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Date	Entity Name			Rating Action
7th Mar 24	KCP INFRA LIMITED (ERSTWHILE KCP ENGINEERS LIMITED)			Instrument & Lender Details KCP INFRA LIMITED (ERSTWHILE KCP ENGINEERS 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
	Bank Guarantee (BLR)	Short-term	INR 70 Cr	ACUITE A4+
	Proposed Bank Guarantee	Short-term	INR 100 Cr	ACUITE Not Applicable
	Secured Overdraft	Long-term	INR 20 Cr	ACUITE BB+
	Proposed Fixed Deposit Program	Long-term	INR 50 Cr	ACUITE Not Applicable
7th Mar 24	AJAY BUILDERS ENGINEERS AND CONSTRUCTION (OPC) PRIVATE LIMITED			Instrument & Lender Details AJAY BUILDERS ENGINEERS AND CONSTRUCTION (OPC) 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 26 Cr	ACUITE A4+
	Bank Guarantee (BLR)	Short-term	INR 22.75 Cr	ACUITE A4+
	Bank Guarantee (BLR)	Short-term	INR 7.25 Cr	ACUITE A4+
	Cash Credit	Long-term	INR 5 Cr	ACUITE BB Stable
	Cash Credit	Long-term	INR 2.25 Cr	ACUITE BB Stable
	Cash Credit	Long-term	INR 2.75 Cr	ACUITE BB Stable
	Dropline Overdraft	Long-term	INR 1 Cr	ACUITE BB Stable
7th Mar 24	RPL PROJECTS LIMITED			Instrument & Lender Details RPL PROJECTS 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
	Bank Guarantee (BLR)	Short-term	INR 25 Cr	ACUITE Not Applicable
	Cash Credit	Long-term	INR 10 Cr	ACUITE Not Applicable
7th Mar 24	CALYX CHEMICALS AND PHARMACEUTICALS LIMITED			Instrument & Lender Details CALYX CHEMICALS AND 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 3 + 8 = I am not a robot
	Letter of Credit	Short-term	INR 25 Cr	ACUITE A3+
	Term Loan	Long-term	INR 28.58 Cr	ACUITE BBB- Stable
	Cash Credit	Long-term	INR 45 Cr	ACUITE BBB- Stable
	Proposed Cash Credit	Long-term	INR 6.42 Cr	ACUITE BBB- Stable
7th Mar 24	UP MONEY LIMITED - VEGA 02 2024			Instrument & Lender Details UP MONEY LIMITED - VEGA 02 2024 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
	Pass Through Certificate	Long-term	INR 9.47 Cr	ACUITE Provisional A- (SO )
	Pass Through Certificate	Long-term	INR 1.58 Cr	ACUITE Provisional BBB+ (SO )
7th Mar 24	SATYAM PHARMA CHEM PRIVATE LIMITED			Instrument & Lender Details SATYAM PHARMA CHEM 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 + 6 = I am not a robot
	Letter of Credit	Short-term	INR 19.5 Cr	ACUITE A4+
	Letter of Credit	Short-term	INR 3 Cr	ACUITE A4+
	Bank Guarantee/Letter of Guarantee	Short-term	INR 1.84 Cr	ACUITE A4+
	Proposed Short Term Bank Facility	Short-term	INR 0.46 Cr	ACUITE A4+
	Packing Credit	Short-term	INR 6.7 Cr	ACUITE A4+
	Cash Credit	Long-term	INR 3.5 Cr	ACUITE BB+ Stable
	Working Capital Term Loan	Long-term	INR 0.39 Cr	ACUITE BB+ Stable
	Term Loan	Long-term	INR 1.64 Cr	ACUITE BB+ Stable
	Working Capital Term Loan	Long-term	INR 0.68 Cr	ACUITE BB+ Stable
7th Mar 24	CONNECT RESIDUARY PRIVATE LIMITED - PROSPERITY ASSET 5			Instrument & Lender Details CONNECT RESIDUARY PRIVATE LIMITED - PROSPERITY ASSET 5 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
	Pass Through Certificate	Long-term	INR 5.79 Cr	ACUITE BBB- (SO )
7th Mar 24	LAXMI ENTERPRISES			Instrument & Lender Details LAXMI ENTERPRISES To: CC: Note: By clicking on send button you shall be sharing a copy of rating release on the mentioned Email IDs. Captcha 9 + 5 = I am not a robot
	Bank Guarantee (BLR)	Short-term	INR 19.07 Cr	ACUITE A4+
	Bank Guarantee (BLR)	Short-term	INR 12 Cr	ACUITE A4+
	Bank Guarantee (BLR)	Short-term	INR 8.67 Cr	ACUITE A4+
	Working Capital Demand Loan (WCDL)	Long-term	INR 0.73 Cr	ACUITE BB+
	Term Loan	Long-term	INR 0.53 Cr	ACUITE BB+
	Cash Credit	Long-term	INR 6 Cr	ACUITE BB+
	Cash Credit	Long-term	INR 3 Cr	ACUITE BB+
7th Mar 24	NAMO ALLOYS PRIVATE LIMITED			Instrument & Lender Details NAMO 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 + 2 = I am not a robot
	Cash Credit	Long-term	INR 50 Cr	ACUITE BB-
7th Mar 24	VEREMAX TECHNOLOGIE SERVICES LIMITED			Instrument & Lender Details VEREMAX TECHNOLOGIE 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 5 + 9 = I am not a robot
	Bills Discounting	Short-term	INR 15 Cr	ACUITE A4+
	Cash Credit	Long-term	INR 40 Cr	ACUITE BB+
	Cash Credit	Long-term	INR 45 Cr	ACUITE BB+
7th Mar 24	CHAMPION ROLLING MILL PRIVATE LIMITED			Instrument & Lender Details CHAMPION ROLLING MILL 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
	Letter of Credit	Short-term	INR 15 Cr	ACUITE A4+
	Cash Credit	Long-term	INR 29 Cr	ACUITE BB+
7th Mar 24	NAVACHETANA MICROFIN SERVICES PRIVATE LIMITED			Instrument & Lender Details NAVACHETANA MICROFIN 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 + 2 = I am not a robot
	Term Loan	Long-term	INR 20.88 Cr	ACUITE BBB Stable
	Term Loan	Long-term	INR 4.85 Cr	ACUITE BBB Stable
	Term Loan	Long-term	INR 13 Cr	ACUITE BBB Stable
	Term Loan	Long-term	INR 10 Cr	ACUITE BBB Stable
	Term Loan	Long-term	INR 5.57 Cr	ACUITE BBB Stable
	Term Loan	Long-term	INR 12.37 Cr	ACUITE BBB Stable
	Term Loan	Long-term	INR 0.84 Cr	ACUITE BBB Stable
	Term Loan	Long-term	INR 3.88 Cr	ACUITE BBB Stable
	Term Loan	Long-term	INR 11.47 Cr	ACUITE BBB Stable
	Term Loan	Long-term	INR 5.68 Cr	ACUITE BBB Stable
	Term Loan	Long-term	INR 7.47 Cr	ACUITE BBB Stable
	Term Loan	Long-term	INR 0.47 Cr	ACUITE BBB Stable
	Term Loan	Long-term	INR 2.61 Cr	ACUITE BBB Stable
	Term Loan	Long-term	INR 0.7 Cr	ACUITE BBB Stable
	Term Loan	Long-term	INR 1.2 Cr	ACUITE BBB Stable
	Term Loan	Long-term	INR 7.02 Cr	ACUITE BBB Stable
	Term Loan	Long-term	INR 0.46 Cr	ACUITE BBB Stable
	Term Loan	Long-term	INR 0.92 Cr	ACUITE BBB Stable
	Term Loan	Long-term	INR 2.92 Cr	ACUITE BBB Stable
	Term Loan	Long-term	INR 8.18 Cr	ACUITE BBB Stable
	Term Loan	Long-term	INR 2.34 Cr	ACUITE BBB Stable
	Term Loan	Long-term	INR 6.5 Cr	ACUITE BBB Stable
	Term Loan	Long-term	INR 4.91 Cr	ACUITE BBB Stable
	Term Loan	Long-term	INR 13.33 Cr	ACUITE BBB Stable
	Term Loan	Long-term	INR 2.55 Cr	ACUITE BBB Stable
	Term Loan	Long-term	INR 1.65 Cr	ACUITE BBB Stable
	Proposed Long Term Loan	Long-term	INR 67.65 Cr	ACUITE BBB Stable
	Term Loan	Long-term	INR 48.98 Cr	ACUITE BBB Stable
	Proposed Long Term Loan	Long-term	INR 2.75 Cr	ACUITE BBB Stable
	Term Loan	Long-term	INR 0.18 Cr	ACUITE BBB Stable
	Term Loan	Long-term	INR 0.42 Cr	ACUITE BBB Stable
	Term Loan	Long-term	INR 0.83 Cr	ACUITE BBB Stable
	Term Loan	Long-term	INR 0.96 Cr	ACUITE BBB Stable
	Term Loan	Long-term	INR 1.04 Cr	ACUITE BBB Stable
	Term Loan	Long-term	INR 1.23 Cr	ACUITE BBB Stable
	Term Loan	Long-term	INR 1.26 Cr	ACUITE BBB Stable
	Term Loan	Long-term	INR 1.61 Cr	ACUITE BBB Stable
	Term Loan	Long-term	INR 1.63 Cr	ACUITE BBB Stable
	Term Loan	Long-term	INR 1.66 Cr	ACUITE BBB Stable
	Term Loan	Long-term	INR 2 Cr	ACUITE BBB Stable
	Term Loan	Long-term	INR 2.48 Cr	ACUITE BBB Stable
	Term Loan	Long-term	INR 2.58 Cr	ACUITE BBB Stable
	Term Loan	Long-term	INR 3.08 Cr	ACUITE BBB Stable
	Term Loan	Long-term	INR 3.43 Cr	ACUITE BBB Stable
	Term Loan	Long-term	INR 4.84 Cr	ACUITE BBB Stable
	Term Loan	Long-term	INR 7.58 Cr	ACUITE BBB Stable
	Term Loan	Long-term	INR 8.91 Cr	ACUITE BBB Stable
	Term Loan	Long-term	INR 11.25 Cr	ACUITE BBB Stable
	Term Loan	Long-term	INR 13.38 Cr	ACUITE BBB Stable
	Term Loan	Long-term	INR 35 Cr	ACUITE BBB Stable
	Term Loan	Long-term	INR 7.46 Cr	ACUITE BBB Stable
	Secured Overdraft	Long-term	INR 2.98 Cr	ACUITE BBB Stable
	Term Loan	Long-term	INR 1.94 Cr	ACUITE BBB Stable
	Term Loan	Long-term	INR 2.27 Cr	ACUITE BBB Stable
	Term Loan	Long-term	INR 8.85 Cr	ACUITE BBB Stable
6th Mar 24	RELIABLE CLOTHING PRIVATE LIMITED			Instrument & Lender Details RELIABLE CLOTHING 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 + 2 = I am not a robot
	PC/PCFC	Short-term	INR 5 Cr	ACUITE A4
	Bills Discounting	Short-term	INR 3 Cr	ACUITE A4
	Bills Discounting	Short-term	INR 4 Cr	ACUITE A4
6th Mar 24	VNR EXPORTS			Instrument & Lender Details VNR EXPORTS 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
	PC/PCFC	Short-term	INR 5 Cr	ACUITE D
	Post Shipment Credit	Short-term	INR 5 Cr	ACUITE D
	Post Shipment Credit	Short-term	INR 11 Cr	ACUITE D
	Cash Credit	Long-term	INR 3 Cr	ACUITE D
6th Mar 24	NEELKANTH POULTRY FARMS PRIVATE LIMITED (ERSTWHILE NEELKANTH APPLIANCES PRIVATE LIMITED)			Instrument & Lender Details NEELKANTH POULTRY FARMS PRIVATE LIMITED (ERSTWHILE NEELKANTH APPLIANCES 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
	Cash Credit	Long-term	INR 4.95 Cr	ACUITE B Stable
	Term Loan	Long-term	INR 10 Cr	ACUITE B Stable
	Proposed Long Term Bank Facility	Long-term	INR 0.23 Cr	ACUITE B Stable
	Working Capital Term Loan	Long-term	INR 4.32 Cr	ACUITE B Stable
6th Mar 24	AVANTEL LIMITED			Instrument & Lender Details AVANTEL 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
	Bank Guarantee (BLR)	Short-term	INR 27.9 Cr	ACUITE A2+
	Letter of Credit	Short-term	INR 2 Cr	ACUITE A2+
	Cash Credit	Long-term	INR 27.5 Cr	ACUITE A- Stable
6th Mar 24	BHASKAR STEEL AND FERRO ALLOY PRIVATE LIMITED			Instrument & Lender Details BHASKAR STEEL AND FERRO ALLOY 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
	Cash Credit	Long-term	INR 30 Cr	ACUITE BBB Stable
	Cash Credit	Long-term	INR 15 Cr	ACUITE BBB Stable
	Cash Credit	Long-term	INR 4 Cr	ACUITE BBB Stable
	Covid Emergency Line.	Long-term	INR 1.6 Cr	ACUITE BBB Stable
	Covid Emergency Line.	Long-term	INR 2.2 Cr	ACUITE BBB Stable
	Term Loan	Long-term	INR 90 Cr	ACUITE BBB Stable
	Proposed Long Term Bank Facility	Long-term	INR 32.2 Cr	ACUITE BBB Stable
6th Mar 24	K A I INTERNATIONAL PRIVATE LIMITED			Instrument & Lender Details K A I INTERNATIONAL 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
	Cash Credit	Long-term	INR 25 Cr	ACUITE BBB Stable
	Covid Emergency Line.	Long-term	INR 1.26 Cr	ACUITE BBB Stable
	Cash Credit	Long-term	INR 26 Cr	ACUITE BBB Stable
	Cash Credit	Long-term	INR 15 Cr	ACUITE BBB Stable
	Proposed Long Term Loan	Long-term	INR 2.74 Cr	ACUITE BBB Stable
6th Mar 24	TOPNOTCH CHEMICALS PRIVATE LIMITED			Instrument & Lender Details TOPNOTCH CHEMICALS 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 + 3 = I am not a robot
	Letter of Credit	Short-term	INR 5 Cr	ACUITE A3+
	Cash Credit	Long-term	INR 25 Cr	ACUITE BBB- Stable
6th Mar 24	G M SUGAR AND ENERGY LIMITED			Instrument & Lender Details G M SUGAR AND ENERGY 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
	Cash Credit	Long-term	INR 10 Cr	ACUITE BB+