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Date	Entity Name			Rating Action
15th Apr 25	ALTRA PHARMA CHEM PRIVATE LIMITED			Instrument & Lender Details ALTRA 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 9 + 7 = I am not a robot
	Letter of Credit	Short-term	INR 1 Cr	ACUITE A4
	Cash Credit	Long-term	INR 2 Cr	ACUITE B
	Term Loan	Long-term	INR 1 Cr	ACUITE B
	Term Loan	Long-term	INR 0.15 Cr	ACUITE B
	Term Loan	Long-term	INR 0.41 Cr	ACUITE B
15th Apr 25	AMAR BIO TECH LIMITED			Instrument & Lender Details AMAR BIO TECH 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 7.5 Cr	ACUITE B-
15th Apr 25	INWIN FOOD PROCESSOR PRIVATE LIMITED (ERSTWHILE KAVISH INFRASTRUCTURE PRIVATE LIMITED)			Instrument & Lender Details INWIN FOOD PROCESSOR PRIVATE LIMITED (ERSTWHILE KAVISH 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 6 + 4 = I am not a robot
	Proposed Term Loan	Long-term	INR 9 Cr	ACUITE B
	Proposed Cash Credit	Long-term	INR 1 Cr	ACUITE B
15th Apr 25	KARAVALI OCEAN PRODUCTS PRIVATE LIMITED			Instrument & Lender Details KARAVALI OCEAN PRODUCTS 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 + 3 = I am not a robot
	PC/PCFC	Short-term	INR 13.93 Cr	ACUITE D
	Term Loan	Long-term	INR 0.07 Cr	ACUITE D
15th Apr 25	MAHABIR POLYFABS PRIVATE LIMITED			Instrument & Lender Details MAHABIR POLYFABS 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 5.62 Cr	ACUITE D
	Term Loan	Long-term	INR 6.27 Cr	ACUITE D
	Working Capital Term Loan	Long-term	INR 1.36 Cr	ACUITE D
	Term Loan	Long-term	INR 1.19 Cr	ACUITE D
	Proposed Long Term Bank Facility	Long-term	INR 0.56 Cr	ACUITE D
15th Apr 25	PARIVARTAN BUILDTECH PRIVATE LIMITED			Instrument & Lender Details PARIVARTAN BUILDTECH 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 + 2 = I am not a robot
	Bank Guarantee (BLR)	Short-term	INR 7 Cr	ACUITE D
	Bank Guarantee (BLR)	Short-term	INR 8.05 Cr	ACUITE D
	Proposed Bank Guarantee	Short-term	INR 11.95 Cr	ACUITE D
	Cash Credit	Long-term	INR 1 Cr	ACUITE D
	Cash Credit	Long-term	INR 7 Cr	ACUITE D
	Proposed Cash Credit	Long-term	INR 9 Cr	ACUITE D
15th Apr 25	SAHUWALA CYLINDERS PRIVATE LIMITED			Instrument & Lender Details SAHUWALA CYLINDERS 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
	Bank Guarantee (BLR)	Short-term	INR 2.5 Cr	ACUITE A4
	Cash Credit	Long-term	INR 45 Cr	ACUITE B
15th Apr 25	URJA INFRATECH AND POWER PROJECTS INDIA PRIVATE LIMITED			Instrument & Lender Details URJA INFRATECH AND POWER PROJECTS 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 4 + 7 = I am not a robot
	Letter of Credit	Short-term	INR 1 Cr	ACUITE A4
	Bank Guarantee/Letter of Guarantee	Short-term	INR 5 Cr	ACUITE A4
	Proposed Short Term Bank Facility	Short-term	INR 0.5 Cr	ACUITE A4
	Cash Credit	Long-term	INR 1 Cr	ACUITE B+
	Proposed Long Term Bank Facility	Long-term	INR 5 Cr	ACUITE B+
15th Apr 25	VYANKTESH PACKAGING HYDERABAD PRIVATE LIMITED			Instrument & Lender Details VYANKTESH PACKAGING HYDERABAD 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 + 1 = I am not a robot
	Proposed Term Loan	Long-term	INR 7 Cr	ACUITE B-
	Proposed Cash Credit	Long-term	INR 3 Cr	ACUITE B-
15th Apr 25	NAMRA FINANCE LIMITED			Instrument & Lender Details NAMRA 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 2 + 8 = I am not a robot
	Term Loan	Long-term	INR 1.52 Cr	ACUITE A Negative
	Term Loan	Long-term	INR 0.59 Cr	ACUITE A Negative
	Term Loan	Long-term	INR 4.48 Cr	ACUITE A Negative
	Term Loan	Long-term	INR 3.32 Cr	ACUITE A Negative
	Term Loan	Long-term	INR 1 Cr	ACUITE A Negative
	Term Loan	Long-term	INR 2.92 Cr	ACUITE A Negative
	Term Loan	Long-term	INR 0.95 Cr	ACUITE A Negative
	Term Loan	Long-term	INR 2.15 Cr	ACUITE A Negative
	Term Loan	Long-term	INR 3.75 Cr	ACUITE A Negative
	Term Loan	Long-term	INR 4.92 Cr	ACUITE A Negative
	Term Loan	Long-term	INR 7.33 Cr	ACUITE A Negative
	Term Loan	Long-term	INR 2.5 Cr	ACUITE A Negative
	Term Loan	Long-term	INR 10.43 Cr	ACUITE A Negative
	Term Loan	Long-term	INR 8.97 Cr	ACUITE A Negative
	Term Loan	Long-term	INR 2.15 Cr	ACUITE A Negative
	Term Loan	Long-term	INR 2.5 Cr	ACUITE A Negative
	Term Loan	Long-term	INR 4.23 Cr	ACUITE A Negative
	Term Loan	Long-term	INR 8.75 Cr	ACUITE A Negative
	Term Loan	Long-term	INR 46.72 Cr	ACUITE A Negative
	Term Loan	Long-term	INR 11.22 Cr	ACUITE A Negative
	Term Loan	Long-term	INR 12.72 Cr	ACUITE A Negative
	Term Loan	Long-term	INR 6.67 Cr	ACUITE A Negative
	Term Loan	Long-term	INR 30.3 Cr	ACUITE A Negative
	Non-Covertible Debentures (NCD)	Long-term	INR 40 Cr	ACUITE A Negative
	Term Loan	Long-term	INR 13.1 Cr	ACUITE A Negative
	Term Loan	Long-term	INR 8.33 Cr	ACUITE A Negative
	Term Loan	Long-term	INR 11.67 Cr	ACUITE A Negative
	Term Loan	Long-term	INR 12 Cr	ACUITE A Negative
	Proposed Term Loan	Long-term	INR 111.24 Cr	ACUITE A Negative
	Term Loan	Long-term	INR 22.45 Cr	ACUITE A Negative
	Term Loan	Long-term	INR 17.5 Cr	ACUITE A Negative
	Term Loan	Long-term	INR 8.33 Cr	ACUITE A Negative
	Term Loan	Long-term	INR 38.33 Cr	ACUITE A Negative
	Term Loan	Long-term	INR 26.25 Cr	ACUITE A Negative
	Term Loan	Long-term	INR 24.51 Cr	ACUITE A Negative
	Proposed principal protected market linked debentures	Long-term	INR 5.2 Cr	ACUITE PP-MLD A Negative
	Term Loan	Long-term	INR 24 Cr	ACUITE A Negative
	Term Loan	Long-term	INR 25 Cr	ACUITE A Negative
	Term Loan	Long-term	INR 40 Cr	ACUITE A Negative
	Term Loan	Long-term	INR 43.61 Cr	ACUITE A Negative
	Term Loan	Long-term	INR 28.26 Cr	ACUITE A Negative
	Term Loan	Long-term	INR 19.33 Cr	ACUITE A Negative
	Term Loan	Long-term	INR 20 Cr	ACUITE A Negative
	Term Loan	Long-term	INR 2.47 Cr	ACUITE A Negative
	Term Loan	Long-term	INR 2.67 Cr	ACUITE A Negative
	Proposed Long Term Bank Facility	Long-term	INR 15 Cr	ACUITE A Negative
	Term Loan	Long-term	INR 18 Cr	ACUITE A Negative
	Term Loan	Long-term	INR 67.86 Cr	ACUITE A Negative
	Term Loan	Long-term	INR 30 Cr	ACUITE A Negative
15th Apr 25	MUSADDILAL HOLDINGS PRIVATE LIMITED			Instrument & Lender Details MUSADDILAL HOLDINGS 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 + 1 = I am not a robot
	Lease Rental Discounting	Long-term	INR 109 Cr	ACUITE BBB Stable
15th Apr 25	CRYSTAL SILICATES PRIVATE LIMITED			Instrument & Lender Details CRYSTAL SILICATES 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
	Cash Credit	Long-term	INR 9 Cr	ACUITE D
	Term Loan	Long-term	INR 0.68 Cr	ACUITE D
	Term Loan	Long-term	INR 4.56 Cr	ACUITE D
	Term Loan	Long-term	INR 4.56 Cr	ACUITE D
	Proposed Long Term Bank Facility	Long-term	INR 1.2 Cr	ACUITE C
14th Apr 25	SATYA MICROCAPITAL LIMITED			Instrument & Lender Details SATYA MICROCAPITAL 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 + 2 = I am not a robot
	Proposed principal protected market linked debentures	Long-term	INR 5 Cr	ACUITE Not Applicable
	Principal protected market linked debentures	Long-term	INR 30 Cr	ACUITE Not Applicable
	Principal protected market linked debentures	Long-term	INR 15 Cr	ACUITE Not Applicable
	Non-Covertible Debentures (NCD)	Long-term	INR 25 Cr	ACUITE Not Applicable
14th Apr 25	ADVANCE DIE CAST			Instrument & Lender Details ADVANCE DIE CAST 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
	Proposed Short Term Bank Facility	Short-term	INR 0.05 Cr	ACUITE Not Applicable
	Bank Guarantee/Letter of Guarantee	Short-term	INR 0.05 Cr	ACUITE A4+
	Proposed Long Term Bank Facility	Long-term	INR 1.17 Cr	ACUITE Not Applicable
	Cash Credit	Long-term	INR 5 Cr	ACUITE BB-
	Term Loan	Long-term	INR 8.08 Cr	ACUITE BB-
14th Apr 25	KANISH SPINNING MILL			Instrument & Lender Details KANISH SPINNING MILL 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
	Cash Credit	Long-term	INR 5 Cr	ACUITE Not Applicable
	Term Loan	Long-term	INR 10.14 Cr	ACUITE Not Applicable
	Term Loan	Long-term	INR 4.9 Cr	ACUITE Not Applicable
	Term Loan	Long-term	INR 3.24 Cr	ACUITE Not Applicable
	Term Loan	Long-term	INR 3.28 Cr	ACUITE Not Applicable
	Working Capital Demand Loan (WCDL)	Long-term	INR 0.85 Cr	ACUITE Not Applicable
	Covid Emergency Line.	Long-term	INR 1.59 Cr	ACUITE Not Applicable
	Covid Emergency Line.	Long-term	INR 1 Cr	ACUITE Not Applicable
14th Apr 25	KARTHIGEYA MOULDS AND DIES PRIVATE LIMITED			Instrument & Lender Details KARTHIGEYA MOULDS AND DIES 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 + 5 = I am not a robot
	Bank Guarantee (BLR)	Short-term	INR 1.5 Cr	ACUITE Not Applicable
	Cash Credit	Long-term	INR 7 Cr	ACUITE Not Applicable
	Term Loan	Long-term	INR 11.2 Cr	ACUITE Not Applicable
14th Apr 25	VGP MARINE KINGDOM PRIVATE LIMITED			Instrument & Lender Details VGP MARINE KINGDOM 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 + 4 = I am not a robot
	Term Loan	Long-term	INR 20.5 Cr	ACUITE B+
	Term Loan	Long-term	INR 13.5 Cr	ACUITE B+
14th Apr 25	JALAN INTER CONTINENTAL HOTELS PRIVATE LIMITED			Instrument & Lender Details JALAN INTER CONTINENTAL HOTELS 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 + 3 = I am not a robot
	Term Loan	Long-term	INR 112 Cr	ACUITE BBB+ Stable
	Term Loan	Long-term	INR 18 Cr	ACUITE BBB+ Stable
	Secured Overdraft	Long-term	INR 5 Cr	ACUITE BBB+ Stable
14th Apr 25	OZONE LOGISTICS PRIVATE LIMITED			Instrument & Lender Details OZONE LOGISTICS 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 50 Cr	ACUITE BBB+ Stable
	Secured Overdraft	Long-term	INR 7.5 Cr	ACUITE BBB+ Stable
	Cash Credit	Long-term	INR 30 Cr	ACUITE BBB+ Stable
	Term Loan	Long-term	INR 41.4 Cr	ACUITE BBB+ Stable
	Working Capital Term Loan	Long-term	INR 0.47 Cr	ACUITE BBB+ Stable
	Working Capital Term Loan	Long-term	INR 0.04 Cr	ACUITE BBB+ Stable
	Working Capital Term Loan	Long-term	INR 0.58 Cr	ACUITE BBB+ Stable
	Secured Overdraft	Long-term	INR 3.33 Cr	ACUITE BBB+ Stable
	Proposed Long Term Bank Facility	Long-term	INR 17.41 Cr	ACUITE BBB+ Stable
	Term Loan	Long-term	INR 9.27 Cr	ACUITE BBB+ Stable
14th Apr 25	SHRI RAM MALL PRIVATE LIMITED			Instrument & Lender Details SHRI RAM MALL 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
	Secured Overdraft	Long-term	INR 1.75 Cr	ACUITE BBB+ Stable
	Proposed Long Term Bank Facility	Long-term	INR 23.88 Cr	ACUITE BBB+ Stable
	Term Loan	Long-term	INR 76.37 Cr	ACUITE BBB+ Stable