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Date	Entity Name			Rating Action
11th Feb 25	ARROWLINE REALESTATE PRIVATE LIMITED			Instrument & Lender Details ARROWLINE REALESTATE 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 + 7 = I am not a robot
	Bank Guarantee/Letter of Guarantee	Short-term	INR 2 Cr	ACUITE A3+
	Lease Rental Discounting	Long-term	INR 27.52 Cr	ACUITE BBB Stable
	Term Loan	Long-term	INR 55 Cr	ACUITE BBB Stable
	Proposed Long Term Bank Facility	Long-term	INR 2.74 Cr	ACUITE BBB Stable
	Lease Rental Discounting	Long-term	INR 27.9 Cr	ACUITE BBB Stable
11th Feb 25	CHALICE REAL ESTATE LLP			Instrument & Lender Details CHALICE REAL ESTATE LLP 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
	Bank Guarantee (BLR)	Short-term	INR 0.4 Cr	ACUITE A3+
	Bank Guarantee (BLR)	Short-term	INR 15.5 Cr	ACUITE A3+
	Proposed Long Term Bank Facility	Long-term	INR 0.76 Cr	ACUITE BBB Stable
	Term Loan	Long-term	INR 65 Cr	ACUITE BBB Stable
	Term Loan	Long-term	INR 50 Cr	ACUITE BBB Stable
	Term Loan	Long-term	INR 80 Cr	ACUITE BBB Stable
11th Feb 25	PROMAC ENGINEERING INDUSTRIES LIMITED			Instrument & Lender Details PROMAC ENGINEERING INDUSTRIES 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 7 Cr	ACUITE A3
	Bank Guarantee (BLR)	Short-term	INR 20 Cr	ACUITE A3
	Bank Guarantee/Letter of Guarantee	Short-term	INR 21 Cr	ACUITE A3
	Bank Guarantee/Letter of Guarantee	Short-term	INR 10 Cr	ACUITE A3
	Letter of Credit	Short-term	INR 6.5 Cr	ACUITE A3
	Bank Guarantee (BLR)	Short-term	INR 5.44 Cr	ACUITE A3
	Bank Guarantee (BLR)	Short-term	INR 4.56 Cr	ACUITE A3
	Proposed Long Term Loan	Long-term	INR 4.2 Cr	ACUITE BBB- Stable
	Cash Credit	Long-term	INR 4 Cr	ACUITE BBB- Stable
	Cash Credit	Long-term	INR 7 Cr	ACUITE BBB- Stable
	Cash Credit	Long-term	INR 10 Cr	ACUITE BBB- Stable
	Term Loan	Long-term	INR 8.24 Cr	ACUITE BBB- Stable
	Term Loan	Long-term	INR 34.06 Cr	ACUITE BBB- Stable
	Cash Credit	Long-term	INR 8 Cr	ACUITE BBB- Stable
11th Feb 25	SAKTHI ACCUMULATORS PRIVATE LIMITED			Instrument & Lender Details SAKTHI ACCUMULATORS 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
	Cash Credit	Long-term	INR 11 Cr	ACUITE C
	Covid Emergency Line.	Long-term	INR 1.82 Cr	ACUITE C
	Term Loan	Long-term	INR 20 Cr	ACUITE C
	Covid Emergency Line.	Long-term	INR 2.71 Cr	ACUITE C
	Proposed Long Term Bank Facility	Long-term	INR 3.47 Cr	ACUITE C
	Cash Credit	Long-term	INR 11 Cr	ACUITE C
11th Feb 25	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 3 + 4 = I am not a robot
	Term Loan	Long-term	INR 5.68 Cr	ACUITE BBB+ Stable
	Cash Credit	Long-term	INR 16 Cr	ACUITE BBB+ Stable
	Cash Credit	Long-term	INR 7.5 Cr	ACUITE BBB+ Stable
	Term Loan	Long-term	INR 30 Cr	ACUITE BBB+ Stable
	Term Loan	Long-term	INR 7 Cr	ACUITE BBB+ Stable
	Term Loan	Long-term	INR 18.23 Cr	ACUITE BBB+ Stable
	Cash Credit	Long-term	INR 10 Cr	ACUITE BBB+ Stable
	Term Loan	Long-term	INR 5.91 Cr	ACUITE BBB+ Stable
	Non-Covertible Debentures (NCD)	Long-term	INR 21.01 Cr	ACUITE BBB+ Stable
	Non-Covertible Debentures (NCD)	Long-term	INR 6.89 Cr	ACUITE BBB+ Stable
	Proposed Long Term Loan	Long-term	INR 47.06 Cr	ACUITE BBB+ Stable
	Proposed Long Term Loan	Long-term	INR 30.14 Cr	ACUITE BBB+ Stable
10th Feb 25	USM HEALTHCARE			Instrument & Lender Details USM HEALTHCARE To: CC: Note: By clicking on send button you shall be sharing a copy of rating release on the mentioned Email IDs. Captcha 5 + 8 = I am not a robot
	Term Loan	Long-term	INR 0.04 Cr	ACUITE BB Stable
	Cash Credit	Long-term	INR 8.59 Cr	ACUITE BB Stable
	Cash Credit	Long-term	INR 1.41 Cr	ACUITE BB Stable
	Proposed Long Term Bank Facility	Long-term	INR 0.38 Cr	ACUITE BB Stable
10th Feb 25	MARWADI SHARES AND FINANCE LIMITED			Instrument & Lender Details MARWADI SHARES AND FINANCE 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
	Principal protected market linked debentures	Long-term	INR 100 Cr	ACUITE Not Applicable
10th Feb 25	RAMKRUSHNA SPINNING MILLS PRIVATE LIMITED			Instrument & Lender Details RAMKRUSHNA SPINNING 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 + 9 = I am not a robot
	Bank Guarantee/Letter of Guarantee	Short-term	INR 1.5 Cr	ACUITE A4+
	Cash Credit	Long-term	INR 7 Cr	ACUITE BB+
	Term Loan	Long-term	INR 10.17 Cr	ACUITE BB+
	Term Loan	Long-term	INR 2.27 Cr	ACUITE BB+
	Proposed Long Term Bank Facility	Long-term	INR 16.99 Cr	ACUITE BB+
	Working Capital Term Loan	Long-term	INR 2.43 Cr	ACUITE BB+
	Term Loan	Long-term	INR 4.87 Cr	ACUITE BB+
	Working Capital Term Loan	Long-term	INR 2.57 Cr	ACUITE BB+
10th Feb 25	RELIABLE AUTOMOTIVE PRIVATE LIMITED			Instrument & Lender Details RELIABLE AUTOMOTIVE 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
	Channel/Dealer/Vendor Financing	Long-term	INR 20 Cr	ACUITE BB+
	Cash Credit	Long-term	INR 4.05 Cr	ACUITE BB+
	Channel/Dealer/Vendor Financing	Long-term	INR 0.95 Cr	ACUITE BB+
	Channel/Dealer/Vendor Financing	Long-term	INR 15 Cr	ACUITE BB+
	Channel/Dealer/Vendor Financing	Long-term	INR 10 Cr	ACUITE BB+
	Channel/Dealer/Vendor Financing	Long-term	INR 10 Cr	ACUITE BB+
	Channel/Dealer/Vendor Financing	Long-term	INR 19.5 Cr	ACUITE BB+
	Channel/Dealer/Vendor Financing	Long-term	INR 20.5 Cr	ACUITE BB+
10th Feb 25	NANDANA METALS AND MINING LIMITED			Instrument & Lender Details NANDANA METALS AND MINING 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 25 Cr	ACUITE BBB- Stable
	Proposed Cash Credit	Long-term	INR 25 Cr	ACUITE BBB- Stable
10th Feb 25	C SQUARE HEALTHCARE PRIVATE LIMITED			Instrument & Lender Details C SQUARE HEALTHCARE 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 2 Cr	ACUITE C
	Term Loan	Long-term	INR 9.01 Cr	ACUITE C
	Cash Credit	Long-term	INR 2 Cr	ACUITE C
	Term Loan	Long-term	INR 7.32 Cr	ACUITE C
	Working Capital Term Loan	Long-term	INR 0.99 Cr	ACUITE C
	Working Capital Term Loan	Long-term	INR 1.07 Cr	ACUITE C
	Working Capital Term Loan	Long-term	INR 0.9 Cr	ACUITE C
	Working Capital Term Loan	Long-term	INR 1.13 Cr	ACUITE C
	Working Capital Term Loan	Long-term	INR 1.99 Cr	ACUITE C
	Working Capital Term Loan	Long-term	INR 1.34 Cr	ACUITE C
	Proposed Long Term Bank Facility	Long-term	INR 1.91 Cr	ACUITE C
	Term Loan	Long-term	INR 0.21 Cr	ACUITE C
10th Feb 25	CRESCENT BUILDERS			Instrument & Lender Details CRESCENT BUILDERS To: CC: Note: By clicking on send button you shall be sharing a copy of rating release on the mentioned Email IDs. Captcha 5 + 2 = I am not a robot
	Term Loan	Long-term	INR 10 Cr	ACUITE B
10th Feb 25	IMPRESSION FURNITURE INDUSTRIES			Instrument & Lender Details IMPRESSION FURNITURE 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 + 6 = I am not a robot
	Bank Guarantee/Letter of Guarantee	Short-term	INR 1.5 Cr	ACUITE A4
	Cash Credit	Long-term	INR 6 Cr	ACUITE B
10th Feb 25	Innovative Microfinance For Poverty Alleviation And Community Transformation			Instrument & Lender Details Innovative Microfinance For Poverty Alleviation And Community Transformation 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 3.75 Cr	ACUITE B-
	Term Loan	Long-term	INR 9.54 Cr	ACUITE B-
	Term Loan	Long-term	INR 9.5 Cr	ACUITE B-
	Term Loan	Long-term	INR 5 Cr	ACUITE B-
	Term Loan	Long-term	INR 2 Cr	ACUITE B-
	Term Loan	Long-term	INR 5 Cr	ACUITE B-
	Proposed Long Term Bank Facility	Long-term	INR 0.01 Cr	ACUITE B-
10th Feb 25	KAIZEN AUTO			Instrument & Lender Details KAIZEN AUTO 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
	Cash Credit	Long-term	INR 5.5 Cr	ACUITE D
	Term Loan	Long-term	INR 14.5 Cr	ACUITE D
10th Feb 25	KALINGA CABLES AND CONDUIT COMPANY			Instrument & Lender Details KALINGA CABLES AND CONDUIT COMPANY 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
	Bank Guarantee/Letter of Guarantee	Short-term	INR 2 Cr	ACUITE A4
	Cash Credit	Long-term	INR 5 Cr	ACUITE B-
10th Feb 25	MASANI A2 MILK AND MANURE PRIVATE LIMITED			Instrument & Lender Details MASANI A2 MILK AND MANURE 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
	Proposed Long Term Loan	Long-term	INR 10 Cr	ACUITE B-
10th Feb 25	ONO LIFESTYLE PRIVATE LIMITED (ERSTWHILE ONO UNIFORMS PRIVATE LIMITED)			Instrument & Lender Details ONO LIFESTYLE PRIVATE LIMITED (ERSTWHILE ONO UNIFORMS 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 + 5 = I am not a robot
	Bills Discounting	Short-term	INR 10 Cr	ACUITE A4
10th Feb 25	PATODIA GINNING FACTORY			Instrument & Lender Details PATODIA GINNING FACTORY 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
	Cash Credit	Long-term	INR 20 Cr	ACUITE D
10th Feb 25	SADHANA ENVIRO ENGINEERING SERVICES			Instrument & Lender Details SADHANA ENVIRO ENGINEERING SERVICES To: CC: Note: By clicking on send button you shall be sharing a copy of rating release on the mentioned Email IDs. Captcha 6 + 8 = I am not a robot
	Bank Guarantee/Letter of Guarantee	Short-term	INR 3 Cr	ACUITE A4
	Letter of Credit	Short-term	INR 0.5 Cr	ACUITE A4
	Cash Credit	Long-term	INR 1.75 Cr	ACUITE B-
	Term Loan	Long-term	INR 0.75 Cr	ACUITE B-