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Date	Entity Name			Rating Action
25th Mar 25	VASAVI AVENUES LLP			Instrument & Lender Details VASAVI AVENUES LLP 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
	Term Loan	Long-term	INR 650 Cr	ACUITE BBB- Stable
25th Mar 25	PATHANKOT VEHICLEADES PRIVATE LIMITED			Instrument & Lender Details PATHANKOT VEHICLEADES 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 + 5 = I am not a robot
	Bank Guarantee (BLR)	Short-term	INR 17 Cr	ACUITE A3
	Covid Emergency Line.	Long-term	INR 3.64 Cr	ACUITE BBB- Stable
	Cash Credit	Long-term	INR 21.5 Cr	ACUITE BBB- Stable
	Channel/Dealer/Vendor Financing	Long-term	INR 7.4 Cr	ACUITE BBB- Stable
	Covid Emergency Line.	Long-term	INR 0.7 Cr	ACUITE BBB- Stable
	Proposed Long Term Bank Facility	Long-term	INR 12.84 Cr	ACUITE BBB- Stable
25th Mar 25	AAA VEHICLEADES PRIVATE LIMITED			Instrument & Lender Details AAA VEHICLEADES 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 + 8 = I am not a robot
	Bank Guarantee (BLR)	Short-term	INR 17 Cr	ACUITE A4+
	Term Loan	Long-term	INR 0.47 Cr	ACUITE BB+ Stable
	Covid Emergency Line.	Long-term	INR 8.35 Cr	ACUITE BB+ Stable
	Cash Credit	Long-term	INR 69 Cr	ACUITE BB+ Stable
	Covid Emergency Line.	Long-term	INR 9.38 Cr	ACUITE BB+ Stable
	Term Loan	Long-term	INR 0.22 Cr	ACUITE BB+ Stable
	Secured Overdraft	Long-term	INR 15 Cr	ACUITE BB+ Stable
	Proposed Long Term Bank Facility	Long-term	INR 5.26 Cr	ACUITE BB+ Stable
	Channel/Dealer/Vendor Financing	Long-term	INR 20 Cr	ACUITE BB+ Stable
25th Mar 25	JAMKASH VEHICLEADES PRIVATE LIMITED			Instrument & Lender Details JAMKASH VEHICLEADES 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 + 9 = I am not a robot
	Bank Guarantee (BLR)	Short-term	INR 21.2 Cr	ACUITE A4+
	Covid Emergency Line.	Long-term	INR 4.8 Cr	ACUITE BB+ Stable
	Term Loan	Long-term	INR 1.45 Cr	ACUITE BB+ Stable
	Cash Credit	Long-term	INR 60 Cr	ACUITE BB+ Stable
	Channel/Dealer/Vendor Financing	Long-term	INR 8 Cr	ACUITE BB+ Stable
	Proposed Long Term Bank Facility	Long-term	INR 11.74 Cr	ACUITE BB+ Stable
	Covid Emergency Line.	Long-term	INR 1.05 Cr	ACUITE BB+ Stable
	Channel/Dealer/Vendor Financing	Long-term	INR 10 Cr	ACUITE BB+ Stable
24th Mar 25	LORDS MARK INDUSTRIES LIMITED (ERSTWHILE LORDS MARK INDUSTRIES PRIVATE LIMITED)			Instrument & Lender Details LORDS MARK INDUSTRIES LIMITED (ERSTWHILE LORDS MARK 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
	Bank Guarantee/Letter of Guarantee	Short-term	INR 8 Cr	ACUITE A4+
	Cash Credit	Long-term	INR 15 Cr	ACUITE BB
24th Mar 25	THE STAR CARS PRIVATE LIMITED			Instrument & Lender Details THE STAR CARS 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
	Term Loan	Long-term	INR 5.5 Cr	ACUITE D
	Proposed Long Term Bank Facility	Long-term	INR 8.5 Cr	ACUITE D
24th Mar 25	ANJALI KITCHENWARE PRIVATE LIMITED			Instrument & Lender Details ANJALI KITCHENWARE 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 + 9 = I am not a robot
	Cash Credit	Long-term	INR 9 Cr	ACUITE BB-
24th Mar 25	IMPULSE PHARMA PRIVATE LIMITED			Instrument & Lender Details IMPULSE PHARMA 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 + 7 = I am not a robot
	Cash Credit	Long-term	INR 4.3 Cr	ACUITE B
	Term Loan	Long-term	INR 1.7 Cr	ACUITE B
	Term Loan	Long-term	INR 6 Cr	ACUITE B
24th Mar 25	PRAGATI GREEN MEADOWS AND RESORTS LIMITED			Instrument & Lender Details PRAGATI GREEN MEADOWS AND RESORTS 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
	Term Loan	Long-term	INR 4 Cr	ACUITE BB-
	Term Loan	Long-term	INR 7 Cr	ACUITE BB-
	Term Loan	Long-term	INR 9 Cr	ACUITE BB-
	Working Capital Term Loan	Long-term	INR 5 Cr	ACUITE BB-
	Proposed Term Loan	Long-term	INR 25 Cr	ACUITE BB-
24th Mar 25	RAJHANS INFRATECH PRIVATE LIMITED			Instrument & Lender Details RAJHANS INFRATECH 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 + 5 = I am not a robot
	Term Loan	Long-term	INR 30 Cr	ACUITE C
24th Mar 25	SHARDA CONTAINERS PRIVATE LIMITED			Instrument & Lender Details SHARDA CONTAINERS 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 + 8 = I am not a robot
	Cash Credit	Long-term	INR 10 Cr	ACUITE B
24th Mar 25	SPS MARINE PRIVATE LIMITED			Instrument & Lender Details SPS MARINE 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 1 Cr	ACUITE D
	Term Loan	Long-term	INR 15 Cr	ACUITE D
24th Mar 25	ZIP INDUSTRIES LIMITED			Instrument & Lender Details ZIP INDUSTRIES 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
	Bank Guarantee/Letter of Guarantee	Short-term	INR 3 Cr	ACUITE A4
	Bills Discounting	Long-term	INR 0.5 Cr	ACUITE B
	Cash Credit	Long-term	INR 2.5 Cr	ACUITE B
	Cash Credit	Long-term	INR 4 Cr	ACUITE B
	Packing Credit	Long-term	INR 0.75 Cr	ACUITE B
	Term Loan	Long-term	INR 0.55 Cr	ACUITE B
	Proposed Long Term Loan	Long-term	INR 0.08 Cr	ACUITE B
24th Mar 25	SAURASHTRA FUELS PRIVATE LIMITED			Instrument & Lender Details SAURASHTRA FUELS 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
	Letter of Credit	Short-term	INR 60 Cr	ACUITE Not Applicable
	Letter of Credit	Short-term	INR 32 Cr	ACUITE Not Applicable
	Letter of Credit	Short-term	INR 19 Cr	ACUITE Not Applicable
	Letter of Credit	Short-term	INR 35 Cr	ACUITE Not Applicable
	Letter of Credit	Short-term	INR 29 Cr	ACUITE Not Applicable
	Cash Credit	Long-term	INR 25 Cr	ACUITE Not Applicable
	Cash Credit	Long-term	INR 15 Cr	ACUITE Not Applicable
	Cash Credit	Long-term	INR 8 Cr	ACUITE Not Applicable
	Cash Credit	Long-term	INR 15 Cr	ACUITE Not Applicable
	Cash Credit	Long-term	INR 12 Cr	ACUITE Not Applicable
	Term Loan	Long-term	INR 4.12 Cr	ACUITE Not Applicable
	Term Loan	Long-term	INR 2.98 Cr	ACUITE Not Applicable
	Term Loan	Long-term	INR 2.9 Cr	ACUITE Not Applicable
24th Mar 25	KLENZAIDS CONTAMINATION CONTROLS PRIVATE LIMITED			Instrument & Lender Details KLENZAIDS CONTAMINATION CONTROLS 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 + 1 = I am not a robot
	Bank Guarantee (BLR)	Short-term	INR 19 Cr	ACUITE A2+
	Letter of Credit	Short-term	INR 2 Cr	ACUITE A2+
	Derivative Exposure	Short-term	INR 0.6 Cr	ACUITE A2+
	PC/PCFC	Short-term	INR 19 Cr	ACUITE A2+
	PC/PCFC	Short-term	INR 1 Cr	ACUITE A2+
	Cash Credit	Long-term	INR 5 Cr	ACUITE A- Stable
	Working Capital Term Loan	Long-term	INR 2.4 Cr	ACUITE A- Stable
24th Mar 25	SUPRADA CONSTRUCTIONS PRIVATE LIMITED			Instrument & Lender Details SUPRADA 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 1 + 4 = I am not a robot
	Cash Credit	Long-term	INR 40 Cr	ACUITE C
	Term Loan	Long-term	INR 1.59 Cr	ACUITE C
	Term Loan	Long-term	INR 0.1 Cr	ACUITE C
	Term Loan	Long-term	INR 0.29 Cr	ACUITE C
	Bank Guarantee/Letter of Guarantee	Long-term	INR 230 Cr	ACUITE C
	Bank Guarantee/Letter of Guarantee	Long-term	INR 55 Cr	ACUITE C
	Working Capital Term Loan	Long-term	INR 1.24 Cr	ACUITE C
	Proposed Bank Guarantee	Long-term	INR 20.37 Cr	ACUITE C
	Term Loan	Long-term	INR 17.2 Cr	ACUITE C
	Term Loan	Long-term	INR 0.62 Cr	ACUITE C
	Cash Credit	Long-term	INR 20 Cr	ACUITE C
	Term Loan	Long-term	INR 5.52 Cr	ACUITE C
	Term Loan	Long-term	INR 8.07 Cr	ACUITE C
24th Mar 25	SEUTIC LABS PRIVATE LIMITED			Instrument & Lender Details SEUTIC LABS 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 + 8 = I am not a robot
	Proposed Short Term Bank Facility	Short-term	INR 0.02 Cr	ACUITE Not Applicable
	Cash Credit	Long-term	INR 26 Cr	ACUITE D
	Covid Emergency Line.	Long-term	INR 1.16 Cr	ACUITE D
	Covid Emergency Line.	Long-term	INR 1.3 Cr	ACUITE Not Applicable
	Term Loan	Long-term	INR 0.78 Cr	ACUITE Not Applicable
	Proposed Long Term Bank Facility	Long-term	INR 0.74 Cr	ACUITE Not Applicable
24th Mar 25	SEUTIC PHARMA PRIVATE LIMITED			Instrument & Lender Details SEUTIC PHARMA 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
	Bills Discounting	Short-term	INR 10 Cr	ACUITE D
	Cash Credit	Long-term	INR 4 Cr	ACUITE D
	Cash Credit	Long-term	INR 7 Cr	ACUITE D
	Term Loan	Long-term	INR 4.88 Cr	ACUITE D
	Term Loan	Long-term	INR 1.15 Cr	ACUITE C
	Proposed Long Term Bank Facility	Long-term	INR 0.05 Cr	ACUITE C
24th Mar 25	SUSTAINABLE SPINNING AND COMMODITIES PRIVATE LIMITED			Instrument & Lender Details SUSTAINABLE SPINNING AND COMMODITIES 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 + 4 = I am not a robot
	Bank Guarantee/Letter of Guarantee	Short-term	INR 3 Cr	ACUITE D
	Bank Guarantee/Letter of Guarantee	Short-term	INR 1.5 Cr	ACUITE A4
	Cash Credit	Long-term	INR 8 Cr	ACUITE D
	Cash Credit	Long-term	INR 4 Cr	ACUITE C
	Term Loan	Long-term	INR 12.65 Cr	ACUITE C
	Cash Credit	Long-term	INR 4 Cr	ACUITE D
	Term Loan	Long-term	INR 13.51 Cr	ACUITE D
	Proposed Long Term Bank Facility	Long-term	INR 10.87 Cr	ACUITE C
	Term Loan	Long-term	INR 0.44 Cr	ACUITE D
	Term Loan	Long-term	INR 12.83 Cr	ACUITE D
	Term Loan	Long-term	INR 2.28 Cr	ACUITE D
	Term Loan	Long-term	INR 4.73 Cr	ACUITE D
	Working Capital Term Loan	Long-term	INR 0.27 Cr	ACUITE D
	Working Capital Term Loan	Long-term	INR 7.32 Cr	ACUITE D
	Term Loan	Long-term	INR 2.36 Cr	ACUITE C
	Term Loan	Long-term	INR 0.13 Cr	ACUITE C
	Working Capital Term Loan	Long-term	INR 3.79 Cr	ACUITE C
	Term Loan	Long-term	INR 2.36 Cr	ACUITE D
	Working Capital Term Loan	Long-term	INR 0.25 Cr	ACUITE D
	Working Capital Term Loan	Long-term	INR 3.8 Cr	ACUITE D
	Term Loan	Long-term	INR 5.91 Cr	ACUITE D
21st Mar 25	RAMA OVERSEAS LIMITED			Instrument & Lender Details RAMA OVERSEAS 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
	PC/PCFC	Short-term	INR 25 Cr	ACUITE A2
	FBN/FBP/FBD/PSFC/FBE	Short-term	INR 22.5 Cr	ACUITE A2
	Proposed Long Term Bank Facility	Long-term	INR 2.5 Cr	ACUITE BBB+ Stable