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Date	Entity Name			Rating Action
30th Nov 23	SICAGEN INDIA LIMITED			Instrument & Lender Details SICAGEN 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 7 + 9 = I am not a robot
	Bills Discounting	Short-term	INR 10 Cr	ACUITE A3+
	Bank Guarantee (BLR)	Short-term	INR 6 Cr	ACUITE A3+
	Cash Credit	Long-term	INR 17 Cr	ACUITE BBB Stable
	Proposed Long Term Bank Facility	Long-term	INR 10 Cr	ACUITE BBB Stable
30th Nov 23	MANAKSIA ALUMINIUM COMPANY LIMITED			Instrument & Lender Details MANAKSIA ALUMINIUM 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 + 3 = I am not a robot
	Letter of Credit	Short-term	INR 11.5 Cr	ACUITE A2+
	Letter of Credit	Short-term	INR 9 Cr	ACUITE A2+
	Letter of Credit	Short-term	INR 5 Cr	ACUITE A2+
	Letter of Credit	Short-term	INR 10 Cr	ACUITE A2+
	Bank Guarantee (BLR)	Short-term	INR 7.5 Cr	ACUITE A2+
	Letter of Credit	Short-term	INR 6 Cr	ACUITE A2+
	Letter of Credit	Short-term	INR 12 Cr	ACUITE A2+
	Cash Credit	Long-term	INR 27 Cr	ACUITE BBB+ Negative
	Term Loan	Long-term	INR 2.4 Cr	ACUITE BBB+ Negative
	Term Loan	Long-term	INR 0.44 Cr	ACUITE BBB+ Negative
	Cash Credit	Long-term	INR 40 Cr	ACUITE BBB+ Negative
	Term Loan	Long-term	INR 0.93 Cr	ACUITE BBB+ Negative
	Term Loan	Long-term	INR 6.59 Cr	ACUITE BBB+ Negative
	Cash Credit	Long-term	INR 35 Cr	ACUITE BBB+ Negative
	Cash Credit	Long-term	INR 14 Cr	ACUITE BBB+ Negative
	Term Loan	Long-term	INR 0.77 Cr	ACUITE BBB+ Negative
	Term Loan	Long-term	INR 0.93 Cr	ACUITE BBB+ Negative
	Term Loan	Long-term	INR 1.88 Cr	ACUITE BBB+ Negative
	Term Loan	Long-term	INR 2.6 Cr	ACUITE BBB+ Negative
	Term Loan	Long-term	INR 2.13 Cr	ACUITE BBB+ Negative
	Term Loan	Long-term	INR 2.18 Cr	ACUITE BBB+ Negative
	Cash Credit	Long-term	INR 19 Cr	ACUITE BBB+ Negative
	Cash Credit	Long-term	INR 14 Cr	ACUITE BBB+ Negative
	Term Loan	Long-term	INR 2.67 Cr	ACUITE BBB+ Negative
	Term Loan	Long-term	INR 2.31 Cr	ACUITE BBB+ Negative
	Proposed Long Term Bank Facility	Long-term	INR 9.17 Cr	ACUITE BBB+ Negative
30th Nov 23	STONEX INDIA PRIVATE LIMITED			Instrument & Lender Details STONEX 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 5 + 4 = I am not a robot
	Cash Credit	Long-term	INR 37.5 Cr	ACUITE BBB+ Stable
	Term Loan	Long-term	INR 0.3 Cr	ACUITE BBB+ Stable
	Working Capital Term Loan	Long-term	INR 1.85 Cr	ACUITE BBB+ Stable
	Cash Credit	Long-term	INR 30 Cr	ACUITE BBB+ Stable
	Working Capital Term Loan	Long-term	INR 6 Cr	ACUITE BBB+ Stable
	Cash Credit	Long-term	INR 22.5 Cr	ACUITE BBB+ Stable
	Term Loan	Long-term	INR 25 Cr	ACUITE BBB+ Stable
	Term Loan	Long-term	INR 7.47 Cr	ACUITE BBB+ Stable
	Proposed Term Loan	Long-term	INR 8.47 Cr	ACUITE BBB+ Stable
	Working Capital Term Loan	Long-term	INR 4.47 Cr	ACUITE BBB+ Stable
	Working Capital Term Loan	Long-term	INR 4.71 Cr	ACUITE BBB+ Stable
30th Nov 23	JAI HANUMAN UDYOG LIMITED			Instrument & Lender Details JAI HANUMAN UDYOG 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 + 7 = I am not a robot
	Cash Credit	Long-term	INR 36 Cr	ACUITE BB+ Stable
	Working Capital Term Loan	Long-term	INR 2.75 Cr	ACUITE BB+ Stable
	Proposed Long Term Bank Facility	Long-term	INR 3.25 Cr	ACUITE BB+ Stable
30th Nov 23	SECUR CREDENTIALS LIMITED (ERSTWHILE SECUR CREDENTIALS PRIVATE LIMITED)			Instrument & Lender Details SECUR CREDENTIALS LIMITED (ERSTWHILE SECUR CREDENTIALS 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 4 Cr	ACUITE BB-
	Term Loan	Long-term	INR 1 Cr	ACUITE BB-
30th Nov 23	AKASH FISHMEAL AND FISHOIL PRIVATE LIMITED			Instrument & Lender Details AKASH FISHMEAL AND FISHOIL 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
	Cash Credit	Long-term	INR 20 Cr	ACUITE BB- Stable
	Proposed Long Term Bank Facility	Long-term	INR 9.5 Cr	ACUITE BB- Stable
30th Nov 23	BHAWANI INDUSTRIES PRIVATE LIMITED			Instrument & Lender Details BHAWANI 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 7 + 3 = I am not a robot
	Cash Credit	Long-term	INR 40 Cr	ACUITE BBB- Stable
	Cash Credit	Long-term	INR 30 Cr	ACUITE BBB- Stable
	Term Loan	Long-term	INR 5 Cr	ACUITE BBB- Stable
	Cash Credit	Long-term	INR 30 Cr	ACUITE BBB- Stable
30th Nov 23	HI-TECH POWER AND STEEL LIMITED			Instrument & Lender Details HI-TECH POWER AND STEEL 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
	Bank Guarantee/Letter of Guarantee	Short-term	INR 5 Cr	ACUITE A2+
	Bank Guarantee/Letter of Guarantee	Short-term	INR 5 Cr	ACUITE A2+
	Letter of Credit	Short-term	INR 35 Cr	ACUITE A2+
	Letter of Credit	Short-term	INR 13 Cr	ACUITE A2+
	Cash Credit	Long-term	INR 30 Cr	ACUITE A- Stable
	Cash Credit	Long-term	INR 60 Cr	ACUITE A- Stable
	Proposed Long Term Loan	Long-term	INR 6.06 Cr	ACUITE A- Stable
	Covid Emergency Line.	Long-term	INR 14.72 Cr	ACUITE A- Stable
	Covid Emergency Line.	Long-term	INR 2.84 Cr	ACUITE A- Stable
	Term Loan	Long-term	INR 22.61 Cr	ACUITE A- Stable
	Term Loan	Long-term	INR 75 Cr	ACUITE A- Stable
	Term Loan	Long-term	INR 128.77 Cr	ACUITE A- Stable
30th Nov 23	M O INFRA			Instrument & Lender Details M O INFRA 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 5 Cr	ACUITE BBB- Stable
30th Nov 23	NANDAN STEELS AND POWER LIMITED			Instrument & Lender Details NANDAN STEELS AND POWER 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 20 Cr	ACUITE A2+
	Bank Guarantee (BLR)	Short-term	INR 20 Cr	ACUITE A2+
	Letter of Credit	Short-term	INR 20 Cr	ACUITE A2+
	Cash Credit	Long-term	INR 25 Cr	ACUITE A- Stable
	Cash Credit	Long-term	INR 91 Cr	ACUITE A- Stable
	Covid Emergency Line.	Long-term	INR 25.11 Cr	ACUITE A- Stable
	Covid Emergency Line.	Long-term	INR 14.99 Cr	ACUITE A- Stable
	Cash Credit	Long-term	INR 49 Cr	ACUITE A- Stable
	Term Loan	Long-term	INR 7.14 Cr	ACUITE A- Stable
	Term Loan	Long-term	INR 19.46 Cr	ACUITE A- Stable
	Term Loan	Long-term	INR 5.96 Cr	ACUITE A- Stable
	Term Loan	Long-term	INR 21 Cr	ACUITE A- Stable
	Term Loan	Long-term	INR 41 Cr	ACUITE A- Stable
	Proposed Cash Credit	Long-term	INR 0.34 Cr	ACUITE A- Stable
	Cash Credit	Long-term	INR 2 Cr	ACUITE A- Stable
	Cash Credit	Long-term	INR 38 Cr	ACUITE A- Stable
30th Nov 23	SAIYYED AKHTAR ALI			Instrument & Lender Details SAIYYED AKHTAR ALI To: CC: Note: By clicking on send button you shall be sharing a copy of rating release on the mentioned Email IDs. Captcha 5 + 3 = I am not a robot
	Cash Credit	Long-term	INR 25.22 Cr	ACUITE BBB- Stable
30th Nov 23	SMO FERRO ALLOYS PRIVATE LIMITED			Instrument & Lender Details SMO FERRO 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 4 + 8 = I am not a robot
	Cash Credit	Long-term	INR 13.5 Cr	ACUITE BBB- Stable
30th Nov 23	LSN MINERALS PRIVATE LIMITED			Instrument & Lender Details LSN 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 2 + 3 = I am not a robot
	Bank Guarantee (BLR)	Short-term	INR 3.02 Cr	ACUITE A4+
	Term Loan	Long-term	INR 40 Cr	ACUITE BB Stable
	Cash Credit	Long-term	INR 5.8 Cr	ACUITE BB Stable
	Proposed Long Term Bank Facility	Long-term	INR 56.18 Cr	ACUITE BB Stable
30th Nov 23	SAFEFLEX INTERNATIONAL LIMITED			Instrument & Lender Details SAFEFLEX INTERNATIONAL 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 2.5 Cr	ACUITE A2+
	Proposed Short Term Bank Facility	Short-term	INR 1.75 Cr	ACUITE A2+
	Cash Credit	Long-term	INR 29 Cr	ACUITE BBB+ Stable
	PC/PCFC	Long-term	INR 13 Cr	ACUITE BBB+ Stable
	PC/PCFC	Long-term	INR 23.75 Cr	ACUITE BBB+ Stable
30th Nov 23	DEWAS MUNICIPAL CORPORATION			Instrument & Lender Details DEWAS MUNICIPAL CORPORATION To: CC: Note: By clicking on send button you shall be sharing a copy of rating release on the mentioned Email IDs. Captcha 8 + 7 = I am not a robot
	Term Loan	Long-term	INR 14.62 Cr	ACUITE A- Stable
	Proposed Long Term Bank Facility	Long-term	INR 12.38 Cr	ACUITE A- Stable
	Term Loan	Long-term	INR 30 Cr	ACUITE A Stable
30th Nov 23	RAICHUR POWER CORPORATION LIMITED			Instrument & Lender Details RAICHUR POWER CORPORATION 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 + 8 = I am not a robot
	Cash Credit	Long-term	INR 10 Cr	ACUITE B Stable
	Proposed Cash Credit	Long-term	INR 1702 Cr	ACUITE B Stable
30th Nov 23	GODAVARI GAS PRIVATE LIMITED			Instrument & Lender Details GODAVARI GAS 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 + 2 = I am not a robot
	Bank Guarantee/Letter of Guarantee	Short-term	INR 28 Cr	ACUITE D
	Bank Guarantee/Letter of Guarantee	Short-term	INR 22 Cr	ACUITE D
	Bank Guarantee/Letter of Guarantee	Short-term	INR 4 Cr	ACUITE A4
	Working Capital Demand Loan (WCDL)	Long-term	INR 1 Cr	ACUITE C
	Term Loan	Long-term	INR 175 Cr	ACUITE D
	Term Loan	Long-term	INR 160 Cr	ACUITE D
30th Nov 23	SAKTHI INFRA TEX PRIVATE LIMITED			Instrument & Lender Details SAKTHI INFRA TEX 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
	Packing Credit	Short-term	INR 85 Cr	ACUITE A3
	Letter of Credit	Short-term	INR 7 Cr	ACUITE A3
	Bills Discounting	Short-term	INR 57 Cr	ACUITE A3
	Cash Credit	Long-term	INR 1 Cr	ACUITE BBB- Stable
30th Nov 23	ANDHRA PRADESH CAPITAL REGION DEVELOPMENT AUTHORITY (APCRDA)			Instrument & Lender Details ANDHRA PRADESH CAPITAL REGION DEVELOPMENT AUTHORITY (APCRDA) 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
	Non-Covertible Debentures (NCD)	Long-term	INR 400 Cr	ACUITE C
	Non-Covertible Debentures (NCD)	Long-term	INR 400 Cr	ACUITE C
	Non-Covertible Debentures (NCD)	Long-term	INR 400 Cr	ACUITE C
	Non-Covertible Debentures (NCD)	Long-term	INR 400 Cr	ACUITE C
	Non-Covertible Debentures (NCD)	Long-term	INR 400 Cr	ACUITE C
30th Nov 23	HINDUJA REALTY VENTURES LIMITED			Instrument & Lender Details HINDUJA REALTY VENTURES 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
	Secured Overdraft	Long-term	INR 50 Cr	ACUITE A Stable