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Date	Entity Name			Rating Action
16th Sep 22	THE NATIONAL SMALL INDUSTRIES CORPORATION LIMITED			Instrument & Lender Details THE NATIONAL SMALL INDUSTRIES 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 2 + 1 = I am not a robot
	Proposed Commercial Paper Program	Short-term	INR 1000 Cr	ACUITE A1+
	Proposed Commercial Paper Program	Short-term	INR 200 Cr	ACUITE A1+
16th Sep 22	VFS CAPITAL LIMITED(ERSTWHILE VILLAGE FINANCIAL SERVICES LIMITED)			Instrument & Lender Details VFS CAPITAL LIMITED(ERSTWHILE VILLAGE FINANCIAL SERVICES 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 + 1 = I am not a robot
	Term Loan	Long-term	INR 4.49 Cr	ACUITE BBB+ Negative
	Term Loan	Long-term	INR 15 Cr	ACUITE BBB+ Negative
	Term Loan	Long-term	INR 3.32 Cr	ACUITE BBB+ Negative
	Term Loan	Long-term	INR 2.42 Cr	ACUITE BBB+ Negative
	Term Loan	Long-term	INR 5.56 Cr	ACUITE BBB+ Negative
	Term Loan	Long-term	INR 0.02 Cr	ACUITE BBB+ Negative
	Term Loan	Long-term	INR 1.25 Cr	ACUITE BBB+ Negative
	Term Loan	Long-term	INR 0.68 Cr	ACUITE BBB+ Negative
	Term Loan	Long-term	INR 9.02 Cr	ACUITE BBB+ Negative
	Term Loan	Long-term	INR 9.16 Cr	ACUITE BBB+ Negative
	Term Loan	Long-term	INR 9.2 Cr	ACUITE BBB+ Negative
	Term Loan	Long-term	INR 0.67 Cr	ACUITE BBB+ Negative
	Term Loan	Long-term	INR 0.47 Cr	ACUITE BBB+ Negative
	Term Loan	Long-term	INR 27.27 Cr	ACUITE BBB+ Negative
	Term Loan	Long-term	INR 1.94 Cr	ACUITE BBB+ Negative
	Term Loan	Long-term	INR 0.67 Cr	ACUITE BBB+ Negative
	Term Loan	Long-term	INR 1.56 Cr	ACUITE BBB+ Negative
	Term Loan	Long-term	INR 12.5 Cr	ACUITE BBB+ Negative
	Term Loan	Long-term	INR 8.13 Cr	ACUITE BBB+ Negative
	Term Loan	Long-term	INR 9.29 Cr	ACUITE BBB+ Negative
	Term Loan	Long-term	INR 1.51 Cr	ACUITE BBB+ Negative
	Term Loan	Long-term	INR 19.6 Cr	ACUITE BBB+ Negative
	Term Loan	Long-term	INR 6.25 Cr	ACUITE BBB+ Negative
	Term Loan	Long-term	INR 3.75 Cr	ACUITE BBB+ Negative
	Term Loan	Long-term	INR 30 Cr	ACUITE BBB+ Negative
	Term Loan	Long-term	INR 6 Cr	ACUITE BBB+ Negative
	Term Loan	Long-term	INR 12.26 Cr	ACUITE BBB+ Negative
	Term Loan	Long-term	INR 1.25 Cr	ACUITE BBB+ Negative
	Term Loan	Long-term	INR 15.15 Cr	ACUITE BBB+ Negative
	Term Loan	Long-term	INR 8.79 Cr	ACUITE BBB+ Negative
	Term Loan	Long-term	INR 0.16 Cr	ACUITE BBB+ Negative
	Term Loan	Long-term	INR 0.64 Cr	ACUITE BBB+ Negative
	Term Loan	Long-term	INR 1.7 Cr	ACUITE BBB+ Negative
	Term Loan	Long-term	INR 6.9 Cr	ACUITE BBB+ Negative
	Term Loan	Long-term	INR 12.5 Cr	ACUITE BBB+ Negative
	Term Loan	Long-term	INR 39.5 Cr	ACUITE BBB+ Negative
	Term Loan	Long-term	INR 0.11 Cr	ACUITE BBB+ Negative
	Term Loan	Long-term	INR 0.96 Cr	ACUITE BBB+ Negative
	Term Loan	Long-term	INR 1.11 Cr	ACUITE BBB+ Negative
	Term Loan	Long-term	INR 1.11 Cr	ACUITE BBB+ Negative
	Term Loan	Long-term	INR 50 Cr	ACUITE BBB+ Negative
	Term Loan	Long-term	INR 15 Cr	ACUITE BBB+ Negative
	Term Loan	Long-term	INR 66.14 Cr	ACUITE BBB+ Negative
	Term Loan	Long-term	INR 17.2 Cr	ACUITE BBB+ Negative
	Term Loan	Long-term	INR 66 Cr	ACUITE BBB+ Negative
	Term Loan	Long-term	INR 10 Cr	ACUITE BBB+ Negative
	Term Loan	Long-term	INR 30 Cr	ACUITE BBB+ Negative
	Term Loan	Long-term	INR 25 Cr	ACUITE BBB+ Negative
	Term Loan	Long-term	INR 15 Cr	ACUITE BBB+ Negative
	Term Loan	Long-term	INR 10 Cr	ACUITE BBB+ Negative
	Term Loan	Long-term	INR 2.73 Cr	ACUITE BBB+ Negative
	Term Loan	Long-term	INR 3.88 Cr	ACUITE BBB+ Negative
	Proposed Term Loan	Long-term	INR 237.18 Cr	ACUITE BBB+ Negative
	Term Loan	Long-term	INR 50 Cr	ACUITE BBB+ Negative
	Term Loan	Long-term	INR 10 Cr	ACUITE BBB+ Negative
	Proposed Term Loan	Long-term	INR 200 Cr	ACUITE BBB+ Negative
16th Sep 22	PETROLE SERVICES INDIA PRIVATE LIMITED			Instrument & Lender Details PETROLE SERVICES 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 7 + 9 = I am not a robot
	Cash Credit	Long-term	INR 15 Cr	ACUITE B+
16th Sep 22	SHAKTHI TECH MANUFACTURING INDIA PRIVATE LIMITED			Instrument & Lender Details SHAKTHI TECH MANUFACTURING 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 5 + 6 = I am not a robot
	PC/PCFC	Short-term	INR 2 Cr	ACUITE D
	Bills Discounting	Short-term	INR 2 Cr	ACUITE D
	Bank Guarantee (BLR)	Short-term	INR 3.3 Cr	ACUITE D
	Term Loan	Long-term	INR 22.5 Cr	ACUITE D
	Cash Credit	Long-term	INR 2.5 Cr	ACUITE D
	Term Loan	Long-term	INR 10.8 Cr	ACUITE D
	Term Loan	Long-term	INR 2.2 Cr	ACUITE D
16th Sep 22	SAVERA PIPES PRIVATE LIMITED			Instrument & Lender Details SAVERA PIPES 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 + 8 = I am not a robot
	Cash Credit	Long-term	INR 16 Cr	ACUITE BBB- Stable
	Cash Credit	Long-term	INR 2 Cr	ACUITE BBB- Stable
16th Sep 22	PRIDE PROPERTIES PRIVATE LIMITED			Instrument & Lender Details PRIDE PROPERTIES 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 + 6 = I am not a robot
	Non-Covertible Debentures (NCD)	Long-term	INR 7.5 Cr	ACUITE B Stable
	Proposed Non Convertible Debentures	Long-term	INR 2.5 Cr	ACUITE Provisional B Stable
15th Sep 22	GANGA SPINTEX LIMITED			Instrument & Lender Details GANGA SPINTEX 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
	Cash Credit	Long-term	INR 14 Cr	ACUITE B+
	Term Loan	Long-term	INR 3 Cr	ACUITE B+
15th Sep 22	INDIA EXPORT INTERNATIONAL			Instrument & Lender Details INDIA EXPORT INTERNATIONAL To: CC: Note: By clicking on send button you shall be sharing a copy of rating release on the mentioned Email IDs. Captcha 6 + 5 = I am not a robot
	PC/PCFC	Short-term	INR 2 Cr	ACUITE A4
	Bills Discounting	Short-term	INR 8 Cr	ACUITE A4
15th Sep 22	UTTAM CHAND RAKESH KUMAR			Instrument & Lender Details UTTAM CHAND RAKESH KUMAR 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 23 Cr	ACUITE B+
15th Sep 22	UJIN PHARMACHEM			Instrument & Lender Details UJIN PHARMACHEM 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
	Letter of Credit	Short-term	INR 5 Cr	ACUITE A4
	Cash Credit	Long-term	INR 14.5 Cr	ACUITE B+
15th Sep 22	SUPERFINE PROFILES AND EXTRUSIONS PRIVATE LIMITED			Instrument & Lender Details SUPERFINE PROFILES AND EXTRUSIONS 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 + 6 = I am not a robot
	Cash Credit	Long-term	INR 8 Cr	ACUITE C
15th Sep 22	SUPERFINE EXTRUSIONS PRIVATE LIMITED			Instrument & Lender Details SUPERFINE EXTRUSIONS 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 + 8 = I am not a robot
	Cash Credit	Long-term	INR 8.5 Cr	ACUITE C
	Bank Guarantee/Letter of Guarantee	Short-term	INR 2.54 Cr	ACUITE A4
15th Sep 22	SAHANA JEWELLERY EXPORTS PRIVATE LIMITED			Instrument & Lender Details SAHANA JEWELLERY EXPORTS 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
	Cash Credit	Long-term	INR 14 Cr	ACUITE B
15th Sep 22	RADIANCE FLEX IMAGES PRIVATE LIMITED			Instrument & Lender Details RADIANCE FLEX IMAGES 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
	Cash Credit	Long-term	INR 1 Cr	ACUITE B
	Term Loan	Long-term	INR 4.85 Cr	ACUITE B
	Proposed Long Term Bank Facility	Long-term	INR 0.15 Cr	ACUITE B
15th Sep 22	KARVY DATA MANAGEMENT SERVICES LIMITED			Instrument & Lender Details KARVY DATA MANAGEMENT SERVICES 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 + 5 = I am not a robot
	Cash Credit	Long-term	INR 220 Cr	ACUITE D
	Term Loan	Long-term	INR 111.85 Cr	ACUITE D
	Bank Guarantee (BLR)	Short-term	INR 110 Cr	ACUITE D
	Proposed Long Term Bank Facility	Long-term	INR 158.15 Cr	ACUITE D
15th Sep 22	GULSHAN RAI JAIN (II)			Instrument & Lender Details GULSHAN RAI JAIN (II) 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
	Cash Credit	Long-term	INR 16.5 Cr	ACUITE BB-
	Bank Guarantee/Letter of Guarantee	Short-term	INR 32.5 Cr	ACUITE A4+
	Bank Guarantee (BLR)	Short-term	INR 15 Cr	ACUITE A4+
	Cash Credit	Long-term	INR 10 Cr	ACUITE BB-
15th Sep 22	G S ATWAL AND CO ENGINEERS PRIVATE LIMITED			Instrument & Lender Details G S ATWAL AND CO ENGINEERS 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
	Cash Credit	Long-term	INR 5.5 Cr	ACUITE D
	Letter of Credit	Short-term	INR 1 Cr	ACUITE D
	Bank Guarantee (BLR)	Short-term	INR 5 Cr	ACUITE D
	Term Loan	Long-term	INR 10.27 Cr	ACUITE D
	Term Loan	Long-term	INR 3.03 Cr	ACUITE D
15th Sep 22	BHAGYA LAXMI GEMS AND JEWELLERS PRIVATE LIMITED			Instrument & Lender Details BHAGYA LAXMI GEMS AND JEWELLERS 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 + 7 = I am not a robot
	Cash Credit	Long-term	INR 5 Cr	ACUITE B
	Bank Guarantee/Letter of Guarantee	Short-term	INR 15 Cr	ACUITE A4
15th Sep 22	BANGALORE METALLURGICALS PRIVATE LIMITED			Instrument & Lender Details BANGALORE METALLURGICALS 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 + 8 = I am not a robot
	Cash Credit	Long-term	INR 9.5 Cr	ACUITE B+
	Term Loan	Long-term	INR 1.5 Cr	ACUITE B+
15th Sep 22	BELLA JEWELRY PRIVATE LIMITED			Instrument & Lender Details BELLA JEWELRY 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
	Post Shipment Credit	Short-term	INR 7.5 Cr	ACUITE D