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Date	Entity Name			Rating Action
18th Apr 24	APURVI INDUSTRIES			Instrument & Lender Details APURVI INDUSTRIES To: CC: Note: By clicking on send button you shall be sharing a copy of rating release on the mentioned Email IDs. Captcha 4 + 7 = I am not a robot
	Proposed Short Term Bank Facility	Short-term	INR 0.43 Cr	ACUITE A4
	Cash Credit	Long-term	INR 6 Cr	ACUITE B+
	Term Loan	Long-term	INR 3.77 Cr	ACUITE B+
	Proposed Cash Credit	Long-term	INR 2 Cr	ACUITE B+
	Proposed Term Loan	Long-term	INR 0.5 Cr	ACUITE B+
18th Apr 24	BALAJI RICE MILL (TAMIL NADU)			Instrument & Lender Details BALAJI RICE MILL (TAMIL NADU) 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 6 Cr	ACUITE B
	Term Loan	Long-term	INR 0.6 Cr	ACUITE B
18th Apr 24	DANASH MAND ORGANIC PRIVATE LIMITED			Instrument & Lender Details DANASH MAND ORGANIC 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 + 1 = I am not a robot
	Proposed Letter of Credit	Short-term	INR 3.25 Cr	ACUITE A4
	Proposed Cash Credit	Long-term	INR 4.25 Cr	ACUITE B+
18th Apr 24	DREAMZ INFRASTRUCTURE			Instrument & Lender Details DREAMZ INFRASTRUCTURE To: CC: Note: By clicking on send button you shall be sharing a copy of rating release on the mentioned Email IDs. Captcha 7 + 2 = I am not a robot
	Term Loan	Long-term	INR 16 Cr	ACUITE D
	Proposed Long Term Loan	Long-term	INR 11 Cr	ACUITE D
18th Apr 24	INDFAB PROJECTS PRIVATE LIMITED			Instrument & Lender Details INDFAB PROJECTS 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
	Bank Guarantee/Letter of Guarantee	Short-term	INR 20 Cr	ACUITE A4
	Proposed Bank Guarantee	Short-term	INR 4 Cr	ACUITE A4
	Working Capital Term Loan	Long-term	INR 2 Cr	ACUITE B+
	Proposed Working Capital Term Loan	Long-term	INR 2 Cr	ACUITE B+
18th Apr 24	JAMKASH VEHICLEADES PRIVATE LIMITED			Instrument & Lender Details JAMKASH VEHICLEADES 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 21.2 Cr	ACUITE A4+
	Channel/Dealer/Vendor Financing	Long-term	INR 8 Cr	ACUITE BB+
	Cash Credit	Long-term	INR 60 Cr	ACUITE BB+
	Term Loan	Long-term	INR 3.86 Cr	ACUITE BB+
	Covid Emergency Line.	Long-term	INR 12 Cr	ACUITE BB+
	Proposed Cash Credit	Long-term	INR 0.83 Cr	ACUITE BB+
	Covid Emergency Line.	Long-term	INR 2.35 Cr	ACUITE BB+
	Channel/Dealer/Vendor Financing	Long-term	INR 10 Cr	ACUITE BB+
18th Apr 24	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 5 + 2 = I am not a robot
	Letter of Credit	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
	Bank Guarantee (BLR)	Short-term	INR 5 Cr	ACUITE A3
	Cash Credit	Long-term	INR 25 Cr	ACUITE BBB- Stable
	Cash Credit	Long-term	INR 26.56 Cr	ACUITE BBB- Stable
	Term Loan	Long-term	INR 5.42 Cr	ACUITE BBB- Stable
	Term Loan	Long-term	INR 2.72 Cr	ACUITE BBB- Stable
	Term Loan	Long-term	INR 2 Cr	ACUITE BBB- Stable
	Proposed Long Term Loan	Long-term	INR 0.3 Cr	ACUITE BBB- Stable
18th Apr 24	MAURYA PRINTERS PRIVATE LIMITED			Instrument & Lender Details MAURYA PRINTERS 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 + 8 = I am not a robot
	Cash Credit	Long-term	INR 5 Cr	ACUITE D
	Term Loan	Long-term	INR 2.7 Cr	ACUITE D
18th Apr 24	TRIDENT TECHLABS PRIVATE LIMITED			Instrument & Lender Details TRIDENT TECHLABS 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/Letter of Guarantee	Short-term	INR 6 Cr	ACUITE A4
	Letter of Credit	Short-term	INR 2 Cr	ACUITE A4
	Cash Credit	Long-term	INR 16 Cr	ACUITE B+
	Proposed Long Term Bank Facility	Long-term	INR 15 Cr	ACUITE B+
18th Apr 24	VAIDYA INDUSTRIES			Instrument & Lender Details VAIDYA INDUSTRIES To: CC: Note: By clicking on send button you shall be sharing a copy of rating release on the mentioned Email IDs. Captcha 4 + 1 = I am not a robot
	Bank Guarantee/Letter of Guarantee	Short-term	INR 2 Cr	ACUITE A4+
	Cash Credit	Long-term	INR 13.8 Cr	ACUITE BB-
18th Apr 24	MAHARASHTRA POLYBUTENES LIMITED			Instrument & Lender Details MAHARASHTRA POLYBUTENES 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
	Secured Overdraft	Short-term	INR 6 Cr	ACUITE D
	Letter of Credit	Short-term	INR 1 Cr	ACUITE D
	Bank Guarantee/Letter of Guarantee	Short-term	INR 6.5 Cr	ACUITE D
	Cash Credit	Long-term	INR 12 Cr	ACUITE D
	Term Loan	Long-term	INR 4.5 Cr	ACUITE D
18th Apr 24	ARMAN FINANCIAL SERVICES LIMITED			Instrument & Lender Details ARMAN FINANCIAL SERVICES 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
	Cash Credit	Long-term	INR 5 Cr	ACUITE A- Stable
	Cash Credit	Long-term	INR 10 Cr	ACUITE A- Stable
	Cash Credit	Long-term	INR 0.5 Cr	ACUITE A- Stable
	Term Loan	Long-term	INR 0.56 Cr	ACUITE A- Stable
	Term Loan	Long-term	INR 3.06 Cr	ACUITE A- Stable
	Term Loan	Long-term	INR 0.29 Cr	ACUITE A- Stable
	Proposed Long Term Bank Facility	Long-term	INR 39.79 Cr	ACUITE A- Stable
	Term Loan	Long-term	INR 9.37 Cr	ACUITE A- Stable
	Term Loan	Long-term	INR 1.43 Cr	ACUITE A- Stable
	Non-Covertible Debentures (NCD)	Long-term	INR 30 Cr	ACUITE A- Stable
	Principal protected market linked debentures	Long-term	INR 20 Cr	ACUITE PP-MLD A- Stable
	Principal protected market linked debentures	Long-term	INR 25 Cr	ACUITE PP-MLD A- Stable
	Proposed Non Convertible Debentures	Long-term	INR 1 Cr	ACUITE A- Stable
	Non-Covertible Debentures (NCD)	Long-term	INR 25 Cr	ACUITE A- Stable
	Non-Covertible Debentures (NCD)	Long-term	INR 24 Cr	ACUITE A- Stable
	Proposed Non Convertible Debentures	Long-term	INR 50 Cr	ACUITE A- Stable
18th Apr 24	NAMRA FINANCE LIMITED			Instrument & Lender Details NAMRA FINANCE 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
	Cash Credit	Long-term	INR 1 Cr	ACUITE A- Stable
	Cash Credit	Long-term	INR 0.5 Cr	ACUITE A- Stable
	Cash Credit	Long-term	INR 1.24 Cr	ACUITE A- Stable
	Term Loan	Long-term	INR 0.03 Cr	ACUITE A- Stable
	Term Loan	Long-term	INR 0.91 Cr	ACUITE A- Stable
	Term Loan	Long-term	INR 0.07 Cr	ACUITE A- Stable
	Term Loan	Long-term	INR 1.81 Cr	ACUITE A- Stable
	Term Loan	Long-term	INR 0.23 Cr	ACUITE A- Stable
	Term Loan	Long-term	INR 4.99 Cr	ACUITE A- Stable
	Term Loan	Long-term	INR 2 Cr	ACUITE A- Stable
	Term Loan	Long-term	INR 5.24 Cr	ACUITE A- Stable
	Term Loan	Long-term	INR 3.93 Cr	ACUITE A- Stable
	Term Loan	Long-term	INR 8 Cr	ACUITE A- Stable
	Term Loan	Long-term	INR 3.12 Cr	ACUITE A- Stable
	Term Loan	Long-term	INR 1.9 Cr	ACUITE A- Stable
	Term Loan	Long-term	INR 12.73 Cr	ACUITE A- Stable
	Term Loan	Long-term	INR 4.37 Cr	ACUITE A- Stable
	Term Loan	Long-term	INR 5.79 Cr	ACUITE A- Stable
	Term Loan	Long-term	INR 12 Cr	ACUITE A- Stable
	Term Loan	Long-term	INR 7.5 Cr	ACUITE A- Stable
	Term Loan	Long-term	INR 5 Cr	ACUITE A- Stable
	Proposed Term Loan	Long-term	INR 0.84 Cr	ACUITE A- Stable
	Term Loan	Long-term	INR 14.57 Cr	ACUITE A- Stable
	Term Loan	Long-term	INR 15.97 Cr	ACUITE A- Stable
	Term Loan	Long-term	INR 3.12 Cr	ACUITE A- Stable
	Term Loan	Long-term	INR 11.17 Cr	ACUITE A- Stable
	Term Loan	Long-term	INR 8.24 Cr	ACUITE A- Stable
	Term Loan	Long-term	INR 11.25 Cr	ACUITE A- Stable
	Term Loan	Long-term	INR 64.36 Cr	ACUITE A- Stable
	Term Loan	Long-term	INR 0.1 Cr	ACUITE A- Stable
	Term Loan	Long-term	INR 20 Cr	ACUITE A- Stable
	Term Loan	Long-term	INR 16.64 Cr	ACUITE A- Stable
	Term Loan	Long-term	INR 9.17 Cr	ACUITE A- Stable
	Term Loan	Long-term	INR 40.99 Cr	ACUITE A- Stable
	Non-Covertible Debentures (NCD)	Long-term	INR 40 Cr	ACUITE A- Stable
	Term Loan	Long-term	INR 17.8 Cr	ACUITE A- Stable
	Term Loan	Long-term	INR 22.92 Cr	ACUITE A- Stable
	Term Loan	Long-term	INR 17.5 Cr	ACUITE A- Stable
	Term Loan	Long-term	INR 15 Cr	ACUITE A- Stable
	Proposed Term Loan	Long-term	INR 3 Cr	ACUITE A- Stable
	Term Loan	Long-term	INR 30 Cr	ACUITE A- Stable
	Term Loan	Long-term	INR 20 Cr	ACUITE A- Stable
	Term Loan	Long-term	INR 10 Cr	ACUITE A- Stable
	Term Loan	Long-term	INR 110 Cr	ACUITE A- Stable
	Term Loan	Long-term	INR 35 Cr	ACUITE A- Stable
	Term Loan	Long-term	INR 30 Cr	ACUITE A- Stable
	Principal protected market linked debentures	Long-term	INR 30 Cr	ACUITE Not Applicable
	Principal protected market linked debentures	Long-term	INR 6.8 Cr	ACUITE PP-MLD A- Stable
	Proposed principal protected market linked debentures	Long-term	INR 5.2 Cr	ACUITE PP-MLD A- Stable
18th Apr 24	STERLING AND WILSON RENEWABLE ENERGY LIMITED ( ERSTWHILE STERLING AND WILSON SOLAR LIMITED)			Instrument & Lender Details STERLING AND WILSON RENEWABLE ENERGY LIMITED ( ERSTWHILE STERLING AND WILSON SOLAR 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 + 8 = I am not a robot
	Commercial Paper Program	Short-term	INR 100 Cr	ACUITE A4+
18th Apr 24	PLANT LIPIDS PRIVATE LIMITED			Instrument & Lender Details PLANT LIPIDS 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 + 6 = I am not a robot
	Post Shipment Credit	Short-term	INR 60 Cr	ACUITE A1+
	Proposed Long Term Bank Facility	Long-term	INR 1 Cr	ACUITE AA- Stable
	Post Shipment Credit	Short-term	INR 115 Cr	ACUITE A1+
	PC/PCFC	Short-term	INR 35 Cr	ACUITE A1+
	PC/PCFC	Short-term	INR 45 Cr	ACUITE A1+
	PC/PCFC	Short-term	INR 150 Cr	ACUITE A1+
	PC/PCFC	Short-term	INR 48 Cr	ACUITE A1+
	PC/PCFC	Short-term	INR 40 Cr	ACUITE A1+
	PC/PCFC	Short-term	INR 30 Cr	ACUITE A1+
	Packing Credit	Short-term	INR 75 Cr	ACUITE A1+
	Letter of Credit	Short-term	INR 5 Cr	ACUITE A1+
	PC/PCFC	Short-term	INR 25 Cr	ACUITE A1+
	PC/PCFC	Short-term	INR 27 Cr	ACUITE A1+
	PC/PCFC	Short-term	INR 160 Cr	ACUITE A1+
17th Apr 24	CHANDRA NIRMAN PRIVATE LIMITED			Instrument & Lender Details CHANDRA NIRMAN 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
	Bank Guarantee (BLR)	Short-term	INR 18 Cr	ACUITE A3
	Bank Guarantee (BLR)	Short-term	INR 16.25 Cr	ACUITE A3
	Bank Guarantee (BLR)	Short-term	INR 7.5 Cr	ACUITE A3
	Bank Guarantee (BLR)	Short-term	INR 8.5 Cr	ACUITE A3
	Cash Credit	Long-term	INR 7 Cr	ACUITE BBB- Stable
	Cash Credit	Long-term	INR 3 Cr	ACUITE BBB- Stable
	Covid Emergency Line.	Long-term	INR 1.3 Cr	ACUITE BBB- Stable
	Proposed Long Term Bank Facility	Long-term	INR 3.7 Cr	ACUITE BBB- Stable
17th Apr 24	GYPELITE INDIA PRIVATE LIMITED			Instrument & Lender Details GYPELITE 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 6 + 4 = I am not a robot
	Proposed Short Term Bank Facility	Short-term	INR 4.33 Cr	ACUITE A4
	Letter of Credit	Short-term	INR 4 Cr	ACUITE A4
	Cash Credit	Long-term	INR 9.5 Cr	ACUITE B+ Stable
	Funded Interest Term Loan	Long-term	INR 11.17 Cr	ACUITE B+ Stable
	Funded Interest Term Loan	Long-term	INR 11.13 Cr	ACUITE B+ Stable
	Funded Interest Term Loan	Long-term	INR 7.02 Cr	ACUITE B+ Stable
	Working Capital Term Loan	Long-term	INR 2.66 Cr	ACUITE B+ Stable
	Working Capital Term Loan	Long-term	INR 3.04 Cr	ACUITE B+ Stable
	Working Capital Term Loan	Long-term	INR 1.35 Cr	ACUITE B+ Stable
	Proposed Cash Credit	Long-term	INR 4 Cr	ACUITE B+ Stable
	Funded Interest Term Loan	Long-term	INR 0.8 Cr	ACUITE B+ Stable
17th Apr 24	AMBEY METALLIC PRIVATE LIMITED			Instrument & Lender Details AMBEY METALLIC 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 4 + 9 = I am not a robot
	Letter of Credit	Short-term	INR 18 Cr	ACUITE A3
	Bank Guarantee (BLR)	Short-term	INR 0.35 Cr	ACUITE A3
	Cash Credit	Long-term	INR 11.65 Cr	ACUITE BBB- Negative
	Proposed Cash Credit	Long-term	INR 5 Cr	ACUITE BBB- Negative
17th Apr 24	AEON FORMULATIONS PRIVATE LIMITED			Instrument & Lender Details AEON FORMULATIONS 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 4 + 4 = I am not a robot
	Cash Credit	Long-term	INR 4 Cr	ACUITE B+
	Proposed Long Term Bank Facility	Long-term	INR 3.74 Cr	ACUITE B+
	Working Capital Demand Loan (WCDL)	Long-term	INR 0.71 Cr	ACUITE B+
	Working Capital Term Loan	Long-term	INR 0.55 Cr	ACUITE B+
	Working Capital Term Loan	Long-term	INR 1 Cr	ACUITE B+
17th Apr 24	GENISYS INFORMATION SYSTEMS INDIA PRIVATE LIMITED			Instrument & Lender Details GENISYS INFORMATION SYSTEMS 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 3 + 1 = I am not a robot
	Bank Guarantee (BLR)	Short-term	INR 0.78 Cr	ACUITE Not Applicable
	Cash Credit	Long-term	INR 9 Cr	ACUITE Not Applicable
	Term Loan	Long-term	INR 0.03 Cr	ACUITE Not Applicable
	Term Loan	Long-term	INR 2.9 Cr	ACUITE Not Applicable
	Proposed Long Term Loan	Long-term	INR 3.79 Cr	ACUITE Not Applicable