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Date	Entity Name			Rating Action
25th Feb 23	BELSTAR MICROFINANCE LIMITED			Instrument & Lender Details BELSTAR MICROFINANCE 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 + 3 = I am not a robot
	Principal protected market linked debentures	Long-term	INR 125 Cr	ACUITE PP-MLD AA Stable
25th Feb 23	GMP TECHNICAL SOLUTIONS PRIVATE LIMITED			Instrument & Lender Details GMP TECHNICAL SOLUTIONS 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 + 2 = I am not a robot
	Bank Guarantee (BLR)	Short-term	INR 10 Cr	ACUITE A3+
	Bank Guarantee (BLR)	Short-term	INR 12 Cr	ACUITE A3+
	Cash Credit	Long-term	INR 10 Cr	ACUITE BBB Stable
	Cash Credit	Long-term	INR 10 Cr	ACUITE BBB Stable
	Proposed Long Term Bank Facility	Long-term	INR 11 Cr	ACUITE BBB Stable
24th Feb 23	INDUSTRIAL BOILERS LIMITED			Instrument & Lender Details INDUSTRIAL BOILERS 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 + 5 = I am not a robot
	Bank Guarantee/Letter of Guarantee	Short-term	INR 2.5 Cr	ACUITE A3
	Letter of Credit	Short-term	INR 2 Cr	ACUITE A3
	Cash Credit	Long-term	INR 7.5 Cr	ACUITE BBB- Stable
24th Feb 23	SRI CHAMUNDESWARI SUGARS LIMITED			Instrument & Lender Details SRI CHAMUNDESWARI SUGARS 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 + 7 = I am not a robot
	Cash Credit	Long-term	INR 5 Cr	ACUITE BB- Stable
	Term Loan	Long-term	INR 4.47 Cr	ACUITE BB- Stable
	Cash Credit	Long-term	INR 4 Cr	ACUITE Not Applicable
	Proposed Long Term Bank Facility	Long-term	INR 1.4 Cr	ACUITE BB- Stable
24th Feb 23	ACESO PHARMA			Instrument & Lender Details ACESO PHARMA 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 0.5 Cr	ACUITE B
	Term Loan	Long-term	INR 2.5 Cr	ACUITE B
	Proposed Long Term Bank Facility	Long-term	INR 3 Cr	ACUITE B
24th Feb 23	ALAND CERAMIC PRIVATE LIMITED			Instrument & Lender Details ALAND CERAMIC 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 + 9 = I am not a robot
	Bank Guarantee/Letter of Guarantee	Short-term	INR 1 Cr	ACUITE A4
	Cash Credit	Long-term	INR 1 Cr	ACUITE B+
	Term Loan	Long-term	INR 4.27 Cr	ACUITE B+
24th Feb 23	BATRA RICE MILLS			Instrument & Lender Details BATRA RICE MILLS 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
	Cash Credit	Long-term	INR 30 Cr	ACUITE B+
24th Feb 23	PETROPOL INDIA LIMITED			Instrument & Lender Details PETROPOL 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 5 + 7 = I am not a robot
	Cash Credit	Long-term	INR 12 Cr	ACUITE BB-
	Term Loan	Long-term	INR 2 Cr	ACUITE BB-
24th Feb 23	BHARATH AUTOS			Instrument & Lender Details BHARATH AUTOS 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 2 Cr	ACUITE B+
	Cash Credit	Long-term	INR 2.5 Cr	ACUITE B+
	Term Loan	Long-term	INR 4.44 Cr	ACUITE B+
	Proposed Cash Credit	Long-term	INR 1.06 Cr	ACUITE B+
24th Feb 23	BINA METAL WAY PRIVATE LIMITED			Instrument & Lender Details BINA METAL WAY 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
	Bank Guarantee/Letter of Guarantee	Short-term	INR 14 Cr	ACUITE A4
	Cash Credit	Long-term	INR 3.5 Cr	ACUITE B
24th Feb 23	INDIAN RESINS AND POLYMERS			Instrument & Lender Details INDIAN RESINS AND POLYMERS 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
	Proposed Short Term Bank Facility	Short-term	INR 24 Cr	ACUITE A4
	Cash Credit	Long-term	INR 16 Cr	ACUITE B+
	Secured Overdraft	Long-term	INR 19 Cr	ACUITE B+
24th Feb 23	Kilburn Engineering Limited			Instrument & Lender Details Kilburn Engineering 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 + 7 = I am not a robot
	Bank Guarantee (BLR)	Short-term	INR 18 Cr	ACUITE A3
	Letter of Credit	Short-term	INR 8.35 Cr	ACUITE A3
	Proposed Bank Guarantee	Short-term	INR 33.65 Cr	ACUITE A3
	Bank Guarantee (BLR)	Short-term	INR 19.5 Cr	ACUITE A3
	Term Loan	Long-term	INR 58.7 Cr	ACUITE BBB- Stable
	Cash Credit	Long-term	INR 6 Cr	ACUITE BBB- Stable
	Cash Credit	Long-term	INR 3.99 Cr	ACUITE BBB- Stable
	Cash Credit	Long-term	INR 4.3 Cr	ACUITE BBB- Stable
	Cash Credit	Long-term	INR 5 Cr	ACUITE BBB- Stable
	Proposed Cash Credit	Long-term	INR 7.51 Cr	ACUITE BBB- Stable
24th Feb 23	AKASH COKE INDUSTRIES PRIVATE LIMITED			Instrument & Lender Details AKASH COKE INDUSTRIES 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 + 7 = I am not a robot
	Bank Guarantee/Letter of Guarantee	Short-term	INR 0.8 Cr	ACUITE A4
	Cash Credit	Long-term	INR 15 Cr	ACUITE B+
	Proposed Long Term Bank Facility	Long-term	INR 3 Cr	ACUITE B+
24th Feb 23	SURUCHI SPICES PRIVATE LIMITED			Instrument & Lender Details SURUCHI SPICES 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
	Cash Credit	Long-term	INR 40 Cr	ACUITE Not Applicable
24th Feb 23	KRISHNA CONSTRUCTION CO			Instrument & Lender Details KRISHNA CONSTRUCTION CO 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
	Bank Guarantee/Letter of Guarantee	Short-term	INR 28 Cr	ACUITE A4+
	Bank Guarantee (BLR)	Short-term	INR 14 Cr	ACUITE A4+
	Cash Credit	Long-term	INR 3 Cr	ACUITE BB+
24th Feb 23	COMFORT RUBBER INDUSTRIES			Instrument & Lender Details COMFORT RUBBER INDUSTRIES 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/Letter of Guarantee	Short-term	INR 6 Cr	ACUITE A4
	Cash Credit	Long-term	INR 6 Cr	ACUITE B+
24th Feb 23	GITA DEVI FLOUR MILLS PRIVATE LIMITED			Instrument & Lender Details GITA DEVI FLOUR 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 8 + 7 = I am not a robot
	Bank Guarantee (BLR)	Short-term	INR 6 Cr	ACUITE A4
	Cash Credit	Long-term	INR 4 Cr	ACUITE B
24th Feb 23	LUXMI RICE MILLS			Instrument & Lender Details LUXMI RICE MILLS 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
	Cash Credit	Long-term	INR 14 Cr	ACUITE D
24th Feb 23	STESALIT LIMITED			Instrument & Lender Details STESALIT 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
	Bank Guarantee (BLR)	Short-term	INR 5 Cr	ACUITE A3
	Stand By Line of Credit	Short-term	INR 3 Cr	ACUITE A3
	Cash Credit	Long-term	INR 35 Cr	ACUITE BBB- Stable
	Cash Credit	Long-term	INR 7 Cr	ACUITE BBB- Stable
	Covid Emergency Line.	Long-term	INR 5.01 Cr	ACUITE BBB- Stable
24th Feb 23	MIURA INFRASTRUCTURE PRIVATE LIMITED			Instrument & Lender Details MIURA 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 9 + 5 = I am not a robot
	Bank Guarantee/Letter of Guarantee	Short-term	INR 18 Cr	ACUITE A2
	Bank Guarantee (BLR)	Short-term	INR 15 Cr	ACUITE A2
	Cash Credit	Long-term	INR 7 Cr	ACUITE BBB+ Stable
	Secured Overdraft	Long-term	INR 0.5 Cr	ACUITE BBB+ Stable