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Date	Entity Name			Rating Action
16th May 25	SALASAR BALAJI SHIP BREAKERS PRIVATE LIMITED			Instrument & Lender Details SALASAR BALAJI SHIP BREAKERS 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
	Proposed Long Term Bank Facility	Long-term	INR 25 Cr	ACUITE BB- Stable
	Letter of Credit	Short-term	INR 75 Cr	ACUITE A4
16th May 25	UGRO CAPITAL LIMITED - AVENGER 2022- MARCH SERIES			Instrument & Lender Details UGRO CAPITAL LIMITED - AVENGER 2022- MARCH SERIES 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
	Pass Through Certificate	Long-term	INR 1.16 Cr	ACUITE AA- (SO )
16th May 25	SHRIMARC MALL LLP			Instrument & Lender Details SHRIMARC MALL 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 + 8 = I am not a robot
	Term Loan	Long-term	INR 57 Cr	ACUITE BBB Stable
	Secured Overdraft	Long-term	INR 7 Cr	ACUITE BBB Stable
	Proposed Long Term Loan	Long-term	INR 14 Cr	ACUITE BBB Stable
16th May 25	SHIVKRUPA COTSPIN PRIVATE LIMITED			Instrument & Lender Details SHIVKRUPA COTSPIN 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 15 Cr	ACUITE BBB Stable
	Term Loan	Long-term	INR 12.98 Cr	ACUITE BBB Stable
	Term Loan	Long-term	INR 59.18 Cr	ACUITE BBB Stable
	Proposed Long Term Bank Facility	Long-term	INR 0.64 Cr	ACUITE BBB Stable
	Covid Emergency Line.	Long-term	INR 1.21 Cr	ACUITE Not Applicable
	Covid Emergency Line.	Long-term	INR 4.57 Cr	ACUITE Not Applicable
	Proposed Long Term Bank Facility	Long-term	INR 20.22 Cr	ACUITE Not Applicable
	Bank Guarantee (BLR)	Short-term	INR 2.2 Cr	ACUITE A3+
16th May 25	GHV INFRA PROJECTS LIMITED			Instrument & Lender Details GHV INFRA 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 7 + 4 = I am not a robot
	Proposed Cash Credit	Long-term	INR 50 Cr	ACUITE BBB- Stable
	Proposed Bank Guarantee	Short-term	INR 150 Cr	ACUITE A3
16th May 25	PRIMARC PROJECTS PRIVATE LIMITED			Instrument & Lender Details PRIMARC PROJECTS 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
	Term Loan	Long-term	INR 21.43 Cr	ACUITE BBB- Stable
	Term Loan	Long-term	INR 3.89 Cr	ACUITE BBB- Stable
	Proposed Long Term Loan	Long-term	INR 0.68 Cr	ACUITE BBB- Stable
16th May 25	GOA CARBON LIMITED			Instrument & Lender Details GOA CARBON 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 + 7 = I am not a robot
	Working Capital Term Loan	Long-term	INR 4 Cr	ACUITE A- Stable
	Cash Credit	Long-term	INR 5 Cr	ACUITE A- Stable
	Cash Credit	Long-term	INR 55 Cr	ACUITE A- Stable
	Covid Emergency Line.	Long-term	INR 5 Cr	ACUITE A- Stable
	Proposed Long Term Bank Facility	Long-term	INR 16 Cr	ACUITE A- Stable
	Letter of Credit	Short-term	INR 185 Cr	ACUITE A2+
	Letter of Credit	Short-term	INR 50 Cr	ACUITE A2+
	Letter of Credit	Short-term	INR 55 Cr	ACUITE A2+
	Letter of Credit	Short-term	INR 5 Cr	ACUITE A2+
	Letter of Credit	Short-term	INR 45 Cr	ACUITE A2+
16th May 25	IIFL SAMASTA FINANCE LIMITED			Instrument & Lender Details IIFL SAMASTA 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 3 + 5 = I am not a robot
	Non-Covertible Debentures (NCD)	Long-term	INR 150 Cr	ACUITE AA- Stable
	Proposed Non Convertible Debentures	Long-term	INR 50 Cr	ACUITE AA- Stable
	Proposed Non Convertible Debentures	Long-term	INR 319.14 Cr	ACUITE AA- Stable
	Non-Covertible Debentures (NCD)	Long-term	INR 200 Cr	ACUITE AA- Stable
	Non-Covertible Debentures (NCD)	Long-term	INR 100 Cr	ACUITE AA- Stable
	Proposed Non Convertible Debentures	Long-term	INR 1487.98 Cr	ACUITE AA- Stable
	Non-Covertible Debentures (NCD)	Long-term	INR 80.39 Cr	ACUITE AA- Stable
	Non-Covertible Debentures (NCD)	Long-term	INR 157.72 Cr	ACUITE AA- Stable
	Non-Covertible Debentures (NCD)	Long-term	INR 73.45 Cr	ACUITE AA- Stable
	Non-Covertible Debentures (NCD)	Long-term	INR 34.05 Cr	ACUITE AA- Stable
	Non-Covertible Debentures (NCD)	Long-term	INR 116.84 Cr	ACUITE AA- Stable
	Non-Covertible Debentures (NCD)	Long-term	INR 49.57 Cr	ACUITE AA- Stable
	Non-Covertible Debentures (NCD)	Long-term	INR 54.33 Cr	ACUITE AA- Stable
	Non-Covertible Debentures (NCD)	Long-term	INR 14.87 Cr	ACUITE AA- Stable
	Non-Covertible Debentures (NCD)	Long-term	INR 14.72 Cr	ACUITE AA- Stable
	Non-Covertible Debentures (NCD)	Long-term	INR 13.14 Cr	ACUITE AA- Stable
	Non-Covertible Debentures (NCD)	Long-term	INR 77.6 Cr	ACUITE AA- Stable
	Non-Covertible Debentures (NCD)	Long-term	INR 6.2 Cr	ACUITE AA- Stable
	Proposed Commercial Paper Program	Short-term	INR 50 Cr	ACUITE A1+
16th May 25	KANCO TEA AND INDUSTRIES LIMITED			Instrument & Lender Details KANCO TEA AND 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 8 + 3 = I am not a robot
	Cash Credit	Long-term	INR 30 Cr	ACUITE D
	Working Capital Demand Loan (WCDL)	Long-term	INR 0.67 Cr	ACUITE D
	Term Loan	Long-term	INR 3.8 Cr	ACUITE D
	Proposed Long Term Bank Facility	Long-term	INR 2.35 Cr	ACUITE Not Applicable
	Letter of Credit	Short-term	INR 1.8 Cr	ACUITE D
	Bank Guarantee (BLR)	Short-term	INR 0.3 Cr	ACUITE D
16th May 25	ABELLON CLEANENERGY LIMITED			Instrument & Lender Details ABELLON CLEANENERGY 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
	Proposed Long Term Bank Facility	Long-term	INR 13.63 Cr	ACUITE BB-
	Letter of Credit	Short-term	INR 4.32 Cr	ACUITE A4+
16th May 25	GUJARAT PICKERS INDUSTRIES LIMITED			Instrument & Lender Details GUJARAT PICKERS 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 8 + 3 = I am not a robot
	Cash Credit	Long-term	INR 8.5 Cr	ACUITE B
	Cash Credit	Long-term	INR 41.5 Cr	ACUITE B
	Bank Guarantee (BLR)	Short-term	INR 8.5 Cr	ACUITE A4
16th May 25	JASHANK IMPEX PRIVATE LIMITED			Instrument & Lender Details JASHANK IMPEX 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 + 1 = I am not a robot
	Cash Credit	Long-term	INR 10 Cr	ACUITE D
16th May 25	LAXMI PIPES LIMITED			Instrument & Lender Details LAXMI PIPES 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 21.25 Cr	ACUITE D
	Term Loan	Long-term	INR 2.25 Cr	ACUITE D
16th May 25	SIGMA C INFRASTRUCTURE PRIVATE LIMITED			Instrument & Lender Details SIGMA C 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 3 + 4 = I am not a robot
	Cash Credit	Long-term	INR 7.5 Cr	ACUITE D
	Proposed Long Term Loan	Long-term	INR 0.8 Cr	ACUITE D
	Bank Guarantee (BLR)	Short-term	INR 19 Cr	ACUITE D
16th May 25	SKYWAY INFRAPROJECTS PRIVATE LIMITED			Instrument & Lender Details SKYWAY INFRAPROJECTS 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
	Cash Credit	Long-term	INR 32 Cr	ACUITE BB
	Bank Guarantee/Letter of Guarantee	Short-term	INR 150 Cr	ACUITE A4+
16th May 25	TRISH IMPEX PRIVATE LIMITED			Instrument & Lender Details TRISH IMPEX 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
	Cash Credit	Long-term	INR 2 Cr	ACUITE B
	Letter of Credit	Short-term	INR 7 Cr	ACUITE A4
16th May 25	VIBRANT FAB PRIVATE LIMITED			Instrument & Lender Details VIBRANT FAB 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 + 2 = I am not a robot
	PC/PCFC	Short-term	INR 6.7 Cr	ACUITE D
	Bills Discounting	Short-term	INR 8.3 Cr	ACUITE D
16th May 25	VIBRANT FASHIONS PRIVATE LIMITED			Instrument & Lender Details VIBRANT FASHIONS 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
	Cash Credit	Long-term	INR 1 Cr	ACUITE D
	PC/PCFC	Short-term	INR 9 Cr	ACUITE D
16th May 25	VISALAANDHRA VIGNANA SAMITHI			Instrument & Lender Details VISALAANDHRA VIGNANA SAMITHI 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
	Secured Overdraft	Long-term	INR 8.5 Cr	ACUITE B
	Term Loan	Long-term	INR 2.48 Cr	ACUITE B
	Working Capital Term Loan	Long-term	INR 2.24 Cr	ACUITE B
	Working Capital Term Loan	Long-term	INR 1.1 Cr	ACUITE B
	Working Capital Term Loan	Long-term	INR 0.49 Cr	ACUITE B
	Bank Guarantee/Letter of Guarantee	Short-term	INR 1.2 Cr	ACUITE A4
16th May 25	B C BHUYAN CONSTRUCTION PRIVATE LIMITED			Instrument & Lender Details B C BHUYAN CONSTRUCTION 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
	Working Capital Demand Loan (WCDL)	Long-term	INR 4.8 Cr	ACUITE BB
	Term Loan	Long-term	INR 2.34 Cr	ACUITE BB
	Cash Credit	Long-term	INR 22 Cr	ACUITE BB
	Bank Guarantee (BLR)	Short-term	INR 37 Cr	ACUITE A4+