIMITED				Instrument & Lender Details KRISHNA TISSUES 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 + 6 = I am not a robot
	Letter of Credit		Short-term	INR 3 Cr	ACUITE A2
	Letter of Credit		Short-term	INR 12 Cr	ACUITE A2
	Bank Guarantee (BLR)		Short-term	INR 10 Cr	ACUITE A2
	Bank Guarantee (BLR)		Short-term	INR 9.27 Cr	ACUITE A2
	Letter of Credit		Short-term	INR 54 Cr	ACUITE A2
	Letter of Credit		Short-term	INR 46 Cr	ACUITE A2
	Cash Credit		Long-term	INR 47.2 Cr	ACUITE BBB+ Stable
	Cash Credit		Long-term	INR 110.2 Cr	ACUITE BBB+ Stable
	Cash Credit		Long-term	INR 55.44 Cr	ACUITE BBB+ Stable
	Proposed Long Term Bank Facility		Long-term	INR 72.31 Cr	ACUITE BBB+ Stable
	Cash Credit		Long-term	INR 34.8 Cr	ACUITE BBB+ Stable
10th Mar 25	AAHELI HEALTHCARE PRIVATE LIMITED				Instrument & Lender Details AAHELI HEALTHCARE 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 + 9 = I am not a robot
	Term Loan		Long-term	INR 8.25 Cr	ACUITE D
	Cash Credit		Long-term	INR 1 Cr	ACUITE D
	Proposed Long Term Bank Facility		Long-term	INR 5.65 Cr	ACUITE D
10th Mar 25	AKSHAY KHANDELWAL TUBES AND ISPAT PRIVATE LIMITED				Instrument & Lender Details AKSHAY KHANDELWAL TUBES AND ISPAT 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 4.5 Cr	ACUITE B
	Term Loan		Long-term	INR 1 Cr	ACUITE B
10th Mar 25	AMRUT EXPORTS				Instrument & Lender Details AMRUT EXPORTS To: CC: Note: By clicking on send button you shall be sharing a copy of rating release on the mentioned Email IDs. Captcha 7 + 3 = I am not a robot
	Bills Discounting		Long-term	INR 150 Cr	ACUITE BB-
10th Mar 25	ASWINS HOME SPECIAL				Instrument & Lender Details ASWINS HOME SPECIAL 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 6 Cr	ACUITE B
	Term Loan		Long-term	INR 4.78 Cr	ACUITE B
	Term Loan		Long-term	INR 1.7 Cr	ACUITE B
	Term Loan		Long-term	INR 0.78 Cr	ACUITE B
	Term Loan		Long-term	INR 0.53 Cr	ACUITE B
	Term Loan		Long-term	INR 3.25 Cr	ACUITE B
	Proposed Long Term Loan		Long-term	INR 1.61 Cr	ACUITE B
10th Mar 25	BHORUKA CHARITABLE TRUST				Instrument & Lender Details BHORUKA CHARITABLE TRUST To: CC: Note: By clicking on send button you shall be sharing a copy of rating release on the mentioned Email IDs. Captcha 6 + 9 = I am not a robot
	Bank Guarantee/Letter of Guarantee		Short-term	INR 0.5 Cr	ACUITE A4
	Term Loan		Long-term	INR 0.6 Cr	ACUITE B+
	Term Loan		Long-term	INR 1.49 Cr	ACUITE B+
	Term Loan		Long-term	INR 0.83 Cr	ACUITE B+
	Cash Credit		Long-term	INR 1.5 Cr	ACUITE B+
	Proposed Long Term Bank Facility		Long-term	INR 5.08 Cr	ACUITE B+
10th Mar 25	BT FISHERIES				Instrument & Lender Details BT FISHERIES To: CC: Note: By clicking on send button you shall be sharing a copy of rating release on the mentioned Email IDs. Captcha 4 + 9 = I am not a robot
	Bank Guarantee (BLR)		Short-term	INR 3.36 Cr	ACUITE A4
	Secured Overdraft		Long-term	INR 0.8 Cr	ACUITE B-
	Term Loan		Long-term	INR 4.34 Cr	ACUITE B-
10th Mar 25	DURGAMBA MOTORS				Instrument & Lender Details DURGAMBA MOTORS 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 2.25 Cr	ACUITE D
	Term Loan		Long-term	INR 14.68 Cr	ACUITE D
	Term Loan		Long-term	INR 8.07 Cr	ACUITE D
10th Mar 25	J K ELECTRO POWER				Instrument & Lender Details J K ELECTRO POWER To: CC: Note: By clicking on send button you shall be sharing a copy of rating release on the mentioned Email IDs. Captcha 3 + 3 = I am not a robot
	Cash Credit		Long-term	INR 5 Cr	ACUITE B+
	Secured Overdraft		Long-term	INR 10 Cr	ACUITE B+
10th Mar 25	MAGHALAKSHMI PLAZAA				Instrument & Lender Details MAGHALAKSHMI PLAZAA 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
	Term Loan		Long-term	INR 17.6 Cr	ACUITE B
	Term Loan		Long-term	INR 13.6 Cr	ACUITE B
	Term Loan		Long-term	INR 6.4 Cr	ACUITE B
	Secured Overdraft		Long-term	INR 23 Cr	ACUITE B
	Proposed Long Term Bank Facility		Long-term	INR 1 Cr	ACUITE B
	Term Loan		Long-term	INR 0.15 Cr	ACUITE B
	Term Loan		Long-term	INR 4.6 Cr	ACUITE B
10th Mar 25	MEEKA MACHINERY PRIVATE LIMITED				Instrument & Lender Details MEEKA MACHINERY 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 + 9 = I am not a robot
	Bank Guarantee (BLR)		Short-term	INR 4 Cr	ACUITE A4
	Cash Credit		Long-term	INR 3.5 Cr	ACUITE B-
	Term Loan		Long-term	INR 0.1 Cr	ACUITE B-
10th Mar 25	PVS BUILDERS AND DEVELOPERS				Instrument & Lender Details PVS BUILDERS AND DEVELOPERS 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
	Term Loan		Long-term	INR 7 Cr	ACUITE D

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