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Date	Entity Name			Rating Action
17th Jan 25	SHAKTI AUTOS			Instrument & Lender Details SHAKTI AUTOS 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
	Bank Guarantee/Letter of Guarantee	Short-term	INR 1 Cr	ACUITE A4
	Cash Credit	Long-term	INR 2.5 Cr	ACUITE B
	Term Loan	Long-term	INR 1.5 Cr	ACUITE B
17th Jan 25	SOUTHERN CARGO CARRIERS (INDIA)			Instrument & Lender Details SOUTHERN CARGO CARRIERS (INDIA) To: CC: Note: By clicking on send button you shall be sharing a copy of rating release on the mentioned Email IDs. Captcha 7 + 7 = I am not a robot
	Secured Overdraft	Long-term	INR 12 Cr	ACUITE BB-
	Proposed Long Term Bank Facility	Long-term	INR 2 Cr	ACUITE BB-
17th Jan 25	STARTWISE PRIVATE LIMITED			Instrument & Lender Details STARTWISE 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 + 7 = I am not a robot
	Proposed Bank Guarantee	Short-term	INR 5 Cr	ACUITE A4
	Proposed Secured Overdraft	Long-term	INR 2.5 Cr	ACUITE B-
	Proposed Long Term Loan	Long-term	INR 2.5 Cr	ACUITE B-
17th Jan 25	SYSTEM ENGITECH PRIVATE LIMITED			Instrument & Lender Details SYSTEM ENGITECH 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 + 8 = I am not a robot
	Letter of Credit	Short-term	INR 1 Cr	ACUITE A4
	Bank Guarantee/Letter of Guarantee	Short-term	INR 0.49 Cr	ACUITE A4
	Cash Credit	Long-term	INR 5 Cr	ACUITE B
	Term Loan	Long-term	INR 0.99 Cr	ACUITE B
	Proposed Long Term Bank Facility	Long-term	INR 0.02 Cr	ACUITE B
17th Jan 25	VIKRMA IMPEX PRIVATE LIMITED			Instrument & Lender Details VIKRMA IMPEX 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 + 3 = I am not a robot
	PC/PCFC	Short-term	INR 25 Cr	ACUITE A4
	Bank Guarantee/Letter of Guarantee	Short-term	INR 1 Cr	ACUITE A4
	Letter of Credit	Short-term	INR 1 Cr	ACUITE A4
	Proposed Term Loan	Long-term	INR 3 Cr	ACUITE BB-
17th Jan 25	SHRI VEERGANAPATHI STEELS PRIVATE LIMITED			Instrument & Lender Details SHRI VEERGANAPATHI STEELS 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
	Letter of Credit	Short-term	INR 10 Cr	ACUITE A4
	Bank Guarantee/Letter of Guarantee	Short-term	INR 5 Cr	ACUITE A4
	Cash Credit	Long-term	INR 20 Cr	ACUITE C
17th Jan 25	ARNOTHAYA MILLS			Instrument & Lender Details ARNOTHAYA MILLS To: CC: Note: By clicking on send button you shall be sharing a copy of rating release on the mentioned Email IDs. Captcha 2 + 2 = I am not a robot
	Cash Credit	Long-term	INR 26 Cr	ACUITE BB
	Covid Emergency Line.	Long-term	INR 6.23 Cr	ACUITE BB
	Term Loan	Long-term	INR 7.65 Cr	ACUITE BB
	Covid Emergency Line.	Long-term	INR 2.11 Cr	ACUITE BB
	Cash Credit	Long-term	INR 11 Cr	ACUITE BB
	Proposed Long Term Bank Facility	Long-term	INR 1.01 Cr	ACUITE BB
17th Jan 25	S KANT HEALTHCARE LIMITED			Instrument & Lender Details S KANT HEALTHCARE 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 + 6 = I am not a robot
	Letter of Credit	Short-term	INR 6 Cr	ACUITE A1
	Bank Guarantee (BLR)	Short-term	INR 0.5 Cr	ACUITE A1
	Post Shipment Credit	Short-term	INR 65 Cr	ACUITE A1
	Bank Guarantee (BLR)	Short-term	INR 1.5 Cr	ACUITE A1
	Cash Credit	Long-term	INR 4.25 Cr	ACUITE A Stable
17th Jan 25	RAJURI STEELS AND TMT BARS PRIVATE LIMITED			Instrument & Lender Details RAJURI STEELS AND TMT BARS 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 + 8 = I am not a robot
	Bank Guarantee (BLR)	Short-term	INR 40 Cr	ACUITE A4+
	Bank Guarantee (BLR)	Short-term	INR 5 Cr	ACUITE A4+
	Cash Credit	Long-term	INR 20 Cr	ACUITE BB+ Stable
	Term Loan	Long-term	INR 12.56 Cr	ACUITE BB+ Stable
	Cash Credit	Long-term	INR 65 Cr	ACUITE BB+ Stable
	Term Loan	Long-term	INR 38.34 Cr	ACUITE BB+ Stable
	Proposed Long Term Bank Facility	Long-term	INR 0.1 Cr	ACUITE BB+ Stable
17th Jan 25	ROYAL CONCAST			Instrument & Lender Details ROYAL CONCAST To: CC: Note: By clicking on send button you shall be sharing a copy of rating release on the mentioned Email IDs. Captcha 4 + 4 = I am not a robot
	Working Capital Term Loan	Long-term	INR 1.75 Cr	ACUITE BB Stable
	Cash Credit	Long-term	INR 1.8 Cr	ACUITE BB Stable
	Cash Credit	Long-term	INR 12.7 Cr	ACUITE BB Stable
17th Jan 25	GRETA STEELS PRIVATE LIMITED (FORMERLY KNOWN AS GRETA STEELS LIMITED)			Instrument & Lender Details GRETA STEELS PRIVATE LIMITED (FORMERLY KNOWN AS GRETA STEELS 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
	Letter of Credit	Short-term	INR 15 Cr	ACUITE D
	Cash Credit	Long-term	INR 9 Cr	ACUITE D
17th Jan 25	SATYA SAI TRANSPORT			Instrument & Lender Details SATYA SAI TRANSPORT To: CC: Note: By clicking on send button you shall be sharing a copy of rating release on the mentioned Email IDs. Captcha 4 + 8 = I am not a robot
	Cash Credit	Long-term	INR 10 Cr	ACUITE BB+ Negative
17th Jan 25	MAC CHARLES INDIA LIMITED			Instrument & Lender Details MAC CHARLES 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 9 + 6 = I am not a robot
	Non-Covertible Debentures (NCD)	Long-term	INR 135 Cr	ACUITE BB
	Non-Covertible Debentures (NCD)	Long-term	INR 135 Cr	ACUITE BB
	Non-Covertible Debentures (NCD)	Long-term	INR 30 Cr	ACUITE BB
	Non-Covertible Debentures (NCD)	Long-term	INR 99.9 Cr	ACUITE BB
	Non-Covertible Debentures (NCD)	Long-term	INR 25 Cr	ACUITE BB
	Non-Covertible Debentures (NCD)	Long-term	INR 25 Cr	ACUITE BB
	Non-Covertible Debentures (NCD)	Long-term	INR 20 Cr	ACUITE BB
	Non-Covertible Debentures (NCD)	Long-term	INR 50 Cr	ACUITE BB
	Non-Covertible Debentures (NCD)	Long-term	INR 100.1 Cr	ACUITE BB
17th Jan 25	ANANYA FINANCE FOR INCLUSIVE GROWTH PRIVATE LIMITED			Instrument & Lender Details ANANYA FINANCE FOR INCLUSIVE GROWTH 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 + 4 = I am not a robot
	Proposed Long Term Bank Facility	Long-term	INR 112.89 Cr	ACUITE BBB- Stable
	Secured Overdraft	Long-term	INR 1 Cr	ACUITE BBB- Stable
	Non-Covertible Debentures (NCD)	Long-term	INR 20 Cr	ACUITE BBB- Stable
	Non-Covertible Debentures (NCD)	Long-term	INR 17 Cr	ACUITE BBB- Stable
	Proposed Non Convertible Debentures	Long-term	INR 0.28 Cr	ACUITE BBB- Stable
	Non-Covertible Debentures (NCD)	Long-term	INR 54 Cr	ACUITE BBB- Stable
	Term Loan	Long-term	INR 9 Cr	ACUITE BBB- Stable
	Term Loan	Long-term	INR 5.32 Cr	ACUITE BBB- Stable
	Secured Overdraft	Long-term	INR 1 Cr	ACUITE BBB- Stable
	Secured Overdraft	Long-term	INR 1 Cr	ACUITE BBB- Stable
	Term Loan	Long-term	INR 7.58 Cr	ACUITE BBB- Stable
	Term Loan	Long-term	INR 9.3 Cr	ACUITE BBB- Stable
	Term Loan	Long-term	INR 27.67 Cr	ACUITE BBB- Stable
	Non-Covertible Debentures (NCD)	Long-term	INR 12.72 Cr	ACUITE BBB- Stable
	Term Loan	Long-term	INR 11.67 Cr	ACUITE BBB- Stable
17th Jan 25	DEVIKA FIBRES PRIVATE LIMITED			Instrument & Lender Details DEVIKA FIBRES 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
	Bank Guarantee (BLR)	Short-term	INR 2 Cr	ACUITE A4+
	Cash Credit	Long-term	INR 6 Cr	ACUITE BB+ Stable
	Cash Credit	Long-term	INR 2 Cr	ACUITE BB+ Stable
	Term Loan	Long-term	INR 28.17 Cr	ACUITE BB+ Stable
	PC/PCFC	Long-term	INR 20 Cr	ACUITE BB+ Stable
	Term Loan	Long-term	INR 13.9 Cr	ACUITE BB+ Stable
	Term Loan	Long-term	INR 0.15 Cr	ACUITE BB+ Stable
	Cash Credit	Long-term	INR 12 Cr	ACUITE BB+ Stable
	Proposed Long Term Bank Facility	Long-term	INR 4.47 Cr	ACUITE BB+ Stable
16th Jan 25	ECOBOX INDUSTRIALS ASSET I PRIVATE LIMITED			Instrument & Lender Details ECOBOX INDUSTRIALS ASSET I 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
	Non-Covertible Debentures (NCD)	Long-term	INR 128 Cr	ACUITE BB+ Stable
	Proposed Non Convertible Debentures	Long-term	INR 14.69 Cr	ACUITE BB+ Stable
	Proposed Non Convertible Debentures	Long-term	INR 100 Cr	ACUITE BB+ Stable
	Proposed Non Convertible Debentures	Long-term	INR 5 Cr	ACUITE BB+ Stable
	Non-Covertible Debentures (NCD)	Long-term	INR 7.31 Cr	ACUITE BB+ Stable
16th Jan 25	FORACE SPECIALITY CHEM PRIVATE LIMITED			Instrument & Lender Details FORACE SPECIALITY 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 1 + 2 = I am not a robot
	Letter of Credit	Short-term	INR 20 Cr	ACUITE A1
	Cash Credit	Long-term	INR 80 Cr	ACUITE A- Stable
	Term Loan	Long-term	INR 13.23 Cr	ACUITE A- Stable
	Term Loan	Long-term	INR 25 Cr	ACUITE A- Stable
	Term Loan	Long-term	INR 2.44 Cr	ACUITE A- Stable
	Cash Credit	Long-term	INR 43 Cr	ACUITE A- Stable
	Term Loan	Long-term	INR 4.9 Cr	ACUITE A- Stable
	Term Loan	Long-term	INR 33.58 Cr	ACUITE A- Stable
	Proposed Long Term Bank Facility	Long-term	INR 168.5 Cr	ACUITE A- Stable
16th Jan 25	RADHA WINES			Instrument & Lender Details RADHA WINES 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 115 Cr	ACUITE BBB Stable
	Term Loan	Long-term	INR 9.11 Cr	ACUITE BBB Stable
	Proposed Long Term Bank Facility	Long-term	INR 6.64 Cr	ACUITE BBB Stable
16th Jan 25	ARTECH REALTORS PRIVATE LIMITED			Instrument & Lender Details ARTECH REALTORS 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 + 4 = I am not a robot
	Term Loan	Long-term	INR 8.39 Cr	ACUITE BBB- Stable
	Term Loan	Long-term	INR 12.71 Cr	ACUITE BBB- Stable
	Term Loan	Long-term	INR 3.21 Cr	ACUITE BBB- Stable
	Term Loan	Long-term	INR 37.2 Cr	ACUITE BBB- Stable
	Term Loan	Long-term	INR 12.3 Cr	ACUITE BBB- Stable
	Term Loan	Long-term	INR 18.91 Cr	ACUITE BBB- Stable
	Term Loan	Long-term	INR 14.71 Cr	ACUITE BBB- Stable
	Term Loan	Long-term	INR 14.4 Cr	ACUITE BBB- Stable
	Proposed Long Term Bank Facility	Long-term	INR 3.17 Cr	ACUITE BBB- Stable
16th Jan 25	JUPITER CAPITAL PRIVATE LIMITED			Instrument & Lender Details JUPITER CAPITAL 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 + 2 = I am not a robot
	Non-Covertible Debentures (NCD)	Long-term	INR 230 Cr	ACUITE A- Stable