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Date	Entity Name			Rating Action
21st May 25	EARNEST CONSTRUCTIONS PRIVATE LIMITED			Instrument & Lender Details EARNEST CONSTRUCTIONS 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 + 2 = I am not a robot
	Non-Covertible Debentures (NCD)	Long-term	INR 320 Cr	ACUITE B Stable
21st May 25	Ensol Multiclean Equipments Private Limited			Instrument & Lender Details Ensol Multiclean Equipments 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 + 2 = I am not a robot
	Cash Credit	Long-term	INR 3.5 Cr	ACUITE BB Stable
	Cash Credit	Long-term	INR 21.5 Cr	ACUITE BB Stable
	Term Loan	Long-term	INR 0.52 Cr	ACUITE BB Stable
	Term Loan	Long-term	INR 6.91 Cr	ACUITE BB Stable
	Proposed Long Term Bank Facility	Long-term	INR 1.12 Cr	ACUITE BB Stable
	Proposed Long Term Bank Facility	Long-term	INR 0.57 Cr	ACUITE BB Stable
	Bank Guarantee (BLR)	Short-term	INR 4.41 Cr	ACUITE A4+
	Bank Guarantee (BLR)	Short-term	INR 15.59 Cr	ACUITE A4+
21st May 25	MANGALORE ELECTRICITY SUPPLY COMPANY LIMITED			Instrument & Lender Details MANGALORE ELECTRICITY SUPPLY COMPANY 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 + 8 = I am not a robot
	Term Loan	Long-term	INR 55.56 Cr	ACUITE A Stable
	Term Loan	Long-term	INR 144.46 Cr	ACUITE A Stable
	Term Loan	Long-term	INR 196.98 Cr	ACUITE A Stable
	Term Loan	Long-term	INR 74.08 Cr	ACUITE A Stable
	Term Loan	Long-term	INR 83.33 Cr	ACUITE A Stable
	Working Capital Demand Loan (WCDL)	Long-term	INR 100 Cr	ACUITE A Stable
	Term Loan	Long-term	INR 171.09 Cr	ACUITE A Stable
	Term Loan	Long-term	INR 297.25 Cr	ACUITE A Stable
	Working Capital Demand Loan (WCDL)	Long-term	INR 135 Cr	ACUITE A Stable
	Term Loan	Long-term	INR 206.05 Cr	ACUITE A Stable
	Term Loan	Long-term	INR 133.95 Cr	ACUITE A Stable
	Term Loan	Long-term	INR 62.5 Cr	ACUITE A Stable
	Working Capital Demand Loan (WCDL)	Long-term	INR 265 Cr	ACUITE A Stable
	Proposed Long Term Bank Facility	Long-term	INR 70.92 Cr	ACUITE A Stable
	Proposed Long Term Bank Facility	Long-term	INR 126.05 Cr	ACUITE A Stable
	Term Loan	Long-term	INR 40.96 Cr	ACUITE A Stable
	Term Loan	Long-term	INR 88.22 Cr	ACUITE A Stable
	Term Loan	Long-term	INR 33.6 Cr	ACUITE A Stable
	Letter of Credit	Short-term	INR 75 Cr	ACUITE A1
	Short-term Loan	Short-term	INR 100 Cr	ACUITE A1
	Short-term Loan	Short-term	INR 100 Cr	ACUITE A1
	Short-term Loan	Short-term	INR 40 Cr	ACUITE A1
	Letter of Credit	Short-term	INR 200 Cr	ACUITE A1
21st May 25	ESDS SOFTWARE SOLUTION LIMITED (ERSTWHILE ESDS SOFTWARE SOLUTION PRIVATE LIMITED)			Instrument & Lender Details ESDS SOFTWARE SOLUTION LIMITED (ERSTWHILE ESDS SOFTWARE SOLUTION 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
	Term Loan	Long-term	INR 3.79 Cr	ACUITE BB
	Cash Credit	Long-term	INR 10 Cr	ACUITE BB
	Term Loan	Long-term	INR 1.55 Cr	ACUITE BB
	Term Loan	Long-term	INR 17.08 Cr	ACUITE BB
	Working Capital Term Loan	Long-term	INR 2.62 Cr	ACUITE BB
	Term Loan	Long-term	INR 4.17 Cr	ACUITE BB
	Cash Credit	Long-term	INR 10 Cr	ACUITE Not Applicable
	Term Loan	Long-term	INR 4.7 Cr	ACUITE Not Applicable
	Term Loan	Long-term	INR 1.38 Cr	ACUITE Not Applicable
	Proposed Cash Credit	Long-term	INR 0.96 Cr	ACUITE Not Applicable
	Bank Guarantee (BLR)	Short-term	INR 12 Cr	ACUITE A4+
	Bank Guarantee (BLR)	Short-term	INR 13.75 Cr	ACUITE Not Applicable
21st May 25	SARGA HOTEL PRIVATE LIMITED			Instrument & Lender Details SARGA HOTEL 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
	Term Loan	Long-term	INR 10 Cr	ACUITE BBB+ Stable
	Secured Overdraft	Long-term	INR 2 Cr	ACUITE BBB+ Stable
	Term Loan	Long-term	INR 57.5 Cr	ACUITE BBB+ Stable
	Term Loan	Long-term	INR 20 Cr	ACUITE BBB+ Stable
	Proposed Long Term Bank Facility	Long-term	INR 0.5 Cr	ACUITE BBB+ Stable
21st May 25	ASIAN BEVERAGE PRIVATE LIMITED			Instrument & Lender Details ASIAN BEVERAGE 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
	Cash Credit	Long-term	INR 5 Cr	ACUITE D
	Term Loan	Long-term	INR 20 Cr	ACUITE D
	Proposed Long Term Loan	Long-term	INR 0.1 Cr	ACUITE D
	Letter of Credit	Short-term	INR 10 Cr	ACUITE D
21st May 25	SN ENVIRO TECH PRIVATE LIMITED			Instrument & Lender Details SN ENVIRO TECH 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
	Cash Credit	Long-term	INR 4.5 Cr	ACUITE C
	Proposed Long Term Bank Facility	Long-term	INR 0.47 Cr	ACUITE C
	Bank Guarantee (BLR)	Short-term	INR 42.03 Cr	ACUITE A4
21st May 25	BRITTO SEAFOODS EXPORTS PRIVATE LIMITED			Instrument & Lender Details BRITTO SEAFOODS 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 4 + 3 = I am not a robot
	Proposed Long Term Loan	Long-term	INR 7 Cr	ACUITE B
	PC/PCFC	Short-term	INR 17 Cr	ACUITE A4
	Bills Discounting	Short-term	INR 2.5 Cr	ACUITE A4
	Proposed Packing Credit	Short-term	INR 3.5 Cr	ACUITE A4
21st May 25	CMYK PRINTECH LIMITED			Instrument & Lender Details CMYK PRINTECH 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
	Secured Overdraft	Long-term	INR 9 Cr	ACUITE B-
21st May 25	FOYER MINES AND MINERALS PRIVATE LIMITED			Instrument & Lender Details FOYER MINES AND MINERALS 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
	Term Loan	Long-term	INR 7.31 Cr	ACUITE B-
	Proposed Cash Credit	Long-term	INR 15.69 Cr	ACUITE B-
21st May 25	GAUTAM SILKS			Instrument & Lender Details GAUTAM SILKS 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 6.5 Cr	ACUITE B
21st May 25	INTEGRAL INDUSTRIES PRIVATE LIMITED			Instrument & Lender Details INTEGRAL INDUSTRIES 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
	Letter of Credit	Long-term	INR 45 Cr	ACUITE BB
	Proposed Long Term Bank Facility	Long-term	INR 35 Cr	ACUITE BB
21st May 25	J S FOURWHEEL MOTORS PRIVATE LIMITED			Instrument & Lender Details J S FOURWHEEL MOTORS 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 + 8 = I am not a robot
	Cash Credit	Long-term	INR 17 Cr	ACUITE BB
21st May 25	MULTI SALES PRIVATE LIMITED			Instrument & Lender Details MULTI SALES 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 + 8 = I am not a robot
	Cash Credit	Long-term	INR 5.5 Cr	ACUITE B
21st May 25	PATEL TIMBER CORPORATION			Instrument & Lender Details PATEL TIMBER CORPORATION 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
	Cash Credit	Long-term	INR 4.25 Cr	ACUITE B-
	Letter of Credit	Short-term	INR 2.5 Cr	ACUITE A4
	Letter of Credit	Short-term	INR 2 Cr	ACUITE A4
	Letter of Credit	Short-term	INR 2 Cr	ACUITE A4
21st May 25	RNV INDUSTRIES PRIVATE LIMITED			Instrument & Lender Details RNV INDUSTRIES 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 + 7 = I am not a robot
	Letter of Credit	Long-term	INR 200 Cr	ACUITE BB
21st May 25	VTC TRANSPORT PRIVATE LIMITED			Instrument & Lender Details VTC TRANSPORT 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
	Cash Credit	Long-term	INR 4 Cr	ACUITE B
	Proposed Long Term Bank Facility	Long-term	INR 0.05 Cr	ACUITE B
	Bank Guarantee/Letter of Guarantee	Short-term	INR 0.95 Cr	ACUITE A4
21st May 25	SURUCHI PROPERTIES PRIVATE LIMITED			Instrument & Lender Details SURUCHI PROPERTIES 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 + 8 = I am not a robot
	Non-Covertible Debentures (NCD)	Long-term	INR 450 Cr	ACUITE BB- Stable
	Proposed Non Convertible Debentures	Long-term	INR 450 Cr	ACUITE BB- Stable
21st May 25	B P FOOD PRODUCTS PRIVATE LIMITED			Instrument & Lender Details B P FOOD PRODUCTS 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 + 6 = I am not a robot
	Cash Credit	Long-term	INR 25 Cr	ACUITE C
	Cash Credit	Long-term	INR 39 Cr	ACUITE C
	Term Loan	Long-term	INR 9.34 Cr	ACUITE C
	Proposed Long Term Bank Facility	Long-term	INR 102.66 Cr	ACUITE C
21st May 25	OM SHRI SHUBH LABH AGRIFRESH PRIVATE LIMITED			Instrument & Lender Details OM SHRI SHUBH LABH AGRIFRESH 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
	Cash Credit	Long-term	INR 6 Cr	ACUITE C
	Proposed Long Term Bank Facility	Long-term	INR 9 Cr	ACUITE C