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Date	Entity Name			Rating Action
5th Mar 24	PHIL COAL BENEFICATION PRIVATE LIMITED			Instrument & Lender Details PHIL COAL BENEFICATION 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 + 9 = I am not a robot
	Bank Guarantee/Letter of Guarantee	Short-term	INR 2.5 Cr	ACUITE A4+
	Cash Credit	Long-term	INR 18 Cr	ACUITE BB
	Proposed Cash Credit	Long-term	INR 20 Cr	ACUITE Not Applicable
5th Mar 24	ADAM AND COAL RESOURCES PRIVATE LIMITED			Instrument & Lender Details ADAM AND COAL RESOURCES 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
	Letter of Credit	Short-term	INR 110 Cr	ACUITE Not Applicable
	Cash Credit	Long-term	INR 3 Cr	ACUITE Not Applicable
5th Mar 24	RATHI STEEL AND METAL PRIVATE LIMITED (ERWHILE RAJURI STEELS PRIVATE LIMITED)			Instrument & Lender Details RATHI STEEL AND METAL PRIVATE LIMITED (ERWHILE RAJURI STEELS 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 + 3 = I am not a robot
	Bank Guarantee (BLR)	Short-term	INR 5 Cr	ACUITE A4+
	Bank Guarantee (BLR)	Short-term	INR 2 Cr	ACUITE A4+
	Bank Guarantee (BLR)	Short-term	INR 3 Cr	ACUITE A4+
	Proposed Short Term Bank Facility	Short-term	INR 0.46 Cr	ACUITE Not Applicable
	Cash Credit	Long-term	INR 32.5 Cr	ACUITE BB+
	Cash Credit	Long-term	INR 10 Cr	ACUITE BB+
	Term Loan	Long-term	INR 17 Cr	ACUITE BB+
	Cash Credit	Long-term	INR 30 Cr	ACUITE BB+
	Term Loan	Long-term	INR 20.54 Cr	ACUITE BB+
5th Mar 24	SANTHI PROCESSING UNIT PRIVATE LIMITED			Instrument & Lender Details SANTHI PROCESSING UNIT 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
	Bills Discounting	Short-term	INR 20 Cr	ACUITE A2
	Letter of Credit	Short-term	INR 4 Cr	ACUITE A2
	Bank Guarantee (BLR)	Short-term	INR 0.5 Cr	ACUITE A2
	Packing Credit	Short-term	INR 7 Cr	ACUITE A2
	Cash Credit	Long-term	INR 25 Cr	ACUITE BBB Stable
	Term Loan	Long-term	INR 2.11 Cr	ACUITE BBB Stable
	Term Loan	Long-term	INR 3.21 Cr	ACUITE BBB Stable
	Term Loan	Long-term	INR 2.38 Cr	ACUITE BBB Stable
	Term Loan	Long-term	INR 3.7 Cr	ACUITE BBB Stable
	Term Loan	Long-term	INR 6.11 Cr	ACUITE BBB Stable
	Proposed Long Term Bank Facility	Long-term	INR 0.49 Cr	ACUITE BBB Stable
	Term Loan	Long-term	INR 14.7 Cr	ACUITE BBB Stable
	Term Loan	Long-term	INR 12 Cr	ACUITE BBB Stable
	Proposed Long Term Bank Facility	Long-term	INR 0.3 Cr	ACUITE BBB Stable
4th Mar 24	SHREE RAM ELECTROCAST JHARKHAND PRIVATE LIMITED			Instrument & Lender Details SHREE RAM ELECTROCAST JHARKHAND 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 + 5 = I am not a robot
	Bank Guarantee (BLR)	Short-term	INR 6 Cr	ACUITE A3+
	Cash Credit	Long-term	INR 25 Cr	ACUITE BBB Stable
	Term Loan	Long-term	INR 94.65 Cr	ACUITE BBB Stable
	Proposed Long Term Bank Facility	Long-term	INR 14.1 Cr	ACUITE BBB Stable
4th Mar 24	PARVATHI DYEING			Instrument & Lender Details PARVATHI DYEING To: CC: Note: By clicking on send button you shall be sharing a copy of rating release on the mentioned Email IDs. Captcha 9 + 9 = I am not a robot
	Bank Guarantee/Letter of Guarantee	Short-term	INR 0.2 Cr	ACUITE A4+
	Cash Credit	Long-term	INR 4 Cr	ACUITE BB Stable
	Term Loan	Long-term	INR 0.54 Cr	ACUITE BB Stable
	Term Loan	Long-term	INR 0.32 Cr	ACUITE BB Stable
	Proposed Long Term Bank Facility	Long-term	INR 12.94 Cr	ACUITE BB Stable
4th Mar 24	AGARSEN RE-ROLLERS PRIVATE LIMITED			Instrument & Lender Details AGARSEN RE-ROLLERS 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
	Term Loan	Long-term	INR 26.71 Cr	ACUITE BB+
	Cash Credit	Long-term	INR 33 Cr	ACUITE BB+
	Covid Emergency Line.	Long-term	INR 1.31 Cr	ACUITE BB+
	Working Capital Demand Loan (WCDL)	Long-term	INR 2 Cr	ACUITE BB+
4th Mar 24	CALSTAR SPONGE LIMITED			Instrument & Lender Details CALSTAR SPONGE 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
	Letter of Credit	Short-term	INR 8.5 Cr	ACUITE Not Applicable
	Bank Guarantee/Letter of Guarantee	Short-term	INR 6.8 Cr	ACUITE Not Applicable
	Cash Credit	Long-term	INR 24 Cr	ACUITE Not Applicable
4th Mar 24	SRI VARSHA FOOD PRODUCTS INDIA PRIVATE LIMITED (ERSTWHILE SRI VARSHA FOOD PRODUCTS INDIA LIMITED)			Erratum \| Instrument & Lender Details SRI VARSHA FOOD PRODUCTS INDIA PRIVATE LIMITED (ERSTWHILE SRI VARSHA FOOD PRODUCTS 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 2 + 4 = I am not a robot
	Letter of Credit	Short-term	INR 10 Cr	ACUITE A3
	Letter of Credit	Short-term	INR 1 Cr	ACUITE A3
	Bank Guarantee (BLR)	Short-term	INR 1.77 Cr	ACUITE A3
	Cash Credit	Long-term	INR 39 Cr	ACUITE BBB- Stable
	Working Capital Term Loan	Long-term	INR 1.13 Cr	ACUITE BBB- Stable
	Working Capital Term Loan	Long-term	INR 3.21 Cr	ACUITE BBB- Stable
	Working Capital Term Loan	Long-term	INR 1.53 Cr	ACUITE BBB- Stable
	Term Loan	Long-term	INR 1.84 Cr	ACUITE BBB- Stable
	Term Loan	Long-term	INR 0.88 Cr	ACUITE BBB- Stable
	Term Loan	Long-term	INR 0.46 Cr	ACUITE BBB- Stable
	Term Loan	Long-term	INR 0.15 Cr	ACUITE BBB- Stable
	Cash Credit	Long-term	INR 15 Cr	ACUITE BBB- Stable
	Term Loan	Long-term	INR 1.36 Cr	ACUITE BBB- Stable
	Term Loan	Long-term	INR 0.53 Cr	ACUITE BBB- Stable
	Term Loan	Long-term	INR 2.37 Cr	ACUITE BBB- Stable
	Term Loan	Long-term	INR 3.54 Cr	ACUITE BBB- Stable
	Proposed Long Term Loan	Long-term	INR 0.23 Cr	ACUITE BBB- Stable
4th Mar 24	SAMARTH A D PROTEX PRIVATE LIMITED			Instrument & Lender Details SAMARTH A D PROTEX 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
	Bank Guarantee (BLR)	Short-term	INR 5 Cr	ACUITE A3+
	Cash Credit	Long-term	INR 18.5 Cr	ACUITE BBB Stable
	Term Loan	Long-term	INR 9.93 Cr	ACUITE BBB Stable
	Proposed Long Term Bank Facility	Long-term	INR 9.92 Cr	ACUITE BBB Stable
4th Mar 24	SAMARTH FABLON PRIVATE LIMITED			Instrument & Lender Details SAMARTH FABLON 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 + 3 = I am not a robot
	Bank Guarantee (BLR)	Short-term	INR 10 Cr	ACUITE A3+
	Term Loan	Long-term	INR 11.06 Cr	ACUITE BBB Stable
	Cash Credit	Long-term	INR 70 Cr	ACUITE BBB Stable
	Term Loan	Long-term	INR 8.66 Cr	ACUITE BBB Stable
	Proposed Long Term Bank Facility	Long-term	INR 29.76 Cr	ACUITE BBB Stable
4th Mar 24	KRAM INFRACON PRIVATE LIMITED			Instrument & Lender Details KRAM INFRACON 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 + 9 = I am not a robot
	Letter of Credit	Short-term	INR 7.5 Cr	ACUITE A3+
	Letter of Credit	Short-term	INR 10 Cr	ACUITE A3+
	Proposed Short Term Bank Facility	Short-term	INR 50.5 Cr	ACUITE A3+
	Bank Guarantee (BLR)	Long-term	INR 20 Cr	ACUITE BBB Stable
	Bank Guarantee (BLR)	Long-term	INR 12 Cr	ACUITE BBB Stable
	Cash Credit	Long-term	INR 5 Cr	ACUITE BBB Stable
	Cash Credit	Long-term	INR 5 Cr	ACUITE BBB Stable
	Bank Guarantee (BLR)	Long-term	INR 10 Cr	ACUITE BBB Stable
	Cash Credit	Long-term	INR 5 Cr	ACUITE BBB Stable
	Cash Credit	Long-term	INR 4.5 Cr	ACUITE BBB Stable
	Cash Credit	Long-term	INR 5 Cr	ACUITE BBB Stable
	Bank Guarantee (BLR)	Long-term	INR 10 Cr	ACUITE BBB Stable
	Proposed Long Term Bank Facility	Long-term	INR 5.5 Cr	ACUITE BBB Stable
4th Mar 24	GUJARAT CRAFT INDUSTRIES LIMITED			Instrument & Lender Details GUJARAT CRAFT 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 8 + 5 = I am not a robot
	Letter of Credit	Short-term	INR 14 Cr	ACUITE A3+
	Bank Guarantee (BLR)	Short-term	INR 2.5 Cr	ACUITE A3+
	Proposed Short Term Bank Facility	Short-term	INR 1.5 Cr	ACUITE A3+
	Proposed Short Term Bank Facility	Short-term	INR 0.1 Cr	ACUITE A3+
	Cash Credit	Long-term	INR 9 Cr	ACUITE BBB- Stable
	Packing Credit	Long-term	INR 16 Cr	ACUITE BBB- Stable
	Working Capital Term Loan	Long-term	INR 2.55 Cr	ACUITE BBB- Stable
	Covid Emergency Line.	Long-term	INR 1.08 Cr	ACUITE BBB- Stable
	Term Loan	Long-term	INR 1.27 Cr	ACUITE BBB- Stable
	Secured Overdraft	Long-term	INR 7 Cr	ACUITE BBB- Stable
4th Mar 24	SADHGURU PIPES LLP			Instrument & Lender Details SADHGURU PIPES LLP 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
	Letter of Credit	Short-term	INR 2.25 Cr	ACUITE A4+
	Working Capital Demand Loan (WCDL)	Long-term	INR 3 Cr	ACUITE BB+
	Term Loan	Long-term	INR 3.11 Cr	ACUITE BB+
	Cash Credit	Long-term	INR 10 Cr	ACUITE BB+
	Covid Emergency Line.	Long-term	INR 0.84 Cr	ACUITE BB+
4th Mar 24	SEEMA ENTERPRISES			Instrument & Lender Details SEEMA ENTERPRISES To: CC: Note: By clicking on send button you shall be sharing a copy of rating release on the mentioned Email IDs. Captcha 2 + 8 = I am not a robot
	Cash Credit	Long-term	INR 2.76 Cr	ACUITE B Stable
	Cash Credit	Long-term	INR 0.59 Cr	ACUITE B Stable
	Proposed Long Term Bank Facility	Long-term	INR 1.31 Cr	ACUITE B Stable
	Term Loan	Long-term	INR 1.45 Cr	ACUITE B Stable
	Funded Interest Term Loan	Long-term	INR 0.5 Cr	ACUITE B Stable
4th Mar 24	MAHASEMAM TRUST			Instrument & Lender Details MAHASEMAM TRUST 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
	Term Loan	Long-term	INR 9.03 Cr	ACUITE BBB- Stable
	Proposed Long Term Loan	Long-term	INR 13.04 Cr	ACUITE BBB- Stable
	Term Loan	Long-term	INR 14.81 Cr	ACUITE BBB- Stable
	Term Loan	Long-term	INR 26.52 Cr	ACUITE BBB- Stable
	Term Loan	Long-term	INR 23.29 Cr	ACUITE BBB- Stable
	Term Loan	Long-term	INR 7.8 Cr	ACUITE BBB- Stable
	Term Loan	Long-term	INR 7.73 Cr	ACUITE BBB- Stable
	Term Loan	Long-term	INR 10.91 Cr	ACUITE BBB- Stable
	Term Loan	Long-term	INR 15.79 Cr	ACUITE BBB- Stable
	Term Loan	Long-term	INR 4.2 Cr	ACUITE BBB- Stable
	Term Loan	Long-term	INR 20.64 Cr	ACUITE BBB- Stable
	Term Loan	Long-term	INR 5.99 Cr	ACUITE BBB- Stable
	Term Loan	Long-term	INR 9.31 Cr	ACUITE BBB- Stable
	Term Loan	Long-term	INR 89.63 Cr	ACUITE BBB- Stable
	Term Loan	Long-term	INR 12.33 Cr	ACUITE BBB- Stable
	Proposed Long Term Loan	Long-term	INR 2.04 Cr	ACUITE BBB- Stable
	Term Loan	Long-term	INR 4.17 Cr	ACUITE BBB- Stable
	Term Loan	Long-term	INR 2.77 Cr	ACUITE BBB- Stable
1st Mar 24	BETEX INDIA LIMITED			Instrument & Lender Details BETEX 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 + 2 = I am not a robot
	Term Loan	Long-term	INR 0.92 Cr	ACUITE BB-
	Cash Credit	Long-term	INR 5 Cr	ACUITE BB-
1st Mar 24	RAMA VISION LIMITED			Instrument & Lender Details RAMA VISION 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 + 6 = I am not a robot
	Cash Credit	Long-term	INR 9 Cr	ACUITE B+
1st Mar 24	ARKADE PARADIGM			Instrument & Lender Details ARKADE PARADIGM 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 25 Cr	ACUITE B
1st Mar 24	HIREN WAHEN BUILDTECH PRIVATE LIMITED			Instrument & Lender Details HIREN WAHEN BUILDTECH 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 + 7 = I am not a robot
	Non-Covertible Debentures (NCD)	Long-term	INR 49 Cr	ACUITE C
	Proposed Non Convertible Debentures	Long-term	INR 10.1 Cr	ACUITE C
	Proposed Non Convertible Debentures	Long-term	INR 0.4 Cr	ACUITE Provisional C
	Proposed Non Convertible Debentures	Long-term	INR 0.9 Cr	ACUITE C