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Date	Entity Name			Rating Action
5th Aug 25	SINGE SOLAR ENERGY PRIVATE LIMITED			Instrument & Lender Details SINGE SOLAR ENERGY 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 + 6 = I am not a robot
	Term Loan	Long-term	INR 1.71 Cr	ACUITE BBB- Stable
5th Aug 25	SWELTER ENERGY PRIVATE LIMITED			Instrument & Lender Details SWELTER ENERGY 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 3.75 Cr	ACUITE BBB- Stable
5th Aug 25	TORRID SOLAR POWER PRIVATE LIMITED			Instrument & Lender Details TORRID SOLAR POWER 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
	Term Loan	Long-term	INR 6.14 Cr	ACUITE BBB- Stable
5th Aug 25	INDIAN CANE POWER LIMITED			Instrument & Lender Details INDIAN CANE 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 2 + 7 = I am not a robot
	Cash Credit	Long-term	INR 20 Cr	ACUITE BBB- Stable
	Term Loan	Long-term	INR 28.6 Cr	ACUITE BBB- Stable
	Term Loan	Long-term	INR 224.9 Cr	ACUITE BBB- Stable
	Pledge Loan	Long-term	INR 125 Cr	ACUITE BBB- Stable
	Cash Credit	Long-term	INR 15 Cr	ACUITE BBB- Stable
	Cash Credit	Long-term	INR 50 Cr	ACUITE BBB- Stable
	Pledge Loan	Long-term	INR 250 Cr	ACUITE BBB- Stable
	Term Loan	Long-term	INR 119 Cr	ACUITE BBB- Stable
	Letter of Credit	Short-term	INR 10 Cr	ACUITE A3
	Bank Guarantee (BLR)	Short-term	INR 2.5 Cr	ACUITE A3
5th Aug 25	HINDON MERCANTILE LIMITED			Instrument & Lender Details HINDON MERCANTILE 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
	Proposed Long Term Bank Facility	Long-term	INR 30 Cr	ACUITE A- Stable
	Proposed Non Convertible Debentures	Long-term	INR 70 Cr	ACUITE A- Stable
	Proposed Non Convertible Debentures	Long-term	INR 100 Cr	ACUITE A- Stable
5th Aug 25	BWDA FINANCE LIMITED			Instrument & Lender Details BWDA FINANCE 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
	Term Loan	Long-term	INR 3.75 Cr	ACUITE BB
	Term Loan	Long-term	INR 6.55 Cr	ACUITE BB
	Term Loan	Long-term	INR 1.65 Cr	ACUITE BB
	Term Loan	Long-term	INR 4.17 Cr	ACUITE BB
	Term Loan	Long-term	INR 7.73 Cr	ACUITE BB
	Term Loan	Long-term	INR 2.92 Cr	ACUITE BB
	Term Loan	Long-term	INR 14.52 Cr	ACUITE BB
	Term Loan	Long-term	INR 30 Cr	ACUITE BB
	Term Loan	Long-term	INR 2.04 Cr	ACUITE BB
	Term Loan	Long-term	INR 15.12 Cr	ACUITE BB
	Term Loan	Long-term	INR 30.43 Cr	ACUITE BB
	Term Loan	Long-term	INR 1.67 Cr	ACUITE BB
	Term Loan	Long-term	INR 3.93 Cr	ACUITE BB
	Term Loan	Long-term	INR 12 Cr	ACUITE BB
	Proposed Long Term Bank Facility	Long-term	INR 54.25 Cr	ACUITE BB
	Proposed Term Loan	Long-term	INR 4.14 Cr	ACUITE BB
	Proposed Term Loan	Long-term	INR 75 Cr	ACUITE BB
	Proposed Term Loan	Long-term	INR 1 Cr	ACUITE BB
	Proposed Term Loan	Long-term	INR 20 Cr	ACUITE BB
	Term Loan	Long-term	INR 5 Cr	ACUITE BB
	Term Loan	Long-term	INR 0.58 Cr	ACUITE BB
	Term Loan	Long-term	INR 0.15 Cr	ACUITE BB
	Term Loan	Long-term	INR 1.4 Cr	ACUITE BB
	Term Loan	Long-term	INR 2 Cr	ACUITE BB
5th Aug 25	A P STEELS AND ALLOYS			Instrument & Lender Details A P STEELS AND ALLOYS 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
	Cash Credit	Long-term	INR 6.4 Cr	ACUITE D
	Term Loan	Long-term	INR 5.9 Cr	ACUITE D
	Letter of Credit	Short-term	INR 5 Cr	ACUITE D
5th Aug 25	ACE NONWOVEN PRIVATE LIMITED			Instrument & Lender Details ACE NONWOVEN 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
	Term Loan	Long-term	INR 8.6 Cr	ACUITE B-
	Term Loan	Long-term	INR 0.75 Cr	ACUITE B-
	Cash Credit	Long-term	INR 3.9 Cr	ACUITE B-
	Proposed Long Term Bank Facility	Long-term	INR 0.8 Cr	ACUITE B-
	Bank Guarantee (BLR)	Short-term	INR 1 Cr	ACUITE A4
	Proposed Short Term Bank Facility	Short-term	INR 1 Cr	ACUITE A4
5th Aug 25	ANAND TRANSFORMERS PRIVATE LIMITED			Instrument & Lender Details ANAND TRANSFORMERS 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 + 3 = I am not a robot
	Cash Credit	Long-term	INR 2 Cr	ACUITE B
	Secured Overdraft	Long-term	INR 9 Cr	ACUITE B
	Bank Guarantee (BLR)	Short-term	INR 6.7 Cr	ACUITE A4
	Letter of Credit	Short-term	INR 4 Cr	ACUITE A4
	Bank Guarantee (BLR)	Short-term	INR 7.3 Cr	ACUITE A4
	Proposed Bank Guarantee	Short-term	INR 0.2 Cr	ACUITE A4
5th Aug 25	KEEN AND CORE DEVELOPERS			Instrument & Lender Details KEEN AND CORE DEVELOPERS 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
	Cash Credit	Long-term	INR 6 Cr	ACUITE B
	Bank Guarantee (BLR)	Short-term	INR 6.5 Cr	ACUITE A4
5th Aug 25	KUKREJA INFRASTRUCTURE PRIVATE LIMITED			Instrument & Lender Details KUKREJA INFRASTRUCTURE 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 + 8 = I am not a robot
	Cash Credit	Long-term	INR 15 Cr	ACUITE B-
	Bank Guarantee/Letter of Guarantee	Short-term	INR 25 Cr	ACUITE A4
5th Aug 25	LAKSHMI GALAXY ENTERPRISES			Instrument & Lender Details LAKSHMI GALAXY ENTERPRISES 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 3.5 Cr	ACUITE B
	Term Loan	Long-term	INR 0.94 Cr	ACUITE B
	Proposed Long Term Bank Facility	Long-term	INR 0.26 Cr	ACUITE B
	Bills Discounting	Short-term	INR 1 Cr	ACUITE A4
	PC/PCFC	Short-term	INR 1.5 Cr	ACUITE A4
	Letter of Credit	Short-term	INR 0.56 Cr	ACUITE A4
	Letter of Credit	Short-term	INR 3.8 Cr	ACUITE A4
5th Aug 25	SAKTHI VINAYAGA SPINNING MILLS PRIVATE LIMITED			Instrument & Lender Details SAKTHI VINAYAGA SPINNING MILLS 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 + 5 = I am not a robot
	Proposed Long Term Bank Facility	Long-term	INR 2.43 Cr	ACUITE B-
	Term Loan	Long-term	INR 0.57 Cr	ACUITE B-
	Cash Credit	Long-term	INR 5 Cr	ACUITE B-
5th Aug 25	TAASHEE LINUX SERVICES PRIVATE LIMITED			Instrument & Lender Details TAASHEE LINUX 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 7 + 4 = I am not a robot
	Cash Credit	Long-term	INR 10 Cr	ACUITE B+
4th Aug 25	SHREEBALAJI BIOSOLUTIONS FUELS LLP			Instrument & Lender Details SHREEBALAJI BIOSOLUTIONS FUELS LLP 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
	Term Loan	Long-term	INR 106.81 Cr	ACUITE BB Stable
	Cash Credit	Long-term	INR 24 Cr	ACUITE BB Stable
	Stand By Line of Credit	Long-term	INR 2 Cr	ACUITE BB Stable
	Proposed Long Term Bank Facility	Long-term	INR 0.1 Cr	ACUITE BB Stable
	Bank Guarantee (BLR)	Short-term	INR 5 Cr	ACUITE A4+
4th Aug 25	SHRI RAM FINANCE CORPORATION PRIVATE LIMITED			Instrument & Lender Details SHRI RAM FINANCE 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 + 6 = I am not a robot
	Cash Credit	Long-term	INR 26.1 Cr	ACUITE A Stable
	Term Loan	Long-term	INR 12.62 Cr	ACUITE A Stable
	Term Loan	Long-term	INR 6.22 Cr	ACUITE A Stable
	Cash Credit	Long-term	INR 2.5 Cr	ACUITE A Stable
	Term Loan	Long-term	INR 12.16 Cr	ACUITE A Stable
	Term Loan	Long-term	INR 18.56 Cr	ACUITE A Stable
	Term Loan	Long-term	INR 15 Cr	ACUITE A Stable
	Term Loan	Long-term	INR 25 Cr	ACUITE A Stable
	Term Loan	Long-term	INR 13.33 Cr	ACUITE A Stable
	Term Loan	Long-term	INR 6.85 Cr	ACUITE A Stable
	Cash Credit	Long-term	INR 4 Cr	ACUITE A Stable
	Term Loan	Long-term	INR 16.67 Cr	ACUITE A Stable
	Term Loan	Long-term	INR 4.42 Cr	ACUITE A Stable
	Term Loan	Long-term	INR 12.06 Cr	ACUITE A Stable
	Term Loan	Long-term	INR 18.37 Cr	ACUITE A Stable
	Term Loan	Long-term	INR 6.72 Cr	ACUITE A Stable
	Secured Overdraft	Long-term	INR 3 Cr	ACUITE A Stable
	Term Loan	Long-term	INR 4.92 Cr	ACUITE A Stable
	Cash Credit	Long-term	INR 16 Cr	ACUITE A Stable
	Term Loan	Long-term	INR 11.89 Cr	ACUITE A Stable
	Term Loan	Long-term	INR 8.81 Cr	ACUITE A Stable
	Cash Credit	Long-term	INR 7 Cr	ACUITE A Stable
	Term Loan	Long-term	INR 12.98 Cr	ACUITE A Stable
	Term Loan	Long-term	INR 19.74 Cr	ACUITE A Stable
	Term Loan	Long-term	INR 2.59 Cr	ACUITE A Stable
	Term Loan	Long-term	INR 5.36 Cr	ACUITE A Stable
	Term Loan	Long-term	INR 8.1 Cr	ACUITE A Stable
	Secured Overdraft	Long-term	INR 1 Cr	ACUITE A Stable
	Term Loan	Long-term	INR 13.31 Cr	ACUITE A Stable
	Secured Overdraft	Long-term	INR 2 Cr	ACUITE A Stable
	Term Loan	Long-term	INR 39.6 Cr	ACUITE A Stable
	Cash Credit	Long-term	INR 6 Cr	ACUITE A Stable
	Term Loan	Long-term	INR 19.79 Cr	ACUITE A Stable
	Term Loan	Long-term	INR 38.12 Cr	ACUITE A Stable
	Term Loan	Long-term	INR 20 Cr	ACUITE A Stable
	Term Loan	Long-term	INR 12.5 Cr	ACUITE A Stable
	Term Loan	Long-term	INR 1.52 Cr	ACUITE A Stable
	Proposed Non Convertible Debentures	Long-term	INR 9.9 Cr	ACUITE A Stable
	Non-Covertible Debentures (NCD)	Long-term	INR 15 Cr	ACUITE A Stable
	Proposed Long Term Bank Facility	Long-term	INR 221.85 Cr	ACUITE A Stable
	Proposed Long Term Bank Facility	Long-term	INR 100 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
	Proposed Non Convertible Debentures	Long-term	INR 18.44 Cr	ACUITE A Stable
	Non-Covertible Debentures (NCD)	Long-term	INR 20.1 Cr	ACUITE A Stable
	Non-Covertible Debentures (NCD)	Long-term	INR 21.56 Cr	ACUITE A Stable
	Proposed Non Convertible Debentures	Long-term	INR 100 Cr	ACUITE A Stable
	Non-Covertible Debentures (NCD)	Long-term	INR 20 Cr	ACUITE A Stable
	Proposed Non Convertible Debentures	Long-term	INR 80 Cr	ACUITE A Stable
	Term Loan	Long-term	INR 0.67 Cr	ACUITE A Stable
	Term Loan	Long-term	INR 30 Cr	ACUITE A Stable
	Term Loan	Long-term	INR 13.49 Cr	ACUITE A Stable
	Term Loan	Long-term	INR 6.91 Cr	ACUITE A Stable
	Term Loan	Long-term	INR 6.33 Cr	ACUITE A Stable
	Term Loan	Long-term	INR 5.51 Cr	ACUITE A Stable
	Term Loan	Long-term	INR 17.84 Cr	ACUITE A Stable
	Term Loan	Long-term	INR 10.42 Cr	ACUITE A Stable
	Term Loan	Long-term	INR 7.17 Cr	ACUITE A Stable
	Term Loan	Long-term	INR 25 Cr	ACUITE A Stable
4th Aug 25	TRK TEXTILE INDIA PRIVATE LIMITED			Instrument & Lender Details TRK TEXTILE 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 + 3 = I am not a robot
	Cash Credit	Long-term	INR 10 Cr	ACUITE BB-
	Cash Credit	Long-term	INR 30 Cr	ACUITE BB-
	Term Loan	Long-term	INR 2.44 Cr	ACUITE BB-
	Working Capital Term Loan	Long-term	INR 0.76 Cr	ACUITE BB-
	Term Loan	Long-term	INR 4.17 Cr	ACUITE BB-
	Term Loan	Long-term	INR 2.18 Cr	ACUITE BB-
	Term Loan	Long-term	INR 1.55 Cr	ACUITE BB-
	Term Loan	Long-term	INR 7.04 Cr	ACUITE BB-
	Term Loan	Long-term	INR 0.29 Cr	ACUITE BB-
	Term Loan	Long-term	INR 2.87 Cr	ACUITE BB-
	Proposed Long Term Bank Facility	Long-term	INR 10.7 Cr	ACUITE BB-
	Proposed Long Term Bank Facility	Long-term	INR 0.5 Cr	ACUITE BB-
	Letter of Credit	Short-term	INR 7 Cr	ACUITE A4+
	Stand By Line of Credit	Short-term	INR 4.5 Cr	ACUITE A4+
4th Aug 25	Rishi Laser Limited			Instrument & Lender Details Rishi Laser 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 + 7 = I am not a robot
	Term Loan	Long-term	INR 3 Cr	ACUITE BBB- Stable
	Cash Credit	Long-term	INR 1 Cr	ACUITE BBB- Stable
	Term Loan	Long-term	INR 2 Cr	ACUITE BBB- Stable
	Term Loan	Long-term	INR 3 Cr	ACUITE BBB- Stable
	Term Loan	Long-term	INR 7 Cr	ACUITE BBB- Stable
	Bank Guarantee/Letter of Guarantee	Short-term	INR 1 Cr	ACUITE A3
4th Aug 25	ASSOCIATED CHEMICAL CORPORATION			Instrument & Lender Details ASSOCIATED CHEMICAL 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 6 Cr	ACUITE B
	Letter of Credit	Short-term	INR 25 Cr	ACUITE A4
	Bank Guarantee (BLR)	Short-term	INR 1.5 Cr	ACUITE A4
4th Aug 25	BALIGA INVESTMENTS PRIVATE LIMITED			Instrument & Lender Details BALIGA INVESTMENTS 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 + 6 = I am not a robot
	Secured Overdraft	Long-term	INR 6.5 Cr	ACUITE B-
	Term Loan	Long-term	INR 11.5 Cr	ACUITE B-