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Date	Entity Name			Rating Action
19th Sep 22	R A GHULE			Instrument & Lender Details R A GHULE To: CC: Note: By clicking on send button you shall be sharing a copy of rating release on the mentioned Email IDs. Captcha 9 + 2 = I am not a robot
	Bank Guarantee (BLR)	Short-term	INR 44.22 Cr	ACUITE A4
	Term Loan	Long-term	INR 7 Cr	ACUITE B+ Stable
	Term Loan	Long-term	INR 5 Cr	ACUITE B+ Stable
19th Sep 22	PROTIUM FINANCE LIMITED(erstwhile GROWTH SOURCE FINANCIAL TECHNOLOGIES PRIVATE LIMITED)			Instrument & Lender Details PROTIUM FINANCE LIMITED(erstwhile GROWTH SOURCE FINANCIAL TECHNOLOGIES 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
	Term Loan	Long-term	INR 33.33 Cr	ACUITE A+ Stable
	Term Loan	Long-term	INR 35.42 Cr	ACUITE A+ Stable
	Proposed Long Term Bank Facility	Long-term	INR 15.64 Cr	ACUITE A+ Stable
	Term Loan	Long-term	INR 127.27 Cr	ACUITE A+ Stable
	Term Loan	Long-term	INR 23.75 Cr	ACUITE A+ Stable
	Term Loan	Long-term	INR 12.78 Cr	ACUITE A+ Stable
	Term Loan	Long-term	INR 12.5 Cr	ACUITE A+ Stable
	Term Loan	Long-term	INR 22.92 Cr	ACUITE A+ Stable
	Term Loan	Long-term	INR 18.82 Cr	ACUITE A+ Stable
	Term Loan	Long-term	INR 22.57 Cr	ACUITE A+ Stable
	Term Loan	Long-term	INR 25 Cr	ACUITE A+ Stable
	Term Loan	Long-term	INR 50 Cr	ACUITE A+ Stable
	Term Loan	Long-term	INR 25 Cr	ACUITE A+ Stable
	Term Loan	Long-term	INR 25 Cr	ACUITE A+ Stable
	Term Loan	Long-term	INR 25 Cr	ACUITE A+ Stable
	Term Loan	Long-term	INR 20 Cr	ACUITE A+ Stable
	Proposed Long Term Bank Facility	Long-term	INR 105 Cr	ACUITE A+ Stable
19th Sep 22	WAMAN HARI PETHE SONS PRIVATE LIMITED			Instrument & Lender Details WAMAN HARI PETHE SONS 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
	Proposed Long Term Bank Facility	Long-term	INR 26.5 Cr	ACUITE A- Stable
	Cash Credit	Long-term	INR 55 Cr	ACUITE A- Stable
	Cash Credit	Long-term	INR 25 Cr	ACUITE A- Stable
	Cash Credit	Long-term	INR 20 Cr	ACUITE A- Stable
	Cash Credit	Long-term	INR 20 Cr	ACUITE A- Stable
	Working Capital Term Loan	Long-term	INR 8.5 Cr	ACUITE A- Stable
	Proposed Long Term Bank Facility	Long-term	INR 10 Cr	ACUITE A- Stable
19th Sep 22	CMR TEXTILES AND JEWELLERS PRIVATE LIMITED(ERSTWHILE CHANDANA BROTHERS SHOPPING MALL PRIVATE LIMITED			Instrument & Lender Details CMR TEXTILES AND JEWELLERS PRIVATE LIMITED(ERSTWHILE CHANDANA BROTHERS SHOPPING 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 + 3 = I am not a robot
	Cash Credit	Long-term	INR 165 Cr	ACUITE A-
	Term Loan	Long-term	INR 14.97 Cr	ACUITE A-
	Term Loan	Long-term	INR 2.86 Cr	ACUITE A-
	Cash Credit	Long-term	INR 65 Cr	ACUITE A-
	Working Capital Term Loan	Long-term	INR 4.27 Cr	ACUITE A-
	Working Capital Term Loan	Long-term	INR 47.8 Cr	ACUITE A-
	Proposed Long Term Bank Facility	Long-term	INR 25.1 Cr	ACUITE A-
19th Sep 22	SHREEJI BLOCKS PRIVATE LIMITED			Instrument & Lender Details SHREEJI BLOCKS 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
	Term Loan	Long-term	INR 8.16 Cr	ACUITE B
	Cash Credit	Long-term	INR 1.5 Cr	ACUITE B
19th Sep 22	KHERANI PAPER MILLS PRIVATE LIMITED			Instrument & Lender Details KHERANI PAPER MILLS 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
	Cash Credit	Long-term	INR 25 Cr	ACUITE BBB+ Stable
	Term Loan	Long-term	INR 7.75 Cr	ACUITE BBB+ Stable
	Term Loan	Long-term	INR 15.5 Cr	ACUITE BBB+ Stable
	Proposed Long Term Bank Facility	Long-term	INR 6.75 Cr	ACUITE BBB+ Stable
19th Sep 22	GAYATRISHAKTI PAPER AND BOARDS LIMITED			Instrument & Lender Details GAYATRISHAKTI PAPER AND BOARDS 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 + 6 = I am not a robot
	Letter of Credit	Short-term	INR 14.75 Cr	ACUITE A2+
	Letter of Credit	Short-term	INR 25.2 Cr	ACUITE A2+
	Cash Credit	Long-term	INR 36 Cr	ACUITE BBB+ Stable
	Letter of Credit	Short-term	INR 20.05 Cr	ACUITE A2+
	Cash Credit	Long-term	INR 30 Cr	ACUITE BBB+ Stable
	Cash Credit	Long-term	INR 18.64 Cr	ACUITE BBB+ Stable
	Term Loan	Long-term	INR 77.5 Cr	ACUITE BBB+ Stable
	Term Loan	Long-term	INR 25 Cr	ACUITE BBB+ Stable
	Term Loan	Long-term	INR 107.5 Cr	ACUITE BBB+ Stable
	Term Loan	Long-term	INR 42.62 Cr	ACUITE BBB+ Stable
	Working Capital Demand Loan (WCDL)	Long-term	INR 2.38 Cr	ACUITE BBB+ Stable
	Working Capital Demand Loan (WCDL)	Long-term	INR 24 Cr	ACUITE BBB+ Stable
	Working Capital Demand Loan (WCDL)	Long-term	INR 13.61 Cr	ACUITE BBB+ Stable
19th Sep 22	SUPERFINE METALS PRIVATE LIMITED			Instrument & Lender Details SUPERFINE METALS 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 52 Cr	ACUITE D
	Letter of Credit	Short-term	INR 6 Cr	ACUITE D
	Cash Credit	Long-term	INR 25 Cr	ACUITE D
	Cash Credit	Long-term	INR 23 Cr	ACUITE D
	Term Loan	Long-term	INR 15.43 Cr	ACUITE D
16th Sep 22	Hazoor Multi Projects Limited			Instrument & Lender Details Hazoor Multi 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 1 + 1 = I am not a robot
	Proposed Non-Convertible Preference Shares	Long-term	INR 50 Cr	ACUITE Provisional BB
16th Sep 22	FINE COMPONENTS AND TOOLS PRIVATE LIMITED			Instrument & Lender Details FINE COMPONENTS AND TOOLS 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 6 Cr	ACUITE A- Stable
	Proposed Long Term Bank Facility	Long-term	INR 6.6 Cr	ACUITE A- Stable
	Bank Guarantee (BLR)	Short-term	INR 1.2 Cr	ACUITE A2+
	Working Capital Term Loan	Long-term	INR 6 Cr	ACUITE A- Stable
	Cash Credit	Long-term	INR 35 Cr	ACUITE A- Stable
	Term Loan	Long-term	INR 23.2 Cr	ACUITE A- Stable
16th Sep 22	E LIGHTS TECHNO PARK PRIVATE LIMITED			Instrument & Lender Details E LIGHTS TECHNO PARK 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
	Term Loan	Long-term	INR 43.7 Cr	ACUITE BBB+
	Term Loan	Long-term	INR 79.9 Cr	ACUITE BBB+
	Proposed Long Term Bank Facility	Long-term	INR 2.05 Cr	ACUITE BBB+
	Term Loan	Long-term	INR 5.5 Cr	ACUITE BBB+
16th Sep 22	PEN INDIA LIMITED			Instrument & Lender Details PEN INDIA 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 25 Cr	ACUITE BBB- Stable
	Term Loan	Long-term	INR 40 Cr	ACUITE BBB- Stable
	Secured Overdraft	Long-term	INR 35 Cr	ACUITE BBB- Stable
	Term Loan	Long-term	INR 39.93 Cr	ACUITE BBB- Stable
	Proposed Long Term Bank Facility	Long-term	INR 85.07 Cr	ACUITE BBB- Stable
	Proposed Long Term Bank Facility	Long-term	INR 15 Cr	ACUITE BBB- Stable
16th Sep 22	APAC FINANCIAL SERVICES PRIVATE LIMITED			Instrument & Lender Details APAC FINANCIAL SERVICES 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
	Proposed Long Term Bank Facility	Long-term	INR 5 Cr	ACUITE A Stable
	Term Loan	Long-term	INR 20 Cr	ACUITE A Stable
	Term Loan	Long-term	INR 25 Cr	ACUITE A Stable
	Proposed Long Term Bank Facility	Long-term	INR 75 Cr	ACUITE A Stable
16th Sep 22	APAC HOUSING FINANCE PRIVATE LIMITED			Instrument & Lender Details APAC HOUSING FINANCE 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 + 1 = I am not a robot
	Proposed Long Term Bank Facility	Long-term	INR 70 Cr	ACUITE A
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 4 + 7 = 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 5 + 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 4 + 5 = 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 6 + 1 = 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 2 + 9 = 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 4 + 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