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Date	Entity Name			Rating Action
28th Aug 24	MEGHA FRUIT PROCESSING PRIVATE LIMITED			Instrument & Lender Details MEGHA FRUIT PROCESSING 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
	Letter of Credit	Short-term	INR 7 Cr	ACUITE A4+
	Cash Credit	Long-term	INR 60 Cr	ACUITE BB
	Term Loan	Long-term	INR 9.73 Cr	ACUITE BB
	Term Loan	Long-term	INR 54.08 Cr	ACUITE BB
28th Aug 24	PREMIER CASHEW PRODUCTS			Instrument & Lender Details PREMIER CASHEW PRODUCTS 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
	Cash Credit	Long-term	INR 4 Cr	ACUITE B
	Term Loan	Long-term	INR 2.67 Cr	ACUITE B
	Proposed Long Term Bank Facility	Long-term	INR 0.33 Cr	ACUITE B
	Proposed Cash Credit	Long-term	INR 2 Cr	ACUITE B
28th Aug 24	SAI JEWELLERS			Instrument & Lender Details SAI JEWELLERS To: CC: Note: By clicking on send button you shall be sharing a copy of rating release on the mentioned Email IDs. Captcha 5 + 6 = I am not a robot
	PC/PCFC	Short-term	INR 3 Cr	ACUITE A4
	Cash Credit	Long-term	INR 2 Cr	ACUITE B
28th Aug 24	SHIV GORAKH TIMBER PRIVATE LIMITED			Instrument & Lender Details SHIV GORAKH 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 8 + 5 = I am not a robot
	Letter of Credit	Short-term	INR 10 Cr	ACUITE A4
	Cash Credit	Long-term	INR 1.25 Cr	ACUITE B
	Proposed Long Term Bank Facility	Long-term	INR 1 Cr	ACUITE B
28th Aug 24	SHREE SAMTAINATH ENTERPRISES PRIVATE LIMITED			Instrument & Lender Details SHREE SAMTAINATH ENTERPRISES 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
	Bills Discounting	Short-term	INR 1 Cr	ACUITE A4
	Bank Guarantee (BLR)	Short-term	INR 1.25 Cr	ACUITE A4
	Cash Credit	Long-term	INR 3.75 Cr	ACUITE B
28th Aug 24	SRI SEETARAMA AGRO INDUSTRIES			Instrument & Lender Details SRI SEETARAMA AGRO INDUSTRIES To: CC: Note: By clicking on send button you shall be sharing a copy of rating release on the mentioned Email IDs. Captcha 9 + 7 = I am not a robot
	Cash Credit	Long-term	INR 10 Cr	ACUITE B
	Term Loan	Long-term	INR 0.54 Cr	ACUITE B
	Proposed Long Term Bank Facility	Long-term	INR 0.21 Cr	ACUITE B
28th Aug 24	SUNGRACE ENERGY SOLUTIONS PRIVATE LIMITED			Instrument & Lender Details SUNGRACE ENERGY SOLUTIONS 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
	Bank Guarantee (BLR)	Short-term	INR 4.5 Cr	ACUITE A4
	Cash Credit	Long-term	INR 4.5 Cr	ACUITE B
	Secured Overdraft	Long-term	INR 1 Cr	ACUITE B
	Proposed Long Term Bank Facility	Long-term	INR 1 Cr	ACUITE B
28th Aug 24	TECHNOLOGY FRONTIERS (INDIA) PRIVATE LIMITED			Instrument & Lender Details TECHNOLOGY FRONTIERS (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
	Bank Guarantee (BLR)	Short-term	INR 3 Cr	ACUITE A4
	Proposed Letter of Credit	Short-term	INR 5.82 Cr	ACUITE A4
	Cash Credit	Long-term	INR 8 Cr	ACUITE B
	Term Loan	Long-term	INR 2 Cr	ACUITE B
	Term Loan	Long-term	INR 16.18 Cr	ACUITE B
28th Aug 24	V P BEDEKAR AND SONS PRIVATE LIMITED			Instrument & Lender Details V P BEDEKAR AND SONS 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 + 1 = I am not a robot
	Term Loan	Long-term	INR 1.53 Cr	ACUITE B-
	Cash Credit	Long-term	INR 2 Cr	ACUITE B-
	Term Loan	Long-term	INR 0.26 Cr	ACUITE B-
	Proposed Long Term Bank Facility	Long-term	INR 2.21 Cr	ACUITE B-
28th Aug 24	MAS ADDITIVES PRIVATE LIMITED			Instrument & Lender Details MAS ADDITIVES 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
	Letter of Credit	Short-term	INR 11 Cr	ACUITE A4+
	Letter of Credit	Short-term	INR 8 Cr	ACUITE A4+
	Cash Credit	Long-term	INR 5 Cr	ACUITE BB+ Stable
28th Aug 24	CYLWIN KNITFASHIONS			Instrument & Lender Details CYLWIN KNITFASHIONS 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
	PC/PCFC	Long-term	INR 15 Cr	ACUITE BB-
	Working Capital Term Loan	Long-term	INR 2.61 Cr	ACUITE BB-
28th Aug 24	FINOVA CAPITAL PRIVATE LIMITED			Instrument & Lender Details FINOVA CAPITAL 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 + 5 = I am not a robot
	Proposed Long Term Bank Facility	Long-term	INR 69.76 Cr	ACUITE A+ Stable
	Term Loan	Long-term	INR 4.6 Cr	ACUITE A+ Stable
	Non-Covertible Debentures (NCD)	Long-term	INR 25 Cr	ACUITE A+ Stable
	Proposed Non Convertible Debentures	Long-term	INR 50 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
	Term Loan	Long-term	INR 4.98 Cr	ACUITE A+ Stable
	Term Loan	Long-term	INR 1.87 Cr	ACUITE A+ Stable
	Term Loan	Long-term	INR 7.92 Cr	ACUITE A+ Stable
	Term Loan	Long-term	INR 5.19 Cr	ACUITE A+ Stable
	Term Loan	Long-term	INR 6.47 Cr	ACUITE A+ Stable
	Term Loan	Long-term	INR 6.02 Cr	ACUITE A+ Stable
	Term Loan	Long-term	INR 6.71 Cr	ACUITE A+ Stable
	Term Loan	Long-term	INR 5.21 Cr	ACUITE A+ Stable
	Term Loan	Long-term	INR 4.48 Cr	ACUITE A+ Stable
	Term Loan	Long-term	INR 2.5 Cr	ACUITE A+ Stable
	Term Loan	Long-term	INR 6.64 Cr	ACUITE A+ Stable
	Term Loan	Long-term	INR 16.82 Cr	ACUITE A+ Stable
	Term Loan	Long-term	INR 5.17 Cr	ACUITE A+ Stable
	Principal protected market linked debentures	Long-term	INR 10 Cr	ACUITE Not Applicable
	Term Loan	Long-term	INR 37.07 Cr	ACUITE A+ Stable
	Term Loan	Long-term	INR 27.16 Cr	ACUITE A+ Stable
	Non-Covertible Debentures (NCD)	Long-term	INR 15 Cr	ACUITE Not Applicable
	Term Loan	Long-term	INR 27.14 Cr	ACUITE A+ Stable
	Term Loan	Long-term	INR 29.29 Cr	ACUITE A+ Stable
28th Aug 24	AVIOM INDIA HOUSING FINANCE PRIVATE LIMITED			Instrument & Lender Details AVIOM INDIA HOUSING FINANCE 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 + 9 = I am not a robot
	Term Loan	Long-term	INR 1.33 Cr	ACUITE A- Stable
	Term Loan	Long-term	INR 1.33 Cr	ACUITE A- Stable
	Term Loan	Long-term	INR 1.25 Cr	ACUITE A- Stable
	Term Loan	Long-term	INR 40 Cr	ACUITE A- Stable
	Term Loan	Long-term	INR 1.94 Cr	ACUITE A- Stable
	Term Loan	Long-term	INR 0.31 Cr	ACUITE A- Stable
	Term Loan	Long-term	INR 0.25 Cr	ACUITE A- Stable
	Term Loan	Long-term	INR 1.09 Cr	ACUITE A- Stable
	Term Loan	Long-term	INR 0.94 Cr	ACUITE A- Stable
	Term Loan	Long-term	INR 1.12 Cr	ACUITE A- Stable
	Term Loan	Long-term	INR 2.87 Cr	ACUITE A- Stable
	Term Loan	Long-term	INR 1.58 Cr	ACUITE A- Stable
	Term Loan	Long-term	INR 2.12 Cr	ACUITE A- Stable
	Term Loan	Long-term	INR 1.88 Cr	ACUITE A- Stable
	Term Loan	Long-term	INR 0.43 Cr	ACUITE A- Stable
	Term Loan	Long-term	INR 1.77 Cr	ACUITE A- Stable
	Term Loan	Long-term	INR 2.09 Cr	ACUITE A- Stable
	Term Loan	Long-term	INR 4.65 Cr	ACUITE A- Stable
	Term Loan	Long-term	INR 2.23 Cr	ACUITE A- Stable
	Term Loan	Long-term	INR 1.64 Cr	ACUITE A- Stable
	Term Loan	Long-term	INR 2.19 Cr	ACUITE A- Stable
	Term Loan	Long-term	INR 2.31 Cr	ACUITE A- Stable
	Term Loan	Long-term	INR 2.44 Cr	ACUITE A- Stable
	Term Loan	Long-term	INR 2.18 Cr	ACUITE A- Stable
	Term Loan	Long-term	INR 2.81 Cr	ACUITE A- Stable
	Term Loan	Long-term	INR 2.38 Cr	ACUITE A- Stable
	Non-Covertible Debentures (NCD)	Long-term	INR 5 Cr	ACUITE A- Stable
	Non-Covertible Debentures (NCD)	Long-term	INR 10 Cr	ACUITE A- Stable
	Non-Covertible Debentures (NCD)	Long-term	INR 15 Cr	ACUITE A- Stable
	Non-Covertible Debentures (NCD)	Long-term	INR 14.5 Cr	ACUITE A- Stable
	Non-Covertible Debentures (NCD)	Long-term	INR 22 Cr	ACUITE A- Stable
	Term Loan	Long-term	INR 4.41 Cr	ACUITE A- Stable
	Term Loan	Long-term	INR 0.13 Cr	ACUITE A- Stable
	Term Loan	Long-term	INR 1.85 Cr	ACUITE A- Stable
	Term Loan	Long-term	INR 2.6 Cr	ACUITE A- Stable
	Term Loan	Long-term	INR 2.02 Cr	ACUITE A- Stable
	Term Loan	Long-term	INR 31.11 Cr	ACUITE AA+ Stable
	Term Loan	Long-term	INR 0.05 Cr	ACUITE A- Stable
	Term Loan	Long-term	INR 0.09 Cr	ACUITE A- Stable
	Term Loan	Long-term	INR 1.32 Cr	ACUITE A- Stable
	Term Loan	Long-term	INR 4.67 Cr	ACUITE A- Stable
	Term Loan	Long-term	INR 7.04 Cr	ACUITE A- Stable
	Term Loan	Long-term	INR 1.69 Cr	ACUITE A- Stable
	Term Loan	Long-term	INR 0.37 Cr	ACUITE A- Stable
	Term Loan	Long-term	INR 0.13 Cr	ACUITE A- Stable
	Term Loan	Long-term	INR 1.86 Cr	ACUITE A- Stable
	Term Loan	Long-term	INR 7.59 Cr	ACUITE A- Stable
	Term Loan	Long-term	INR 3.59 Cr	ACUITE A- Stable
	Term Loan	Long-term	INR 3.53 Cr	ACUITE A- Stable
	Term Loan	Long-term	INR 6.25 Cr	ACUITE A- Stable
	Term Loan	Long-term	INR 4.52 Cr	ACUITE A- Stable
	Term Loan	Long-term	INR 0.55 Cr	ACUITE A- Stable
	Term Loan	Long-term	INR 5.52 Cr	ACUITE A- Stable
	Term Loan	Long-term	INR 1.75 Cr	ACUITE A- Stable
	Term Loan	Long-term	INR 4.52 Cr	ACUITE A- Stable
	Term Loan	Long-term	INR 4.49 Cr	ACUITE A- Stable
	Working Capital Term Loan	Long-term	INR 1 Cr	ACUITE A- Stable
	Term Loan	Long-term	INR 24.6 Cr	ACUITE A- Stable
	Term Loan	Long-term	INR 21.3 Cr	ACUITE A- Stable
	Term Loan	Long-term	INR 4.08 Cr	ACUITE A- Stable
	Term Loan	Long-term	INR 1.23 Cr	ACUITE A- Stable
	Term Loan	Long-term	INR 1.17 Cr	ACUITE A- Stable
	Proposed Long Term Loan	Long-term	INR 0.03 Cr	ACUITE A- Stable
	Non-Covertible Debentures (NCD)	Long-term	INR 21.5 Cr	ACUITE A- Stable
	Proposed Non Convertible Debentures	Long-term	INR 4.3 Cr	ACUITE A- Stable
	Non-Covertible Debentures (NCD)	Long-term	INR 21 Cr	ACUITE A- Stable
	Non-Covertible Debentures (NCD)	Long-term	INR 21 Cr	ACUITE A- Stable
	Term Loan	Long-term	INR 8.57 Cr	ACUITE A- Stable
	Term Loan	Long-term	INR 24.04 Cr	ACUITE A- Stable
	Term Loan	Long-term	INR 11.5 Cr	ACUITE A- Stable
	Term Loan	Long-term	INR 20 Cr	ACUITE A- Stable
	Term Loan	Long-term	INR 10.56 Cr	ACUITE A- Stable
	Term Loan	Long-term	INR 16.67 Cr	ACUITE A- Stable
	Term Loan	Long-term	INR 8 Cr	ACUITE A- Stable
	Term Loan	Long-term	INR 13.13 Cr	ACUITE A- Stable
	Non-Covertible Debentures (NCD)	Long-term	INR 30 Cr	ACUITE A- Stable
	Non-Covertible Debentures (NCD)	Long-term	INR 37.2 Cr	ACUITE A- Stable
	Term Loan	Long-term	INR 15 Cr	ACUITE A- Stable
	Term Loan	Long-term	INR 15 Cr	ACUITE A- Stable
	Proposed Long Term Bank Facility	Long-term	INR 50 Cr	ACUITE A- Stable
28th Aug 24	FINWIZARD TECHNOLOGY PRIVATE LIMITED			Instrument & Lender Details FINWIZARD TECHNOLOGY 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
	Proposed Commercial Paper Program	Short-term	INR 40 Cr	ACUITE A3+
26th Aug 24	UNITED POLYFAB GUJARAT LIMITED			Instrument & Lender Details UNITED POLYFAB GUJARAT 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
	Bank Guarantee (BLR)	Short-term	INR 4 Cr	ACUITE A4
	Bank Guarantee (BLR)	Short-term	INR 1.5 Cr	ACUITE A4
	Cash Credit	Long-term	INR 2 Cr	ACUITE B
	Cash Credit	Long-term	INR 7 Cr	ACUITE B
	Term Loan	Long-term	INR 7.1 Cr	ACUITE B
	Term Loan	Long-term	INR 4.66 Cr	ACUITE B
	Term Loan	Long-term	INR 23.65 Cr	ACUITE B
	Term Loan	Long-term	INR 27.37 Cr	ACUITE B
	Cash Credit	Long-term	INR 5 Cr	ACUITE B
	Term Loan	Long-term	INR 6.89 Cr	ACUITE B
	Term Loan	Long-term	INR 3.17 Cr	ACUITE B
	Cash Credit	Long-term	INR 6 Cr	ACUITE B
	Term Loan	Long-term	INR 14.22 Cr	ACUITE B
	Proposed Long Term Bank Facility	Long-term	INR 27.44 Cr	ACUITE B
26th Aug 24	SHALIMAR PAINTS LIMITED			Instrument & Lender Details SHALIMAR PAINTS 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
	Letter of Credit	Short-term	INR 37.5 Cr	ACUITE A4+
	Proposed Short Term Bank Facility	Short-term	INR 0.78 Cr	ACUITE A4+
	Letter of Credit	Short-term	INR 6 Cr	ACUITE A4+
	Letter of Credit	Short-term	INR 15 Cr	ACUITE A4+
	Letter of Credit	Short-term	INR 7.75 Cr	ACUITE A4+
	Bank Guarantee (BLR)	Short-term	INR 0.75 Cr	ACUITE A4+
	Bank Guarantee/Letter of Guarantee	Short-term	INR 10 Cr	ACUITE A4+
	Cash Credit	Long-term	INR 60 Cr	ACUITE BB
	Cash Credit	Long-term	INR 17 Cr	ACUITE BB
	Cash Credit	Long-term	INR 12 Cr	ACUITE BB
	Cash Credit	Long-term	INR 8.5 Cr	ACUITE BB
	Working Capital Demand Loan (WCDL)	Long-term	INR 7.57 Cr	ACUITE BB
	Working Capital Demand Loan (WCDL)	Long-term	INR 2.03 Cr	ACUITE BB
	Working Capital Demand Loan (WCDL)	Long-term	INR 1.23 Cr	ACUITE BB
	Working Capital Demand Loan (WCDL)	Long-term	INR 2.89 Cr	ACUITE BB
	Term Loan	Long-term	INR 13 Cr	ACUITE BB
	Cash Credit	Long-term	INR 5 Cr	ACUITE BB
26th Aug 24	PEOPLES ACTION FOR TRANSFORMATION			Instrument & Lender Details PEOPLES ACTION FOR TRANSFORMATION To: CC: Note: By clicking on send button you shall be sharing a copy of rating release on the mentioned Email IDs. Captcha 3 + 5 = I am not a robot
	Term Loan	Long-term	INR 2.27 Cr	ACUITE BB-
	Term Loan	Long-term	INR 0.27 Cr	ACUITE BB-
	Term Loan	Long-term	INR 1.03 Cr	ACUITE BB-
	Proposed Long Term Bank Facility	Long-term	INR 42.08 Cr	ACUITE BB-
	Term Loan	Long-term	INR 1.27 Cr	ACUITE BB-
	Term Loan	Long-term	INR 3.08 Cr	ACUITE BB-
26th Aug 24	APS HYDRO PRIVATE LIMITED			Instrument & Lender Details APS HYDRO 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 + 4 = I am not a robot
	Bank Guarantee (BLR)	Short-term	INR 6 Cr	ACUITE A4
	Cash Credit	Long-term	INR 9 Cr	ACUITE B
	Proposed Long Term Bank Facility	Long-term	INR 15 Cr	ACUITE B
26th Aug 24	BHARATHI HOMES AND REALTORS PRIVATE LIMITED			Instrument & Lender Details BHARATHI HOMES AND REALTORS 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 + 1 = I am not a robot
	Proposed Long Term Loan	Long-term	INR 6.58 Cr	ACUITE BB-
	Proposed Long Term Bank Facility	Long-term	INR 9.33 Cr	ACUITE BB-
26th Aug 24	LIONS CLUB OF ANKLESHWAR INDUSTRIAL AREA COMMUNITY TRUST			Instrument & Lender Details LIONS CLUB OF ANKLESHWAR INDUSTRIAL AREA COMMUNITY TRUST To: CC: Note: By clicking on send button you shall be sharing a copy of rating release on the mentioned Email IDs. Captcha 7 + 7 = I am not a robot
	Term Loan	Long-term	INR 6.07 Cr	ACUITE B-
	Proposed Term Loan	Long-term	INR 0.03 Cr	ACUITE B-