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Date	Entity Name			Rating Action
14th Nov 22	VEDIKA CREDIT CAPITAL LIMITED - KIPLATFORM - M22 – 007			Instrument & Lender Details VEDIKA CREDIT CAPITAL LIMITED - KIPLATFORM - M22 – 007 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
	Pass Through Certificate	Long-term	INR 18.25 Cr	ACUITE A (SO )
	Pass Through Certificate	Long-term	INR 0.86 Cr	ACUITE BBB+ (SO )
14th Nov 22	BANSAL CONSTRUCTION WORKS PRIVATE LIMITED			Instrument & Lender Details BANSAL CONSTRUCTION WORKS 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
	Bank Guarantee (BLR)	Short-term	INR 170 Cr	ACUITE A3+
	Bank Guarantee (BLR)	Short-term	INR 105 Cr	ACUITE A3+
	Cash Credit	Long-term	INR 40 Cr	ACUITE BBB- Stable
	Term Loan	Long-term	INR 4.32 Cr	ACUITE BBB- Stable
	Bank Guarantee (BLR)	Short-term	INR 75 Cr	ACUITE A3+
	Cash Credit	Long-term	INR 75 Cr	ACUITE BBB- Stable
	Term Loan	Long-term	INR 7.52 Cr	ACUITE BBB- Stable
	Cash Credit	Long-term	INR 35 Cr	ACUITE BBB- Stable
	Term Loan	Long-term	INR 3 Cr	ACUITE BBB- Stable
	Proposed Long Term Bank Facility	Long-term	INR 0.16 Cr	ACUITE BBB- Stable
14th Nov 22	SKYWAY RMC PLANTS PRIVATE LIMITED			Instrument & Lender Details SKYWAY RMC PLANTS 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 15 Cr	ACUITE A3
	Cash Credit	Long-term	INR 35 Cr	ACUITE BBB- Positive
	Letter of Credit	Short-term	INR 7.5 Cr	ACUITE A3
	Bills Discounting	Short-term	INR 5 Cr	ACUITE A3
	Cash Credit	Long-term	INR 40 Cr	ACUITE BBB- Positive
	Cash Credit	Long-term	INR 32.5 Cr	ACUITE BBB- Positive
14th Nov 22	ASREC INDIA LIMITED			Instrument & Lender Details ASREC 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 6 + 3 = I am not a robot
	Proposed Cash Credit	Long-term	INR 52.74 Cr	ACUITE BBB+
	External Commercial Borrowing	Long-term	INR 37.26 Cr	ACUITE BBB+
	Secured Overdraft	Long-term	INR 10 Cr	ACUITE BBB+
11th Nov 22	MOTHER INDIA CONSTRUCTION PRIVATE LIMITED			Instrument & Lender Details MOTHER INDIA CONSTRUCTION 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 25 Cr	ACUITE A4
	Secured Overdraft	Long-term	INR 1.8 Cr	ACUITE B+
11th Nov 22	KONTEST CHEMICALS LIMITED			Instrument & Lender Details KONTEST CHEMICALS 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 5.3 Cr	ACUITE B+
	Working Capital Term Loan	Long-term	INR 0.7 Cr	ACUITE B+
11th Nov 22	SAURASHTRA SPECIALITIES PRIVATE LIMITED			Instrument & Lender Details SAURASHTRA SPECIALITIES 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 + 1 = I am not a robot
	Cash Credit	Long-term	INR 5.5 Cr	ACUITE C
	Term Loan	Long-term	INR 7.4 Cr	ACUITE C
	Term Loan	Long-term	INR 2.35 Cr	ACUITE C
11th Nov 22	AUTO AXIS PRIVATE LIMITED			Instrument & Lender Details AUTO AXIS 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 + 5 = I am not a robot
	Inventory Funding	Long-term	INR 4 Cr	ACUITE BB- Stable
	Channel/Dealer/Vendor Financing	Short-term	INR 7 Cr	ACUITE A4
	Cash Credit	Long-term	INR 6 Cr	ACUITE BB- Stable
	Cash Credit	Long-term	INR 2 Cr	ACUITE BB- Stable
	Cash Credit	Long-term	INR 15.5 Cr	ACUITE BB- Stable
11th Nov 22	Shristi Cotspin Private Limited			Instrument & Lender Details Shristi Cotspin 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 + 8 = I am not a robot
	FBN/FBP/FBD/PSFC/FBE	Short-term	INR 9 Cr	ACUITE A4+
	PC/PCFC	Short-term	INR 5 Cr	ACUITE A4+
	FBN/FBP/FBD/PSFC/FBE	Short-term	INR 4.93 Cr	ACUITE A4+
	Term Loan	Long-term	INR 2.73 Cr	ACUITE BB+ Stable
	Secured Overdraft	Long-term	INR 6 Cr	ACUITE BB+ Stable
	FBN/FBP/FBD/PSFC/FBE	Short-term	INR 10 Cr	ACUITE A4+
	Proposed Long Term Loan	Long-term	INR 2 Cr	ACUITE BB+ Stable
	Term Loan	Long-term	INR 13 Cr	ACUITE BB+ Stable
	Term Loan	Long-term	INR 11.5 Cr	ACUITE BB+ Stable
	Cash Credit	Long-term	INR 17 Cr	ACUITE BB+ Stable
	Term Loan	Long-term	INR 12.09 Cr	ACUITE BB+ Stable
11th Nov 22	UNITY SMALL FINANCE BANK LIMITED			Instrument & Lender Details UNITY SMALL FINANCE BANK 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 + 2 = I am not a robot
	Principal protected market linked debentures	Long-term	INR 112.26 Cr	ACUITE PP-MLD A- Stable
	Proposed principal protected market linked debentures	Long-term	INR 262.74 Cr	ACUITE PP-MLD A- Stable
11th Nov 22	MUFIN GREEN FINANCE LIMITED (ERSTWHILE APM FINVEST LIMITED)			Instrument & Lender Details MUFIN GREEN FINANCE LIMITED (ERSTWHILE APM FINVEST 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
	Term Loan	Long-term	INR 14.46 Cr	ACUITE BBB Stable
	Proposed Long Term Bank Facility	Long-term	INR 85.54 Cr	ACUITE BBB Stable
11th Nov 22	SHRISHRI INFRASTRUCTURE PRIVATE LIMITED			Instrument & Lender Details SHRISHRI 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 + 9 = I am not a robot
	Proposed Long Term Bank Facility	Long-term	INR 11.5 Cr	ACUITE B+
	Cash Credit	Long-term	INR 3.5 Cr	ACUITE B+
11th Nov 22	EMBASSY PROPERTY DEVELOPMENTS PRIVATE LIMITED			Instrument & Lender Details EMBASSY PROPERTY DEVELOPMENTS 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 + 8 = I am not a robot
	Non-Covertible Debentures (NCD)	Long-term	INR 275 Cr	ACUITE PP-MLD C
	Non-Covertible Debentures (NCD)	Long-term	INR 1080 Cr	ACUITE PP-MLD C
	Non-Covertible Debentures (NCD)	Long-term	INR 750 Cr	ACUITE PP-MLD C
	Non-Covertible Debentures (NCD)	Long-term	INR 600 Cr	ACUITE PP-MLD C
	Non-Covertible Debentures (NCD)	Long-term	INR 200 Cr	ACUITE PP-MLD C
11th Nov 22	AARSH FINCON LIMITED (ERSTWHILE AKME FINCON LIMITED)			Instrument & Lender Details AARSH FINCON LIMITED (ERSTWHILE AKME FINCON 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 24.58 Cr	ACUITE BBB- Stable
	Dropline Overdraft	Long-term	INR 0.5 Cr	ACUITE BBB- Stable
	Term Loan	Long-term	INR 0.47 Cr	ACUITE BBB- Stable
	Proposed Long Term Bank Facility	Long-term	INR 6.49 Cr	ACUITE BBB- Stable
	Term Loan	Long-term	INR 0.17 Cr	ACUITE BBB- Stable
	Term Loan	Long-term	INR 0.72 Cr	ACUITE BBB- Stable
	Term Loan	Long-term	INR 3.72 Cr	ACUITE BBB- Stable
	Term Loan	Long-term	INR 1.48 Cr	ACUITE BBB- Stable
	Term Loan	Long-term	INR 0.97 Cr	ACUITE BBB- Stable
	Term Loan	Long-term	INR 10 Cr	ACUITE BBB- Stable
	Term Loan	Long-term	INR 0.9 Cr	ACUITE BBB- Stable
10th Nov 22	RANSAN PACKAGING PRIVATE LIMITED			Instrument & Lender Details RANSAN PACKAGING 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 + 7 = I am not a robot
	Cash Credit	Long-term	INR 2 Cr	ACUITE D
	Term Loan	Long-term	INR 5.6 Cr	ACUITE D
	Letter of Credit	Short-term	INR 3 Cr	ACUITE D
10th Nov 22	MOURYA AQUEX PRIVATE LIMITED			Instrument & Lender Details MOURYA AQUEX 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 + 3 = I am not a robot
	Term Loan	Long-term	INR 20 Cr	ACUITE B
	Term Loan	Long-term	INR 10 Cr	ACUITE B
	PC/PCFC	Short-term	INR 5 Cr	ACUITE A4
	Bills Discounting	Short-term	INR 10 Cr	ACUITE A4
10th Nov 22	SINCO COMMUNICATION (INDIA) PRIVATE LIMITED			Instrument & Lender Details SINCO COMMUNICATION (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 3 + 1 = I am not a robot
	Cash Credit	Long-term	INR 4 Cr	ACUITE B
	Proposed Long Term Bank Facility	Long-term	INR 1.15 Cr	ACUITE B
	Bank Guarantee/Letter of Guarantee	Short-term	INR 1.85 Cr	ACUITE A4
10th Nov 22	ANNAPURNA AGRO PRODUCTS			Instrument & Lender Details ANNAPURNA AGRO PRODUCTS 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
	Term Loan	Long-term	INR 5.74 Cr	ACUITE B
	Cash Credit	Long-term	INR 8 Cr	ACUITE B
	Proposed Long Term Bank Facility	Long-term	INR 2.26 Cr	ACUITE B
10th Nov 22	UNIQUE STRUCTURES AND TOWERS LIMITED			Instrument & Lender Details UNIQUE STRUCTURES AND TOWERS 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 2.25 Cr	ACUITE A3
	Bank Guarantee (BLR)	Short-term	INR 39.76 Cr	ACUITE A3
	Bank Guarantee (BLR)	Short-term	INR 35.78 Cr	ACUITE A3
	Proposed Short Term Bank Facility	Short-term	INR 9.53 Cr	ACUITE A3
	Cash Credit	Long-term	INR 11 Cr	ACUITE BBB- Stable
	Working Capital Demand Loan (WCDL)	Long-term	INR 2.92 Cr	ACUITE BBB- Stable
	Letter of Credit	Short-term	INR 2.25 Cr	ACUITE A3
	Cash Credit	Long-term	INR 11 Cr	ACUITE BBB- Stable
	Working Capital Demand Loan (WCDL)	Long-term	INR 2.51 Cr	ACUITE BBB- Stable
10th Nov 22	S.M.I.L.E MICROFINANCE LIMITED			Instrument & Lender Details S.M.I.L.E 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 4 + 7 = I am not a robot
	Term Loan	Long-term	INR 5 Cr	ACUITE BBB
	Term Loan	Long-term	INR 3.59 Cr	ACUITE BBB
	Term Loan	Long-term	INR 7.73 Cr	ACUITE BBB
	Term Loan	Long-term	INR 5.34 Cr	ACUITE BBB
	Term Loan	Long-term	INR 9.99 Cr	ACUITE BBB
	Term Loan	Long-term	INR 4.17 Cr	ACUITE BBB
	Cash Credit	Long-term	INR 2 Cr	ACUITE BBB
	Term Loan	Long-term	INR 3.71 Cr	ACUITE BBB
	Term Loan	Long-term	INR 10 Cr	ACUITE BBB
	Proposed Long Term Bank Facility	Long-term	INR 198.47 Cr	ACUITE BBB