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Date	Entity Name			Rating Action
7th Mar 25	DVARA KSHETRIYA GRAMIN FINANCIAL SERVICES PRIVATE LIMITED			Instrument & Lender Details DVARA KSHETRIYA GRAMIN FINANCIAL SERVICES 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
	Proposed Non Convertible Debentures	Short-term	INR 50 Cr	ACUITE Not Applicable
	Proposed Non Convertible Debentures	Short-term	INR 25 Cr	ACUITE Not Applicable
	Proposed Long Term Bank Facility	Long-term	INR 236.99 Cr	ACUITE Not Applicable
	Proposed Non Convertible Debentures	Long-term	INR 25 Cr	ACUITE Not Applicable
	Term Loan	Long-term	INR 4.67 Cr	ACUITE Not Applicable
	Term Loan	Long-term	INR 8.34 Cr	ACUITE Not Applicable
	Principal protected market linked debentures	Long-term	INR 10 Cr	ACUITE Not Applicable
	Principal protected market linked debentures	Long-term	INR 10 Cr	ACUITE Not Applicable
	Principal protected market linked debentures	Long-term	INR 10 Cr	ACUITE Not Applicable
	Principal protected market linked debentures	Long-term	INR 20 Cr	ACUITE Not Applicable
	Proposed Non Convertible Debentures	Long-term	INR 125 Cr	ACUITE Not Applicable
7th Mar 25	ASANSOL ALLOYS PRIVATE LIMITED			Instrument & Lender Details ASANSOL ALLOYS 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
	Letter of Credit	Short-term	INR 2 Cr	ACUITE A3
	Bank Guarantee/Letter of Guarantee	Short-term	INR 6.5 Cr	ACUITE A3
	Bank Guarantee (BLR)	Short-term	INR 7.05 Cr	ACUITE A3
	Bank Guarantee (BLR)	Short-term	INR 5.95 Cr	ACUITE A3
	Cash Credit	Long-term	INR 1 Cr	ACUITE BBB- Stable
	Cash Credit	Long-term	INR 5 Cr	ACUITE BBB- Stable
	Cash Credit	Long-term	INR 5 Cr	ACUITE BBB- Stable
	Term Loan	Long-term	INR 4.17 Cr	ACUITE BBB- Stable
	Proposed Long Term Bank Facility	Long-term	INR 1.85 Cr	ACUITE BBB- Stable
7th Mar 25	PRATEEK REALTORS INDIA PRIVATE LIMITED			Instrument & Lender Details PRATEEK REALTORS 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 + 2 = I am not a robot
	Non-Covertible Debentures (NCD)	Long-term	INR 325 Cr	ACUITE B Stable
	Proposed Non Convertible Debentures	Long-term	INR 300 Cr	ACUITE B Stable
7th Mar 25	NEW MODERN TECHNOMECH PRIVATE LIMITED			Instrument & Lender Details NEW MODERN TECHNOMECH 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 + 3 = I am not a robot
	Bank Guarantee/Letter of Guarantee	Short-term	INR 50 Cr	ACUITE A4+
	Stand By Line of Credit	Short-term	INR 2.8 Cr	ACUITE A4+
	Cash Credit	Long-term	INR 28 Cr	ACUITE BB-
	Working Capital Demand Loan (WCDL)	Long-term	INR 9.2 Cr	ACUITE BB-
7th Mar 25	MANAS AUTOMOTIVE SYSTEMS LIMITED			Instrument & Lender Details MANAS AUTOMOTIVE SYSTEMS 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 7 Cr	ACUITE B
	Term Loan	Long-term	INR 5.4 Cr	ACUITE B
	Proposed Long Term Bank Facility	Long-term	INR 7.6 Cr	ACUITE B
7th Mar 25	MUMBAI WTR PRIVATE LIMITED			Instrument & Lender Details MUMBAI WTR 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 + 2 = I am not a robot
	Term Loan	Long-term	INR 750 Cr	ACUITE C
7th Mar 25	PAN INDIA NETWORK INFRAVEST LIMITED			Instrument & Lender Details PAN INDIA NETWORK INFRAVEST 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
	Term Loan	Long-term	INR 510 Cr	ACUITE C
	Term Loan	Long-term	INR 450 Cr	ACUITE C
7th Mar 25	RADIANCE FLEX IMAGES PRIVATE LIMITED			Instrument & Lender Details RADIANCE FLEX IMAGES 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
	Term Loan	Long-term	INR 4.85 Cr	ACUITE B-
	Cash Credit	Long-term	INR 1 Cr	ACUITE B-
	Proposed Long Term Bank Facility	Long-term	INR 0.15 Cr	ACUITE B-
7th Mar 25	RIYARA TRADING			Instrument & Lender Details RIYARA TRADING To: CC: Note: By clicking on send button you shall be sharing a copy of rating release on the mentioned Email IDs. Captcha 1 + 4 = I am not a robot
	Cash Credit	Long-term	INR 8.5 Cr	ACUITE B+
7th Mar 25	SAHANA JEWELLERY EXPORTS PRIVATE LIMITED			Instrument & Lender Details SAHANA JEWELLERY EXPORTS 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 + 2 = I am not a robot
	Cash Credit	Long-term	INR 14 Cr	ACUITE B-
7th Mar 25	SIDDHARTH GLOBAL PRIVATE LIMITED			Instrument & Lender Details SIDDHARTH GLOBAL 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 2.5 Cr	ACUITE A4
	Cash Credit	Long-term	INR 5 Cr	ACUITE B-
	Proposed Long Term Bank Facility	Long-term	INR 2.5 Cr	ACUITE B-
7th Mar 25	TIRUPATI OIL INDUSTRIES			Instrument & Lender Details TIRUPATI OIL INDUSTRIES 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
	Proposed Long Term Bank Facility	Long-term	INR 0.75 Cr	ACUITE B
	Cash Credit	Long-term	INR 12.25 Cr	ACUITE B
7th Mar 25	V K DEVELOPERS			Instrument & Lender Details V K 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 + 7 = I am not a robot
	Term Loan	Long-term	INR 8 Cr	ACUITE B-
7th Mar 25	VIVEK PHARMACHEM INDIA LIMITED			Instrument & Lender Details VIVEK PHARMACHEM 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 9 + 8 = I am not a robot
	Letter of Credit	Short-term	INR 5 Cr	ACUITE A4
	Bank Guarantee (BLR)	Short-term	INR 15 Cr	ACUITE A4
	Cash Credit	Long-term	INR 30 Cr	ACUITE B+
	Term Loan	Long-term	INR 11.64 Cr	ACUITE B+
	Proposed Long Term Bank Facility	Long-term	INR 0.36 Cr	ACUITE B+
7th Mar 25	SANVI EDUCATION SOCIETY			Instrument & Lender Details SANVI EDUCATION SOCIETY To: CC: Note: By clicking on send button you shall be sharing a copy of rating release on the mentioned Email IDs. Captcha 9 + 2 = I am not a robot
	Cash Credit	Long-term	INR 1.05 Cr	ACUITE D
	Term Loan	Long-term	INR 7.89 Cr	ACUITE D
	Proposed Long Term Bank Facility	Long-term	INR 1.06 Cr	ACUITE D
7th Mar 25	ANDREW YULE AND CO LIMITED			Instrument & Lender Details ANDREW YULE AND CO 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
	FBN/FBP/FBD/PSFC/FBE	Short-term	INR 1.1 Cr	ACUITE A4
	Bank Guarantee (BLR)	Short-term	INR 0.76 Cr	ACUITE A4
	Bank Guarantee (BLR)	Short-term	INR 1.5 Cr	ACUITE A4
	Bank Guarantee (BLR)	Short-term	INR 17 Cr	ACUITE A4
	Letter of Credit	Short-term	INR 20 Cr	ACUITE A4
	Cash Credit	Long-term	INR 6.51 Cr	ACUITE B Stable
	Cash Credit	Long-term	INR 37.69 Cr	ACUITE B Stable
	Cash Credit	Long-term	INR 22 Cr	ACUITE B Stable
	Cash Credit	Long-term	INR 13 Cr	ACUITE B Stable
	Term Loan	Long-term	INR 1.08 Cr	ACUITE B Stable
	Term Loan	Long-term	INR 0.94 Cr	ACUITE B Stable
	Secured Overdraft	Long-term	INR 18.72 Cr	ACUITE B Stable
	Secured Overdraft	Long-term	INR 11.28 Cr	ACUITE B Stable
	Proposed Long Term Bank Facility	Long-term	INR 3.03 Cr	ACUITE B Stable
	Term Loan	Long-term	INR 0.39 Cr	ACUITE B Stable
7th Mar 25	SIPANI FIBRES LIMITED			Instrument & Lender Details SIPANI FIBRES 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 + 3 = I am not a robot
	Bank Guarantee (BLR)	Short-term	INR 10 Cr	ACUITE A3+
	Cash Credit	Long-term	INR 25 Cr	ACUITE BBB Stable
	Term Loan	Long-term	INR 11 Cr	ACUITE BBB Stable
7th Mar 25	AFP MANUFACTURING CO. PRIVATE LIMITED			Instrument & Lender Details AFP MANUFACTURING CO. 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 + 3 = I am not a robot
	Proposed Long Term Bank Facility	Long-term	INR 0.91 Cr	ACUITE BB
	Term Loan	Long-term	INR 2.64 Cr	ACUITE BB
	Cash Credit	Long-term	INR 17.5 Cr	ACUITE BB
	Cash Credit	Long-term	INR 17 Cr	ACUITE BB
	Term Loan	Long-term	INR 23.46 Cr	ACUITE BB
	Working Capital Term Loan	Long-term	INR 1.8 Cr	ACUITE BB
	Working Capital Term Loan	Long-term	INR 1.22 Cr	ACUITE BB
7th Mar 25	ECO ORGANICS			Instrument & Lender Details ECO ORGANICS To: CC: Note: By clicking on send button you shall be sharing a copy of rating release on the mentioned Email IDs. Captcha 2 + 9 = I am not a robot
	Proposed Packing Credit	Short-term	INR 11.5 Cr	ACUITE A4
	Cash Credit	Long-term	INR 25 Cr	ACUITE BB-
	Cash Credit	Long-term	INR 20 Cr	ACUITE BB-
	Working Capital Term Loan	Long-term	INR 3.52 Cr	ACUITE BB-
7th Mar 25	SHARAD SAHAKARI SAKHAR KARKHANA LIMITED			Instrument & Lender Details SHARAD SAHAKARI SAKHAR KARKHANA 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
	Short-term Loan	Short-term	INR 20 Cr	ACUITE A4
	Cash Credit	Long-term	INR 0.5 Cr	ACUITE BB-
	Cash Credit	Long-term	INR 0.5 Cr	ACUITE BB-
	Cash Credit	Long-term	INR 140 Cr	ACUITE BB-
	Cash Credit	Long-term	INR 10 Cr	ACUITE BB-