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Date	Entity Name			Rating Action
11th May 22	SRI PARAMESWARA POULTRY FARM PRIVATE LIMITED			Instrument & Lender Details SRI PARAMESWARA POULTRY FARM 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 + 6 = I am not a robot
	Cash Credit	Long-term	INR 21.00 Cr	ACUITE D
	Term Loan	Long-term	INR 50.16 Cr	ACUITE D
	Working Capital Term Loan	Long-term	INR 16.00 Cr	ACUITE D
	Proposed Long Term Loan	Long-term	INR 2.84 Cr	ACUITE D
11th May 22	UNITED POLYFAB GUJARAT LIMITED			Instrument & Lender Details UNITED POLYFAB GUJARAT 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
	Cash Credit	Long-term	INR 2.00 Cr	ACUITE BB-
	Cash Credit	Long-term	INR 7.00 Cr	ACUITE BB-
	Term Loan	Long-term	INR 7.10 Cr	ACUITE BB-
	Term Loan	Long-term	INR 4.66 Cr	ACUITE BB-
	Term Loan	Long-term	INR 23.65 Cr	ACUITE BB-
	Term Loan	Long-term	INR 27.37 Cr	ACUITE BB-
	Cash Credit	Long-term	INR 5.00 Cr	ACUITE BB-
	Term Loan	Long-term	INR 6.89 Cr	ACUITE BB-
	Term Loan	Long-term	INR 3.17 Cr	ACUITE BB-
	Cash Credit	Long-term	INR 6.00 Cr	ACUITE BB-
	Term Loan	Long-term	INR 14.22 Cr	ACUITE BB-
	Bank Guarantee (BLR)	Short-term	INR 4.00 Cr	ACUITE A4
	Bank Guarantee (BLR)	Short-term	INR 1.50 Cr	ACUITE A4
	Proposed Long Term Bank Facility	Long-term	INR 27.44 Cr	ACUITE BB-
11th May 22	LIGARE AVIATION LIMITED			Instrument & Lender Details LIGARE AVIATION 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 + 5 = I am not a robot
	Bank Guarantee/Letter of Guarantee	Short-term	INR 40.00 Cr	ACUITE A4
	Cash Credit	Long-term	INR 5.00 Cr	ACUITE B-
	Term Loan	Long-term	INR 69.44 Cr	ACUITE B-
	Term Loan	Long-term	INR 75.00 Cr	ACUITE B-
	Term Loan	Long-term	INR 14.99 Cr	ACUITE B-
	Proposed Long Term Loan	Long-term	INR 53.90 Cr	ACUITE B-
	Term Loan	Long-term	INR 150.00 Cr	ACUITE B-
11th May 22	CONSTRUCTION TECHNIQUE			Instrument & Lender Details CONSTRUCTION TECHNIQUE 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
	Cash Credit	Long-term	INR 4.50 Cr	ACUITE B+
	Letter of Credit	Short-term	INR 6.50 Cr	ACUITE A4
11th May 22	MAHARASHTRA ACADEMY OF ENGINEERING AND EDUCATIONAL RESEARCH			Instrument & Lender Details MAHARASHTRA ACADEMY OF ENGINEERING AND EDUCATIONAL RESEARCH 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
	Term Loan	Long-term	INR 20 Cr	ACUITE BB-
	Term Loan	Long-term	INR 20 Cr	ACUITE BB-
	Term Loan	Long-term	INR 25 Cr	ACUITE BB-
	Term Loan	Long-term	INR 25 Cr	ACUITE BB-
	Cash Credit	Long-term	INR 114.5 Cr	ACUITE BB-
	Cash Credit	Long-term	INR 114.5 Cr	ACUITE BB-
	Term Loan	Long-term	INR 10.22 Cr	ACUITE BB-
	Term Loan	Long-term	INR 10.22 Cr	ACUITE BB-
	Term Loan	Long-term	INR 7.86 Cr	ACUITE BB-
	Term Loan	Long-term	INR 7.86 Cr	ACUITE BB-
	Term Loan	Long-term	INR 20.00 Cr	ACUITE BB-
	Term Loan	Long-term	INR 20.00 Cr	ACUITE BB-
	Term Loan	Long-term	INR 25.00 Cr	ACUITE BB-
	Bank Guarantee/Letter of Guarantee	Short-term	INR 25.00 Cr	ACUITE A4+
	Term Loan	Long-term	INR 25.00 Cr	ACUITE BB-
	Term Loan	Long-term	INR 30.00 Cr	ACUITE BB-
	Cash Credit	Long-term	INR 114.50 Cr	ACUITE BB-
	Cash Credit	Long-term	INR 114.50 Cr	ACUITE BB-
	Term Loan	Long-term	INR 7.50 Cr	ACUITE BB-
	Term Loan	Long-term	INR 10.22 Cr	ACUITE BB-
	Term Loan	Long-term	INR 10.22 Cr	ACUITE BB-
	Term Loan	Long-term	INR 9.92 Cr	ACUITE BB-
	Term Loan	Long-term	INR 7.86 Cr	ACUITE BB-
	Term Loan	Long-term	INR 7.86 Cr	ACUITE BB-
	Term Loan	Long-term	INR 10.00 Cr	ACUITE BB-
10th May 22	SRI SAVITR SOLAR PRIVATE LIMITED			Instrument & Lender Details SRI SAVITR SOLAR 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 0.64 Cr	ACUITE D
	Term Loan	Long-term	INR 4.95 Cr	ACUITE D
	Cash Credit	Long-term	INR 28.30 Cr	ACUITE D
	Cash Credit	Long-term	INR 5.50 Cr	ACUITE D
	Proposed Long Term Bank Facility	Long-term	INR 1.70 Cr	ACUITE D
	Proposed Long Term Bank Facility	Long-term	INR 2.05 Cr	ACUITE D
	Bank Guarantee (BLR)	Short-term	INR 1.00 Cr	ACUITE D
	Bank Guarantee (BLR)	Short-term	INR 2.50 Cr	ACUITE D
	Covid Emergency Line.	Long-term	INR 8.36 Cr	ACUITE D
10th May 22	PARVEEN TRAVELS PRIVATE LIMITED			Instrument & Lender Details PARVEEN TRAVELS 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 + 3 = I am not a robot
	Term Loan	Long-term	INR 52.00 Cr	ACUITE D
	Cash Credit	Long-term	INR 44.00 Cr	ACUITE D
	Proposed Long Term Bank Facility	Long-term	INR 4.00 Cr	ACUITE D
10th May 22	INDEL MONEY LIMITED (ERSTWHILE INDEL MONEY PRIVATE LIMITED)			Instrument & Lender Details INDEL MONEY LIMITED (ERSTWHILE INDEL MONEY 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
	Cash Credit	Long-term	INR 15.00 Cr	ACUITE BBB+ Stable
	Term Loan	Long-term	INR 35.00 Cr	ACUITE BBB+ Stable
	Cash Credit	Long-term	INR 20.00 Cr	ACUITE BBB+ Stable
	Cash Credit	Long-term	INR 7.50 Cr	ACUITE BBB+ Stable
	Term Loan	Long-term	INR 30.00 Cr	ACUITE BBB+ Stable
	Term Loan	Long-term	INR 20.00 Cr	ACUITE BBB+ Stable
	Term Loan	Long-term	INR 25.00 Cr	ACUITE BBB+ Stable
	Cash Credit	Long-term	INR 7.50 Cr	ACUITE BBB+ Stable
	Cash Credit	Long-term	INR 2.50 Cr	ACUITE BBB+ Stable
	Term Loan	Long-term	INR 15.00 Cr	ACUITE BBB+ Stable
	Proposed Long Term Loan	Long-term	INR 10.00 Cr	ACUITE Provisional A (CE) Stable
	Proposed Secured Non-Convertible Debentures	Long-term	INR 100.00 Cr	ACUITE BBB+ Stable
10th May 22	YFC PROJECTS PRIVATE LIMITED			Instrument & Lender Details YFC PROJECTS 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
	Term Loan	Long-term	INR 1.87 Cr	ACUITE BB+
	Cash Credit	Long-term	INR 38.50 Cr	ACUITE BB+
	Bank Guarantee/Letter of Guarantee	Short-term	INR 225.00 Cr	ACUITE A4+
	Letter of Credit	Short-term	INR 20.00 Cr	ACUITE A4+
	Cash Credit	Long-term	INR 20.00 Cr	ACUITE BB+
	Bank Guarantee/Letter of Guarantee	Short-term	INR 30.00 Cr	ACUITE A4+
	Bank Guarantee/Letter of Guarantee	Short-term	INR 70.00 Cr	ACUITE A4+
	Bank Guarantee (BLR)	Short-term	INR 75.00 Cr	ACUITE A4+
	Bank Guarantee (BLR)	Short-term	INR 14.30 Cr	ACUITE A4+
	Bank Guarantee (BLR)	Short-term	INR 29.30 Cr	ACUITE A4+
	Bank Guarantee (BLR)	Short-term	INR 3.00 Cr	ACUITE A4+
10th May 22	MADRAS FERTILIZERS LIMITED			Instrument & Lender Details MADRAS FERTILIZERS 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
	Cash Credit	Long-term	INR 191.40 Cr	ACUITE BB+ Positive
	Letter of Credit	Short-term	INR 310.00 Cr	ACUITE A4+
	Covid Emergency Line.	Long-term	INR 2.12 Cr	ACUITE BB+ Positive
	Cash Credit	Long-term	INR 100 Cr	ACUITE BB+ Positive
	Letter of Credit	Short-term	INR 130.00 Cr	ACUITE A4+
	Proposed Long Term Bank Facility	Long-term	INR 9.78 Cr	ACUITE BB+ Positive
10th May 22	MKM DIAMONDS PRIVATE LIMITED			Instrument & Lender Details MKM DIAMONDS 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 + 1 = I am not a robot
	Bills Discounting	Long-term	INR 22 Cr	ACUITE BBB- Stable
10th May 22	JAGARAN MICROFIN PRIVATE LIMITED			Instrument & Lender Details JAGARAN MICROFIN 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 + 1 = I am not a robot
	Term Loan	Long-term	INR 2.08 Cr	ACUITE BBB Negative
	Term Loan	Long-term	INR 6.71 Cr	ACUITE BBB Negative
	Term Loan	Long-term	INR 2.21 Cr	ACUITE BBB Negative
	Term Loan	Long-term	INR 1.75 Cr	ACUITE BBB Negative
	Term Loan	Long-term	INR 4 Cr	ACUITE BBB Negative
	Term Loan	Long-term	INR 9.38 Cr	ACUITE BBB Negative
	Term Loan	Long-term	INR 11.35 Cr	ACUITE BBB Negative
	Term Loan	Long-term	INR 4.61 Cr	ACUITE BBB Negative
	Term Loan	Long-term	INR 0.17 Cr	ACUITE BBB Negative
	Term Loan	Long-term	INR 0.79 Cr	ACUITE BBB Negative
	Term Loan	Long-term	INR 1.23 Cr	ACUITE BBB Negative
	Proposed Long Term Bank Facility	Long-term	INR 56.47 Cr	ACUITE BBB Negative
	Proposed Long Term Bank Facility	Long-term	INR 116.54 Cr	ACUITE BBB Negative
	Term Loan	Long-term	INR 0.27 Cr	ACUITE BBB Negative
	Term Loan	Long-term	INR 1.50 Cr	ACUITE BBB Negative
	Term Loan	Long-term	INR 6.67 Cr	ACUITE BBB Negative
	Term Loan	Long-term	INR 31.82 Cr	ACUITE BBB Negative
	Term Loan	Long-term	INR 25.02 Cr	ACUITE BBB Negative
	Term Loan	Long-term	INR 1 Cr	ACUITE BBB Negative
	Term Loan	Long-term	INR 20 Cr	ACUITE BBB Negative
	Term Loan	Long-term	INR 23.17 Cr	ACUITE BBB Negative
	Term Loan	Long-term	INR 12.5 Cr	ACUITE BBB Negative
	Term Loan	Long-term	INR 30.76 Cr	ACUITE BBB Negative
	Term Loan	Long-term	INR 30 Cr	ACUITE BBB Negative
10th May 22	TEJAS CONSTRUCTIONS AND INFRASTRUCTURE PRIVATE LIMITED			Instrument & Lender Details TEJAS CONSTRUCTIONS AND 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 7 + 3 = I am not a robot
	Cash Credit	Long-term	INR 15.00 Cr	ACUITE BBB- Stable
	Cash Credit	Long-term	INR 14.00 Cr	ACUITE BBB- Stable
	Cash Credit	Long-term	INR 6.00 Cr	ACUITE BBB- Stable
	Letter of Credit	Short-term	INR 5.00 Cr	ACUITE A3
	Bank Guarantee/Letter of Guarantee	Short-term	INR 29.00 Cr	ACUITE A3
	Bank Guarantee/Letter of Guarantee	Short-term	INR 30.00 Cr	ACUITE A3
	Bank Guarantee/Letter of Guarantee	Short-term	INR 4.00 Cr	ACUITE A3
	Proposed Long Term Bank Facility	Long-term	INR 22.00 Cr	ACUITE BBB- Stable
10th May 22	GIMA MANUFACTURING PRIVATE LIMITED			Instrument & Lender Details GIMA MANUFACTURING 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 + 6 = I am not a robot
	Term Loan	Long-term	INR 2.54 Cr	ACUITE A- Stable
	Term Loan	Long-term	INR 1.21 Cr	ACUITE A- Stable
	Cash Credit	Long-term	INR 10.50 Cr	ACUITE A- Stable
	Cash Credit	Long-term	INR 3.25 Cr	ACUITE A- Stable
	Cash Credit	Long-term	INR 5.00 Cr	ACUITE A- Stable
10th May 22	DR. NAMJOSHI HOSPITAL PRIVATE LIMITED			Instrument & Lender Details DR. NAMJOSHI HOSPITAL 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 + 6 = I am not a robot
	Term Loan	Long-term	INR 86.83 Cr	ACUITE BBB- Stable
	Term Loan	Long-term	INR 98.00 Cr	ACUITE BBB- Stable
	Proposed Long Term Bank Facility	Long-term	INR 45.17 Cr	ACUITE BBB- Stable
9th May 22	LAHOTY BROTHERS PRIVATE LIMITED			Instrument & Lender Details LAHOTY BROTHERS 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 + 5 = I am not a robot
	Cash Credit	Long-term	INR 15.00 Cr	ACUITE BBB- Stable
	Covid Emergency Line.	Long-term	INR 1.10 Cr	ACUITE BBB- Stable
	Covid Emergency Line.	Long-term	INR 0.75 Cr	ACUITE BBB- Stable
	Proposed Long Term Loan	Long-term	INR 4.65 Cr	ACUITE BBB- Stable
9th May 22	PLUS MAX DUTY FREE PRIVATE LIMITED			Instrument & Lender Details PLUS MAX DUTY FREE 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 + 9 = I am not a robot
	Secured Overdraft	Long-term	INR 2.00 Cr	ACUITE B+
	Proposed Long Term Bank Facility	Long-term	INR 20.47 Cr	ACUITE B+
	Bank Guarantee/Letter of Guarantee	Short-term	INR 12.53 Cr	ACUITE A4
9th May 22	SAAJ AGRO FOODS PRIVATE LIMITED			Instrument & Lender Details SAAJ AGRO FOODS 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
	Term Loan	Long-term	INR 5.80 Cr	ACUITE B
	Cash Credit	Long-term	INR 3.80 Cr	ACUITE B
	Bank Guarantee/Letter of Guarantee	Short-term	INR 0.30 Cr	ACUITE A4
9th May 22	PUTHUPALAYAM TIMBER INDUSTRIES			Instrument & Lender Details PUTHUPALAYAM TIMBER INDUSTRIES 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
	Proposed Long Term Bank Facility	Long-term	INR 1.50 Cr	ACUITE B Stable
	Letter of Credit	Short-term	INR 9.50 Cr	ACUITE A4
9th May 22	BANSAL PATHWAYS PRIVATE LIMITED			Instrument & Lender Details BANSAL PATHWAYS 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
	Term Loan	Long-term	INR 25.00 Cr	ACUITE BB-