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Date	Entity Name			Rating Action
21st May 24	MASTERCRAFT ENGINEERS PRIVATE LIMITED			Instrument & Lender Details MASTERCRAFT ENGINEERS 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 + 2 = I am not a robot
	Bank Guarantee/Letter of Guarantee	Short-term	INR 0.3 Cr	ACUITE A4
	Letter of Credit	Short-term	INR 0.3 Cr	ACUITE A4
	Proposed Long Term Bank Facility	Long-term	INR 9.47 Cr	ACUITE B+
	Term Loan	Long-term	INR 6.68 Cr	ACUITE B+
	Cash Credit	Long-term	INR 3.25 Cr	ACUITE B+
21st May 24	NANDI POWERTRONICS PRIVATE LIMITED			Instrument & Lender Details NANDI POWERTRONICS 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 0.1 Cr	ACUITE A4
	Cash Credit	Long-term	INR 4 Cr	ACUITE B
	Proposed Cash Credit	Long-term	INR 1.7 Cr	ACUITE B
21st May 24	OJAS TRADELEASE AND MALL MANAGEMENT PRIVATE LIMITED (erstwhile OJAS MALL MANAGEMENT PRIVATE LIMITED)			Instrument & Lender Details OJAS TRADELEASE AND MALL MANAGEMENT PRIVATE LIMITED (erstwhile OJAS MALL MANAGEMENT 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 + 3 = I am not a robot
	Term Loan	Long-term	INR 31.54 Cr	ACUITE B
	Term Loan	Long-term	INR 60.52 Cr	ACUITE B
21st May 24	PROTIUM FINANCE LIMITED - CONSILIENCE BL - 2203(ERSTWHILE GROWTH SOURCE FINANCIAL TECHNOLOGIES PRIVA			Instrument & Lender Details PROTIUM FINANCE LIMITED - CONSILIENCE BL - 2203(ERSTWHILE GROWTH SOURCE FINANCIAL TECHNOLOGIES PRIVA 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
	Pass Through Certificate	Long-term	INR 6.17 Cr	ACUITE Not Applicable
17th May 24	METALLOYS RECYCLING LIMITED			Instrument & Lender Details METALLOYS RECYCLING 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
	Cash Credit	Long-term	INR 1.27 Cr	ACUITE BBB- Negative
	Cash Credit	Long-term	INR 7.5 Cr	ACUITE BBB- Negative
	Cash Credit	Long-term	INR 5.77 Cr	ACUITE BBB- Negative
	Cash Credit	Long-term	INR 6.63 Cr	ACUITE BBB- Negative
	Cash Credit	Long-term	INR 24.5 Cr	ACUITE BBB- Negative
	Cash Credit	Long-term	INR 5.1 Cr	ACUITE BBB- Negative
	Cash Credit	Long-term	INR 23 Cr	ACUITE BBB- Negative
	Cash Credit	Long-term	INR 7.23 Cr	ACUITE BBB- Negative
17th May 24	ANNAM STEELS			Instrument & Lender Details ANNAM STEELS 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
	Working Capital Demand Loan (WCDL)	Long-term	INR 42.75 Cr	ACUITE D
17th May 24	SEEDS FINCAP PRIVATE LIMITED			Instrument & Lender Details SEEDS FINCAP 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
	Term Loan	Long-term	INR 0.38 Cr	ACUITE BB+ Stable
	Proposed Long Term Bank Facility	Long-term	INR 2.52 Cr	ACUITE BB+ Stable
	Non-Covertible Debentures (NCD)	Long-term	INR 7.5 Cr	ACUITE BB+ Stable
	Term Loan	Long-term	INR 1.11 Cr	ACUITE BB+ Stable
	Term Loan	Long-term	INR 1.61 Cr	ACUITE BB+ Stable
	Term Loan	Long-term	INR 13.13 Cr	ACUITE BB+ Stable
	Term Loan	Long-term	INR 5 Cr	ACUITE BB+ Stable
	Term Loan	Long-term	INR 1.25 Cr	ACUITE BB+ Stable
17th May 24	ASTHA INNOVATIONS PRIVATE LIMITED			Instrument & Lender Details ASTHA INNOVATIONS 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
	PC/PCFC	Long-term	INR 18.5 Cr	ACUITE BB Stable
17th May 24	MODERN PREFAB SYSTEM PRIVATE LIMITED			Instrument & Lender Details MODERN PREFAB SYSTEM 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 + 3 = I am not a robot
	Bank Guarantee/Letter of Guarantee	Short-term	INR 20 Cr	ACUITE A4+
	Cash Credit	Long-term	INR 16 Cr	ACUITE BB Stable
	Proposed Cash Credit	Long-term	INR 4 Cr	ACUITE BB Stable
17th May 24	NTPC VIDYUT VYAPAR NIGAM LIMITED			Instrument & Lender Details NTPC VIDYUT VYAPAR NIGAM 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 + 4 = I am not a robot
	Letter of Credit	Short-term	INR 600 Cr	ACUITE A1+
	Working Capital Demand Loan (WCDL)	Short-term	INR 800 Cr	ACUITE A1+
	Working Capital Demand Loan (WCDL)	Short-term	INR 850 Cr	ACUITE A1+
	Working Capital Demand Loan (WCDL)	Short-term	INR 200 Cr	ACUITE A1+
	Bank Guarantee (BLR)	Short-term	INR 80 Cr	ACUITE A1+
	Bank Guarantee (BLR)	Short-term	INR 300 Cr	ACUITE A1+
	Proposed Short Term Bank Facility	Short-term	INR 320 Cr	ACUITE A1+
	Proposed Short Term Bank Facility	Short-term	INR 150 Cr	ACUITE A1+
	Working Capital Demand Loan (WCDL)	Short-term	INR 200 Cr	ACUITE A1+
	Term Loan	Long-term	INR 150 Cr	ACUITE AA+ Stable
	Proposed Long Term Bank Facility	Long-term	INR 650 Cr	ACUITE AA+ Stable
17th May 24	B S SPONGE PRIVATE LIMITED			Instrument & Lender Details B S SPONGE 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 + 4 = I am not a robot
	Bank Guarantee/Letter of Guarantee	Short-term	INR 2 Cr	ACUITE A1
	Bank Guarantee/Letter of Guarantee	Short-term	INR 6 Cr	ACUITE A1
	Letter of Credit	Short-term	INR 17 Cr	ACUITE A1
	Letter of Credit	Short-term	INR 25 Cr	ACUITE A1
	Letter of Credit	Short-term	INR 12 Cr	ACUITE A1
	Letter of Credit	Short-term	INR 20 Cr	ACUITE A1
	Bank Guarantee (BLR)	Short-term	INR 3 Cr	ACUITE A1
	Letter of Credit	Short-term	INR 7.55 Cr	ACUITE A1
	Letter of Credit	Short-term	INR 7.45 Cr	ACUITE A1
	Bank Guarantee (BLR)	Short-term	INR 9 Cr	ACUITE A1
	Letter of Credit	Short-term	INR 21 Cr	ACUITE A1
	Cash Credit	Long-term	INR 40 Cr	ACUITE A Stable
	Term Loan	Long-term	INR 7 Cr	ACUITE A Stable
	Cash Credit	Long-term	INR 73.1 Cr	ACUITE A Stable
	Working Capital Demand Loan (WCDL)	Long-term	INR 10.48 Cr	ACUITE A Stable
	Working Capital Demand Loan (WCDL)	Long-term	INR 4.19 Cr	ACUITE A Stable
	Cash Credit	Long-term	INR 32 Cr	ACUITE A Stable
	Cash Credit	Long-term	INR 28 Cr	ACUITE A Stable
	Term Loan	Long-term	INR 13 Cr	ACUITE A Stable
	Term Loan	Long-term	INR 17.87 Cr	ACUITE A Stable
	Term Loan	Long-term	INR 68 Cr	ACUITE A Stable
	Term Loan	Long-term	INR 70 Cr	ACUITE A Stable
	Term Loan	Long-term	INR 90 Cr	ACUITE A Stable
	Cash Credit	Long-term	INR 6.9 Cr	ACUITE A Stable
	Term Loan	Long-term	INR 25.9 Cr	ACUITE A Stable
	Term Loan	Long-term	INR 0.21 Cr	ACUITE A Stable
	Term Loan	Long-term	INR 1.4 Cr	ACUITE A Stable
	Stand By Line of Credit	Long-term	INR 11 Cr	ACUITE A Stable
	Cash Credit	Long-term	INR 20 Cr	ACUITE A Stable
	Proposed Long Term Bank Facility	Long-term	INR 28.6 Cr	ACUITE A Stable
	Proposed Long Term Bank Facility	Long-term	INR 0.13 Cr	ACUITE A Stable
17th May 24	UTTAR HARYANA BIJLI VITRAN NIGAM LIMITED			Instrument & Lender Details UTTAR HARYANA BIJLI VITRAN NIGAM 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 + 1 = I am not a robot
	Term Loan	Long-term	INR 499.95 Cr	ACUITE A Stable
	Term Loan	Long-term	INR 399.16 Cr	ACUITE A Stable
	Cash Credit	Long-term	INR 500 Cr	ACUITE A Stable
	Proposed Long Term Bank Facility	Long-term	INR 100.89 Cr	ACUITE A Stable
17th May 24	NAM ESTATES PRIVATE LIMITED			Instrument & Lender Details NAM ESTATES 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 1000 Cr	ACUITE Not Applicable
17th May 24	RATANLAL RADHESHYAM			Instrument & Lender Details RATANLAL RADHESHYAM To: CC: Note: By clicking on send button you shall be sharing a copy of rating release on the mentioned Email IDs. Captcha 6 + 6 = I am not a robot
	Cash Credit	Long-term	INR 10 Cr	ACUITE B+
17th May 24	TANTIA CONSTRUCTION LIMITED			Instrument & Lender Details TANTIA CONSTRUCTION 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 + 6 = I am not a robot
	Proposed Bank Guarantee	Short-term	INR 475 Cr	ACUITE D
	Cash Credit	Long-term	INR 393 Cr	ACUITE D
	Term Loan	Long-term	INR 92.45 Cr	ACUITE D
	Working Capital Term Loan	Long-term	INR 72.8 Cr	ACUITE D
	Working Capital Term Loan	Long-term	INR 19.29 Cr	ACUITE D
	Term Loan	Long-term	INR 62.21 Cr	ACUITE D
	Term Loan	Long-term	INR 15.24 Cr	ACUITE D
	Term Loan	Long-term	INR 15.3 Cr	ACUITE D
16th May 24	BHANWARIYA INFRA PROJECTS PRIVATE LIMITED			Instrument & Lender Details BHANWARIYA INFRA 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 6 + 2 = I am not a robot
	Bank Guarantee/Letter of Guarantee	Short-term	INR 42 Cr	ACUITE A3
	Bank Guarantee/Letter of Guarantee	Short-term	INR 20 Cr	ACUITE A3
	Bank Guarantee/Letter of Guarantee	Short-term	INR 21.9 Cr	ACUITE A3
	Bank Guarantee/Letter of Guarantee	Short-term	INR 18.1 Cr	ACUITE A3
	Proposed Short Term Bank Facility	Short-term	INR 5 Cr	ACUITE A3
	Cash Credit	Long-term	INR 8 Cr	ACUITE BBB- Stable
	Cash Credit	Long-term	INR 5 Cr	ACUITE BBB- Stable
	Covid Emergency Line.	Long-term	INR 0.6 Cr	ACUITE BBB- Stable
	Cash Credit	Long-term	INR 0.1 Cr	ACUITE BBB- Stable
	Cash Credit	Long-term	INR 7.9 Cr	ACUITE BBB- Stable
	Proposed Long Term Bank Facility	Long-term	INR 4.52 Cr	ACUITE BBB- Stable
	Proposed Long Term Bank Facility	Long-term	INR 0.52 Cr	ACUITE BBB- Stable
16th May 24	AGARWAL TMT INDUSTRIES PRIVATE LIMITED			Instrument & Lender Details AGARWAL TMT 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 + 5 = I am not a robot
	Bank Guarantee (BLR)	Short-term	INR 0.8 Cr	ACUITE A4
	Cash Credit	Long-term	INR 20 Cr	ACUITE B+
	Term Loan	Long-term	INR 22 Cr	ACUITE B+
16th May 24	SHRI PALIWAL CATTLE FEED PRIVATE LIMITED			Instrument & Lender Details SHRI PALIWAL CATTLE FEED 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 + 8 = I am not a robot
	Cash Credit	Long-term	INR 2 Cr	ACUITE D
	Term Loan	Long-term	INR 4.13 Cr	ACUITE D
	Proposed Long Term Bank Facility	Long-term	INR 0.37 Cr	ACUITE D
16th May 24	UGRO CAPITAL LIMITED - AVENGER 2022- MARCH SERIES			Instrument & Lender Details UGRO CAPITAL LIMITED - AVENGER 2022- MARCH SERIES 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
	Pass Through Certificate	Long-term	INR 7.68 Cr	ACUITE AA- (SO )
16th May 24	UGRO CAPITAL LIMITED - NIMBUS 2022 ML MAVERICK			Instrument & Lender Details UGRO CAPITAL LIMITED - NIMBUS 2022 ML MAVERICK 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
	Pass Through Certificate	Long-term	INR 3.24 Cr	ACUITE AA- (SO ) Not Applicable