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Date	Entity Name			Rating Action
12th Jul 24	SHERA METAL PRIVATE LIMITED			Instrument & Lender Details SHERA METAL 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
	Letter of Credit	Short-term	INR 20 Cr	ACUITE A3+
	Bank Guarantee/Letter of Guarantee	Short-term	INR 2 Cr	ACUITE A3+
	Derivative Exposure	Short-term	INR 0.3 Cr	ACUITE A3+
	Cash Credit	Long-term	INR 20 Cr	ACUITE BBB Positive
	Term Loan	Long-term	INR 1 Cr	ACUITE BBB Positive
	Term Loan	Long-term	INR 2.79 Cr	ACUITE BBB Positive
	Term Loan	Long-term	INR 0.37 Cr	ACUITE BBB Positive
	Term Loan	Long-term	INR 0.31 Cr	ACUITE BBB Positive
	Term Loan	Long-term	INR 0.47 Cr	ACUITE BBB Positive
	Term Loan	Long-term	INR 0.02 Cr	ACUITE BBB Positive
	Term Loan	Long-term	INR 0.93 Cr	ACUITE BBB Positive
	Term Loan	Long-term	INR 0.04 Cr	ACUITE BBB Positive
	Term Loan	Long-term	INR 5 Cr	ACUITE BBB Positive
	Term Loan	Long-term	INR 3 Cr	ACUITE BBB Positive
12th Jul 24	CARGO MOTORS KUTCH PRIVATE LIMITED			Instrument & Lender Details CARGO MOTORS KUTCH 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
	Cash Credit	Long-term	INR 34 Cr	ACUITE B+
	Proposed Long Term Bank Facility	Long-term	INR 8.5 Cr	ACUITE B+
12th Jul 24	VISVAS PROMOTERS PRIVATE LIMITED			Instrument & Lender Details VISVAS PROMOTERS 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
	Term Loan	Long-term	INR 20 Cr	ACUITE BB-
	Term Loan	Long-term	INR 15.92 Cr	ACUITE BB-
	Proposed Long Term Bank Facility	Long-term	INR 3.77 Cr	ACUITE BB-
	Term Loan	Long-term	INR 2.33 Cr	ACUITE BB-
	Term Loan	Long-term	INR 2.29 Cr	ACUITE BB-
	Term Loan	Long-term	INR 10 Cr	ACUITE BB-
	Term Loan	Long-term	INR 2.13 Cr	ACUITE BB-
	Term Loan	Long-term	INR 1.96 Cr	ACUITE BB-
12th Jul 24	GEM AROMATICS LIMITED (ERSTWHILE GEM AROMATICS PRIVATE LIMITED)			Instrument & Lender Details GEM AROMATICS LIMITED (ERSTWHILE GEM AROMATICS 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
	Bills Discounting	Short-term	INR 33 Cr	ACUITE A1
	Packing Credit	Short-term	INR 20 Cr	ACUITE A1
	Bank Guarantee (BLR)	Short-term	INR 1 Cr	ACUITE Not Applicable
	Working Capital Demand Loan (WCDL)	Long-term	INR 20 Cr	ACUITE A Stable
	Cash Credit	Long-term	INR 66 Cr	ACUITE A Stable
	Cash Credit	Long-term	INR 40 Cr	ACUITE A Stable
	Proposed Long Term Bank Facility	Long-term	INR 0.65 Cr	ACUITE Not Applicable
11th Jul 24	SREE EDUCATIONAL SOCIETY			Instrument & Lender Details SREE EDUCATIONAL SOCIETY 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
	Term Loan	Long-term	INR 1.02 Cr	ACUITE BB+ Stable
	Proposed Long Term Bank Facility	Long-term	INR 32.12 Cr	ACUITE BB+ Stable
	Proposed Long Term Loan	Long-term	INR 2.54 Cr	ACUITE BB+ Stable
11th Jul 24	BMI CABLES PRIVATE LIMITED			Instrument & Lender Details BMI CABLES 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
	Cash Credit	Long-term	INR 3 Cr	ACUITE BB
	Term Loan	Long-term	INR 9 Cr	ACUITE BB
	Cash Credit	Long-term	INR 5 Cr	ACUITE BB
	Working Capital Demand Loan (WCDL)	Long-term	INR 3 Cr	ACUITE BB
11th Jul 24	BOORUGU INFRA PROJECTS PRIVATE LIMITED			Instrument & Lender Details BOORUGU 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 9 + 5 = I am not a robot
	Term Loan	Long-term	INR 100 Cr	ACUITE Not Applicable
11th Jul 24	GALAXY MINING AND ROYALTIES PRIVATE LIMITED			Instrument & Lender Details GALAXY MINING AND ROYALTIES 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 + 2 = I am not a robot
	Bank Guarantee (BLR)	Short-term	INR 21 Cr	ACUITE A3
	Bank Guarantee (BLR)	Short-term	INR 13.63 Cr	ACUITE A3
	Dropline Overdraft	Long-term	INR 7.52 Cr	ACUITE BBB-
	Cash Credit	Long-term	INR 14 Cr	ACUITE BBB-
11th Jul 24	GALAXY MINING PRIVATE LIMITED			Instrument & Lender Details GALAXY MINING 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 + 4 = I am not a robot
	Bank Guarantee/Letter of Guarantee	Short-term	INR 15 Cr	ACUITE A3
	Bank Guarantee (BLR)	Short-term	INR 20 Cr	ACUITE A3
	Cash Credit	Long-term	INR 13.5 Cr	ACUITE BBB-
	Dropline Overdraft	Long-term	INR 1.75 Cr	ACUITE BBB-
	Proposed Long Term Bank Facility	Long-term	INR 22.25 Cr	ACUITE Not Applicable
11th Jul 24	AKARA CAPITAL ADVISORS PRIVATE LIMITED			Instrument & Lender Details AKARA CAPITAL ADVISORS 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 + 9 = I am not a robot
	Term Loan	Long-term	INR 10 Cr	ACUITE Not Applicable
11th Jul 24	SHIVAKAR DEVELOPERS PRIVATE LIMITED			Instrument & Lender Details SHIVAKAR DEVELOPERS 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 + 6 = I am not a robot
	Non-Covertible Debentures (NCD)	Long-term	INR 50 Cr	ACUITE Not Applicable
11th Jul 24	KAILASH DARSHAN HOUSING DEVELOPMENT GUJARAT PRIVATE LIMITED			Instrument & Lender Details KAILASH DARSHAN HOUSING DEVELOPMENT GUJARAT 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
	Term Loan	Long-term	INR 350 Cr	ACUITE A- Stable
	Term Loan	Long-term	INR 60 Cr	ACUITE A- Stable
10th Jul 24	VASANT CONSTRUCTION CO INDIA			Instrument & Lender Details VASANT CONSTRUCTION CO INDIA 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
	Bank Guarantee (BLR)	Short-term	INR 11.5 Cr	ACUITE A4+
	Cash Credit	Long-term	INR 3.5 Cr	ACUITE BB Stable
10th Jul 24	SAHYOG DEVELOPMENT SERVICES			Instrument & Lender Details SAHYOG DEVELOPMENT 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 + 6 = I am not a robot
	Term Loan	Long-term	INR 0.08 Cr	ACUITE BB+ Stable
	Term Loan	Long-term	INR 1.62 Cr	ACUITE BB+ Stable
	Proposed Long Term Bank Facility	Long-term	INR 9.75 Cr	ACUITE BB+ Stable
	Term Loan	Long-term	INR 0.64 Cr	ACUITE BB+ Stable
	Term Loan	Long-term	INR 1.89 Cr	ACUITE BB+ Stable
	Term Loan	Long-term	INR 1.43 Cr	ACUITE BB+ Stable
	Term Loan	Long-term	INR 3.02 Cr	ACUITE BB+ Stable
	Term Loan	Long-term	INR 0.55 Cr	ACUITE BB+ Stable
	Term Loan	Long-term	INR 0.46 Cr	ACUITE BB+ Stable
	Term Loan	Long-term	INR 0.56 Cr	ACUITE BB+ Stable
10th Jul 24	GANDHI EDUCATIONAL TRUST			Instrument & Lender Details GANDHI EDUCATIONAL TRUST To: CC: Note: By clicking on send button you shall be sharing a copy of rating release on the mentioned Email IDs. Captcha 9 + 1 = I am not a robot
	Proposed Long Term Bank Facility	Long-term	INR 35 Cr	ACUITE Not Applicable
10th Jul 24	SHREEGLUCO BIOTECH PRIVATE LIMITED			Instrument & Lender Details SHREEGLUCO BIOTECH 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 + 5 = I am not a robot
	Term Loan	Long-term	INR 40.48 Cr	ACUITE B+
	Working Capital Term Loan	Long-term	INR 13.36 Cr	ACUITE B+
	Term Loan	Long-term	INR 47.25 Cr	ACUITE B+
	Working Capital Term Loan	Long-term	INR 13.43 Cr	ACUITE B+
	Working Capital Demand Loan (WCDL)	Long-term	INR 0.28 Cr	ACUITE B+
	Secured Overdraft	Long-term	INR 0.33 Cr	ACUITE B+
	Working Capital Term Loan	Long-term	INR 6.75 Cr	ACUITE B+
	Working Capital Term Loan	Long-term	INR 6.71 Cr	ACUITE B+
	Cash Credit	Long-term	INR 20 Cr	ACUITE B+
	Proposed Long Term Bank Facility	Long-term	INR 11.41 Cr	ACUITE Not Applicable
10th Jul 24	INDIABULLS HOUSING FINANCE LIMITED - INDIA RETAIL POOL 25			Instrument & Lender Details INDIABULLS HOUSING FINANCE LIMITED - INDIA RETAIL POOL 25 To: CC: Note: By clicking on send button you shall be sharing a copy of rating release on the mentioned Email IDs. Captcha 4 + 2 = I am not a robot
	Pass Through Certificate	Long-term	INR 85.06 Cr	ACUITE Provisional A (SO )
10th Jul 24	JAIPUR VIDYUT VITRAN NIGAM LIMITED			Instrument & Lender Details JAIPUR VIDYUT 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 9 + 9 = I am not a robot
	Letter of Credit	Short-term	INR 782.35 Cr	ACUITE A2
	Letter of Credit	Short-term	INR 175.65 Cr	ACUITE A2
	Bank Guarantee (BLR)	Short-term	INR 0.15 Cr	ACUITE A2
	Letter of Credit	Short-term	INR 275.65 Cr	ACUITE A2
	Term Loan	Long-term	INR 208.05 Cr	ACUITE BBB+ Stable
	Term Loan	Long-term	INR 230 Cr	ACUITE BBB+ Stable
	Term Loan	Long-term	INR 20 Cr	ACUITE BBB+ Stable
	Secured Overdraft	Long-term	INR 100 Cr	ACUITE BBB+ Stable
	Term Loan	Long-term	INR 333.36 Cr	ACUITE BBB+ Stable
	Term Loan	Long-term	INR 234.75 Cr	ACUITE BBB+ Stable
	Working Capital Term Loan	Long-term	INR 367.95 Cr	ACUITE BBB+ Stable
	Term Loan	Long-term	INR 186.39 Cr	ACUITE BBB+ Stable
	Proposed Long Term Bank Facility	Long-term	INR 26.85 Cr	ACUITE BBB+ Stable
	Term Loan	Long-term	INR 979.81 Cr	ACUITE BBB+ Stable
	Term Loan	Long-term	INR 20.19 Cr	ACUITE BBB+ Stable
	Cash Credit	Long-term	INR 500 Cr	ACUITE BBB+ Stable
10th Jul 24	ECOPLUS STEELS PRIVATE LIMITED			Instrument & Lender Details ECOPLUS 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 6 + 6 = I am not a robot
	Bank Guarantee (BLR)	Short-term	INR 10.82 Cr	ACUITE A4+
	Cash Credit	Long-term	INR 46.68 Cr	ACUITE BB+
	Working Capital Demand Loan (WCDL)	Long-term	INR 7.5 Cr	ACUITE BB+
10th Jul 24	AJIT SINGH OM PARKASH PRIVATE LIMITED			Instrument & Lender Details AJIT SINGH OM PARKASH 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
	Letter of Credit	Short-term	INR 5 Cr	ACUITE A4+
	Cash Credit	Long-term	INR 12 Cr	ACUITE BB
	Bills Discounting	Long-term	INR 5 Cr	ACUITE BB
	Term Loan	Long-term	INR 2 Cr	ACUITE BB
	Cash Credit	Long-term	INR 15 Cr	ACUITE BB
	Cash Credit	Long-term	INR 10.7 Cr	ACUITE BB
	Term Loan	Long-term	INR 4.72 Cr	ACUITE BB
	Proposed Term Loan	Long-term	INR 0.58 Cr	ACUITE BB