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Date	Entity Name			Rating Action
24th Apr 25	MARWADI EDUCARE FOUNDATION (ERSTWHILE MARWADI EDUCATION FOUNDATION)			Instrument & Lender Details MARWADI EDUCARE FOUNDATION (ERSTWHILE MARWADI EDUCATION FOUNDATION) 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
	Cash Credit	Long-term	INR 33 Cr	ACUITE BBB Stable
	Term Loan	Long-term	INR 7.73 Cr	ACUITE BBB Stable
	Term Loan	Long-term	INR 15.02 Cr	ACUITE BBB Stable
	Term Loan	Long-term	INR 24.58 Cr	ACUITE BBB Stable
	Term Loan	Long-term	INR 37.55 Cr	ACUITE BBB Stable
	Proposed Term Loan	Long-term	INR 4.65 Cr	ACUITE BBB Stable
	Term Loan	Long-term	INR 27.72 Cr	ACUITE BBB Stable
	Term Loan	Long-term	INR 79.75 Cr	ACUITE Not Applicable
24th Apr 25	TRANSDAMODAR MINING PRIVATE LIMITED			Instrument & Lender Details TRANSDAMODAR MINING 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 + 3 = I am not a robot
	Cash Credit	Long-term	INR 25 Cr	ACUITE A- Stable
	Cash Credit	Long-term	INR 10 Cr	ACUITE A- Stable
	Bank Guarantee (BLR)	Short-term	INR 30 Cr	ACUITE A2+
	Bank Guarantee (BLR)	Short-term	INR 1 Cr	ACUITE A2+
24th Apr 25	STAR EXPORTS			Instrument & Lender Details STAR EXPORTS 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 1.5 Cr	ACUITE BB+ Stable
	Working Capital Term Loan	Long-term	INR 0.5 Cr	ACUITE BB+ Stable
	PC/PCFC	Short-term	INR 20 Cr	ACUITE A4+
	Bills Discounting	Short-term	INR 7 Cr	ACUITE A4+
	Letter of Credit	Short-term	INR 5 Cr	ACUITE A4+
23rd Apr 25	Schiller Healthcare India Private Limited			Instrument & Lender Details Schiller Healthcare 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 + 5 = I am not a robot
	Cash Credit	Long-term	INR 14 Cr	ACUITE A Stable
	Cash Credit	Long-term	INR 31 Cr	ACUITE A Stable
	Letter of Credit	Short-term	INR 5 Cr	ACUITE A1
	Bank Guarantee (BLR)	Short-term	INR 60 Cr	ACUITE A1
	Letter of Credit	Short-term	INR 5 Cr	ACUITE A1
	Bank Guarantee (BLR)	Short-term	INR 5 Cr	ACUITE A1
23rd Apr 25	THE FERTILISERS AND CHEMICALS TRAVANCORE LIMITED			Instrument & Lender Details THE FERTILISERS AND CHEMICALS TRAVANCORE 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
	Bank Guarantee (BLR)	Long-term	INR 100 Cr	ACUITE A Stable
	Letter of Credit	Short-term	INR 300 Cr	ACUITE A1
	Letter of Credit	Short-term	INR 400 Cr	ACUITE A1
	Letter of Credit	Short-term	INR 100 Cr	ACUITE A1
	Letter of Credit	Short-term	INR 230 Cr	ACUITE A1
	Derivative Exposure	Short-term	INR 20 Cr	ACUITE A1
23rd Apr 25	GANPATI BUILDERS			Instrument & Lender Details GANPATI BUILDERS 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
	Covid Emergency Line.	Long-term	INR 2.85 Cr	ACUITE BB+
	Cash Credit	Long-term	INR 5 Cr	ACUITE BB+
	Secured Overdraft	Long-term	INR 3 Cr	ACUITE Not Applicable
	Cash Credit	Long-term	INR 7 Cr	ACUITE BB+
	Secured Overdraft	Long-term	INR 0.5 Cr	ACUITE BB+
	Proposed Long Term Bank Facility	Long-term	INR 0.1 Cr	ACUITE Not Applicable
	Secured Overdraft	Long-term	INR 4.25 Cr	ACUITE BB+
	Bank Guarantee (BLR)	Short-term	INR 39.8 Cr	ACUITE A4+
	Bank Guarantee (BLR)	Short-term	INR 17 Cr	ACUITE Not Applicable
	Bank Guarantee (BLR)	Short-term	INR 30 Cr	ACUITE A4+
	Bank Guarantee (BLR)	Short-term	INR 24.5 Cr	ACUITE A4+
	Bank Guarantee (BLR)	Short-term	INR 37 Cr	ACUITE A4+
23rd Apr 25	KSR INFRACON PRIVATE LIMITED			Instrument & Lender Details KSR INFRACON 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 7.5 Cr	ACUITE BB
	Working Capital Term Loan	Long-term	INR 2.25 Cr	ACUITE BB
	Bank Guarantee/Letter of Guarantee	Short-term	INR 35 Cr	ACUITE A4+
	Proposed Short Term Bank Facility	Short-term	INR 12.5 Cr	ACUITE Not Applicable
	Proposed Short Term Bank Facility	Short-term	INR 37.75 Cr	ACUITE Not Applicable
23rd Apr 25	CHIEN HSING TANNERY			Instrument & Lender Details CHIEN HSING TANNERY To: CC: Note: By clicking on send button you shall be sharing a copy of rating release on the mentioned Email IDs. Captcha 8 + 9 = I am not a robot
	Cash Credit	Long-term	INR 4.5 Cr	ACUITE B-
	PC/PCFC	Short-term	INR 0.5 Cr	ACUITE A4
	Bills Discounting	Short-term	INR 0.5 Cr	ACUITE A4
23rd Apr 25	ELCON			Instrument & Lender Details ELCON 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
	Cash Credit	Long-term	INR 10 Cr	ACUITE B
23rd Apr 25	KALPATHARU LIQUOR DISTRIBUTORS			Instrument & Lender Details KALPATHARU LIQUOR DISTRIBUTORS To: CC: Note: By clicking on send button you shall be sharing a copy of rating release on the mentioned Email IDs. Captcha 6 + 2 = I am not a robot
	Cash Credit	Long-term	INR 14 Cr	ACUITE B
23rd Apr 25	THANE CREEK BRIDGE INFRASTRUCTURE LIMITED			Instrument & Lender Details THANE CREEK BRIDGE INFRASTRUCTURE 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
	Non-Covertible Debentures (NCD)	Long-term	INR 98 Cr	ACUITE AA (CE) Stable
	Proposed Non Convertible Debentures	Long-term	INR 302 Cr	ACUITE Provisional AA (CE) Stable
23rd Apr 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 + 2 = I am not a robot
	Channel/Dealer/Vendor Financing	Long-term	INR 10 Cr	ACUITE BB+ Stable
	Channel/Dealer/Vendor Financing	Long-term	INR 15 Cr	ACUITE BB+ Stable
	Channel/Dealer/Vendor Financing	Long-term	INR 10 Cr	ACUITE BB+ Stable
	Channel/Dealer/Vendor Financing	Long-term	INR 8 Cr	ACUITE BB+ Stable
	Covid Emergency Line.	Long-term	INR 1.05 Cr	ACUITE BB+ Stable
	Cash Credit	Long-term	INR 60 Cr	ACUITE BB+ Stable
	Term Loan	Long-term	INR 1.45 Cr	ACUITE BB+ Stable
	Covid Emergency Line.	Long-term	INR 4.8 Cr	ACUITE BB+ Stable
	Proposed Long Term Bank Facility	Long-term	INR 1.74 Cr	ACUITE BB+ Stable
	Bank Guarantee (BLR)	Short-term	INR 21.2 Cr	ACUITE A4+
23rd Apr 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 9 + 9 = I am not a robot
	Inventory Funding	Long-term	INR 15 Cr	ACUITE BBB- Stable
	Channel/Dealer/Vendor Financing	Long-term	INR 10 Cr	ACUITE BBB- Stable
	Channel/Dealer/Vendor Financing	Long-term	INR 5 Cr	ACUITE BBB- Stable
	Cash Credit	Long-term	INR 21.5 Cr	ACUITE BBB- Stable
	Covid Emergency Line.	Long-term	INR 3.64 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 2.84 Cr	ACUITE BBB- Stable
	Bank Guarantee (BLR)	Short-term	INR 17 Cr	ACUITE A3
23rd Apr 25	KBK BIOTECH PRIVATE LIMITED			Instrument & Lender Details KBK BIOTECH 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 + 2 = I am not a robot
	Cash Credit	Long-term	INR 20 Cr	ACUITE BB-
	Proposed Long Term Bank Facility	Long-term	INR 2.5 Cr	ACUITE BB-
	Term Loan	Long-term	INR 14.5 Cr	ACUITE BB-
23rd Apr 25	KUSHAL KARYASHALA			Instrument & Lender Details KUSHAL KARYASHALA 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
	Cash Credit	Long-term	INR 5.5 Cr	ACUITE B
23rd Apr 25	MALAR TEXTILES			Instrument & Lender Details MALAR TEXTILES 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
	Cash Credit	Long-term	INR 4.25 Cr	ACUITE B-
	Term Loan	Long-term	INR 0.66 Cr	ACUITE B-
	Proposed Working Capital Demand Loan	Long-term	INR 0.03 Cr	ACUITE B-
	Proposed Long Term Loan	Long-term	INR 3.06 Cr	ACUITE B-
23rd Apr 25	SRI GOKULKANNAN MODERN RICE MILL			Instrument & Lender Details SRI GOKULKANNAN MODERN RICE MILL 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
	Cash Credit	Long-term	INR 8.55 Cr	ACUITE B
23rd Apr 25	SRI SAI CASHEWS			Instrument & Lender Details SRI SAI CASHEWS 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
	Term Loan	Long-term	INR 2 Cr	ACUITE D
	Cash Credit	Long-term	INR 4 Cr	ACUITE D
23rd Apr 25	TAN SINGH CHOUHAN			Instrument & Lender Details TAN SINGH CHOUHAN To: CC: Note: By clicking on send button you shall be sharing a copy of rating release on the mentioned Email IDs. Captcha 6 + 1 = I am not a robot
	Cash Credit	Long-term	INR 15 Cr	ACUITE BB
	Bank Guarantee (BLR)	Short-term	INR 50 Cr	ACUITE A4+
23rd Apr 25	VANDANA TRAILORS AND BODY MFG PRIVATE LIMITED			Instrument & Lender Details VANDANA TRAILORS AND BODY MFG 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 6.5 Cr	ACUITE B
	Term Loan	Long-term	INR 0.21 Cr	ACUITE B
	Term Loan	Long-term	INR 0.55 Cr	ACUITE B
	Proposed Long Term Loan	Long-term	INR 2.74 Cr	ACUITE B