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Date	Entity Name			Rating Action
21st Feb 25	API ISPAT AND POWERTECH PRIVATE LIMITED			Instrument & Lender Details API ISPAT AND POWERTECH 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 30 Cr	ACUITE A1+
	Cash Credit	Long-term	INR 20 Cr	ACUITE AA Stable
	Cash Credit	Long-term	INR 25 Cr	ACUITE AA Stable
	Cash Credit	Long-term	INR 10.5 Cr	ACUITE AA Stable
21st Feb 25	REAL ISPAT AND POWER LIMITED			Instrument & Lender Details REAL ISPAT 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 5 + 6 = I am not a robot
	Letter of Credit	Short-term	INR 30 Cr	ACUITE A1+
	Cash Credit	Long-term	INR 20 Cr	ACUITE AA Stable
	Cash Credit	Long-term	INR 10 Cr	ACUITE AA Stable
	Proposed Long Term Bank Facility	Long-term	INR 1 Cr	ACUITE AA Stable
21st Feb 25	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 5 + 6 = I am not a robot
	Bills Discounting	Short-term	INR 20 Cr	ACUITE A3+
	Bank Guarantee (BLR)	Short-term	INR 3 Cr	ACUITE A3+
	Cash Credit	Long-term	INR 17 Cr	ACUITE BBB Stable
	Cash Credit	Long-term	INR 5 Cr	ACUITE BBB Stable
	Proposed Long Term Bank Facility	Long-term	INR 3 Cr	ACUITE BBB Stable
21st Feb 25	TELANGANA STATE WATER RESOURCES INFRASTRUCTURE DEVELOPMENT CORPORATION LIMITED			Instrument & Lender Details TELANGANA STATE WATER RESOURCES INFRASTRUCTURE DEVELOPMENT 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 + 4 = I am not a robot
	Term Loan	Long-term	INR 13516.3 Cr	ACUITE A+ Stable
	Term Loan	Long-term	INR 450 Cr	ACUITE A+ Stable
	Proposed Long Term Loan	Long-term	INR 783.72 Cr	ACUITE A+ Stable
	Term Loan	Long-term	INR 1000 Cr	ACUITE A+ Stable
	Term Loan	Long-term	INR 800 Cr	ACUITE A+ Stable
	Term Loan	Long-term	INR 450 Cr	ACUITE A+ Stable
21st Feb 25	ASIANET NEWS NETWORK PRIVATE LIMITED			Instrument & Lender Details ASIANET NEWS NETWORK 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 + 1 = I am not a robot
	Cash Credit	Long-term	INR 25 Cr	ACUITE BBB- Stable
	Term Loan	Long-term	INR 19.26 Cr	ACUITE BBB- Stable
	Proposed Long Term Bank Facility	Long-term	INR 10.74 Cr	ACUITE BBB- Stable
21st Feb 25	JMC CONSTRUCTIONS PRIVATE LIMITED			Instrument & Lender Details JMC 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 9 + 2 = I am not a robot
	Bank Guarantee (BLR)	Short-term	INR 90 Cr	ACUITE A3
	Proposed Bank Guarantee	Short-term	INR 43.75 Cr	ACUITE A3
	Bank Guarantee (BLR)	Short-term	INR 1.09 Cr	ACUITE A3
	Secured Overdraft	Long-term	INR 15 Cr	ACUITE BBB- Negative
	Proposed Secured Overdraft	Long-term	INR 1.16 Cr	ACUITE BBB- Negative
	Secured Overdraft	Long-term	INR 6 Cr	ACUITE BBB- Negative
	Cash Credit	Long-term	INR 15 Cr	ACUITE BBB- Negative
21st Feb 25	JAGRATI TRADE SERVICES PRIVATE LIMITED			Instrument & Lender Details JAGRATI TRADE 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 1 + 4 = I am not a robot
	Letter of Credit	Short-term	INR 9 Cr	ACUITE D
	FBN/FBP/FBD/PSFC/FBE	Short-term	INR 2 Cr	ACUITE D
21st Feb 25	SINGLA MOTORS PRIVATE LIMITED			Instrument & Lender Details SINGLA 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 1 + 3 = I am not a robot
	Cash Credit	Long-term	INR 15 Cr	ACUITE C
21st Feb 25	STAR PAPER MILLS LIMITED			Instrument & Lender Details STAR PAPER MILLS 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
	Proposed Long Term Bank Facility	Long-term	INR 100 Cr	ACUITE A+ Stable
21st Feb 25	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 9 + 7 = I am not a robot
	Term Loan	Long-term	INR 9.57 Cr	ACUITE D
	Proposed Long Term Bank Facility	Long-term	INR 26.1 Cr	ACUITE C
	Term Loan	Long-term	INR 21.33 Cr	ACUITE C
20th Feb 25	BLUE PHOSPHATE LIMITED			Instrument & Lender Details BLUE PHOSPHATE 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 + 9 = I am not a robot
	Letter of Credit	Short-term	INR 20 Cr	ACUITE A2+
	Letter of Credit	Short-term	INR 15 Cr	ACUITE A2+
	Forward Contracts	Short-term	INR 0.64 Cr	ACUITE A2+
	Cash Credit	Long-term	INR 15 Cr	ACUITE A- Stable
	Proposed Long Term Bank Facility	Long-term	INR 29.36 Cr	ACUITE A- Stable
	Cash Credit	Long-term	INR 10 Cr	ACUITE A- Stable
	Cash Credit	Long-term	INR 10 Cr	ACUITE A- Stable
20th Feb 25	TRANSWORLD FURTICHEM LIMITED (ERSTWHILE TRANSWORLD FURTICHEM PRIVATE LIMITED)			Instrument & Lender Details TRANSWORLD FURTICHEM LIMITED (ERSTWHILE TRANSWORLD FURTICHEM 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
	Letter of Credit	Short-term	INR 16 Cr	ACUITE A2+
	Letter of Credit	Short-term	INR 10 Cr	ACUITE A2+
	Letter of Credit	Short-term	INR 22 Cr	ACUITE A2+
	Letter of Credit	Short-term	INR 2 Cr	ACUITE A2+
	Proposed Short Term Bank Facility	Short-term	INR 20 Cr	ACUITE A2+
	Cash Credit	Long-term	INR 45 Cr	ACUITE A- Stable
	Cash Credit	Long-term	INR 24.96 Cr	ACUITE A- Stable
	Proposed Long Term Bank Facility	Long-term	INR 12.49 Cr	ACUITE A- Stable
	Cash Credit	Long-term	INR 15 Cr	ACUITE A- Stable
	Covid Emergency Line.	Long-term	INR 4.05 Cr	ACUITE A- Stable
	Cash Credit	Long-term	INR 13 Cr	ACUITE A- Stable
	Cash Credit	Long-term	INR 25 Cr	ACUITE A- Stable
	Cash Credit	Long-term	INR 30 Cr	ACUITE A- Stable
	Term Loan	Long-term	INR 50 Cr	ACUITE A- Stable
	Term Loan	Long-term	INR 10.5 Cr	ACUITE A- Stable
	Term Loan	Long-term	INR 52 Cr	ACUITE A- Stable
20th Feb 25	B. Nanji A			Instrument & Lender Details B. Nanji A 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
	Term Loan	Long-term	INR 10 Cr	ACUITE B-
20th Feb 25	BAGLA POLIFILMS LIMITED			Instrument & Lender Details BAGLA POLIFILMS 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
	Letter of Credit	Short-term	INR 5 Cr	ACUITE A4
	Bank Guarantee/Letter of Guarantee	Short-term	INR 1 Cr	ACUITE A4
	Term Loan	Long-term	INR 0.63 Cr	ACUITE B+
	Term Loan	Long-term	INR 8.37 Cr	ACUITE B+
	Cash Credit	Long-term	INR 9 Cr	ACUITE B+
20th Feb 25	BLB STONES PRIVATE LIMITED (ERSTWHILE NICE SANJAY ROCKS INDIA PRIVATE LIMITED)			Instrument & Lender Details BLB STONES PRIVATE LIMITED (ERSTWHILE NICE SANJAY ROCKS 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 9 + 9 = I am not a robot
	Cash Credit	Long-term	INR 1 Cr	ACUITE B-
	Term Loan	Long-term	INR 7.38 Cr	ACUITE B-
	Term Loan	Long-term	INR 0.6 Cr	ACUITE B-
	Proposed Long Term Bank Facility	Long-term	INR 3.02 Cr	ACUITE B-
20th Feb 25	DHAIRYA CONSTRUCTION			Instrument & Lender Details DHAIRYA CONSTRUCTION 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
	Secured Overdraft	Long-term	INR 10 Cr	ACUITE B
	Secured Overdraft	Long-term	INR 1.3 Cr	ACUITE B
	Term Loan	Long-term	INR 1.75 Cr	ACUITE B
	Secured Overdraft	Long-term	INR 0.6 Cr	ACUITE B
	Term Loan	Long-term	INR 0.32 Cr	ACUITE B
	Cash Credit	Long-term	INR 1 Cr	ACUITE B
	Proposed Cash Credit	Long-term	INR 10 Cr	ACUITE B
	Proposed Long Term Bank Facility	Long-term	INR 5.03 Cr	ACUITE B
20th Feb 25	EMERALD HOME DEVELOPERS PRIVATE LIMITED			Instrument & Lender Details EMERALD HOME DEVELOPERS 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 + 7 = I am not a robot
	Term Loan	Long-term	INR 36.1 Cr	ACUITE B-
20th Feb 25	HANDLOOM COTTAGE PRIVATE LIMITED			Instrument & Lender Details HANDLOOM COTTAGE 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
	Cash Credit	Long-term	INR 9 Cr	ACUITE B
20th Feb 25	INTEGRITY MINING CORPORATION PRIVATE LIMITED			Instrument & Lender Details INTEGRITY MINING CORPORATION 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 + 4 = I am not a robot
	Secured Overdraft	Long-term	INR 9 Cr	ACUITE B
20th Feb 25	JB PLASTOCHEM PRIVATE LIMITED			Instrument & Lender Details JB PLASTOCHEM 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 + 4 = I am not a robot
	Letter of Credit	Short-term	INR 1 Cr	ACUITE A4
	Bills Discounting	Short-term	INR 1 Cr	ACUITE A4
	Cash Credit	Long-term	INR 6 Cr	ACUITE B