Ratings assigned and not accepted

Published on September 27th, 2021 S Name of the Issuer Sector Instrument Type Issue Size Date of Non- Listing Rating assigned No. (INR millions) acceptance Status 1 Grameen Shakti Finance & Banking Issuer Rating 0 28-Sept-20 Unlisted [ICRA]BB- (Stable) Microfinance Services Pvt. Ltd. 2 NPR Finance Limited Finance & Banking BLR 100 28-Sept-20 Listed [ICRA]BB- (Stable)

3 Catasynth Speciality Chemicals - Others Issuer Rating 0 29-Sept-20 Unlisted [ICRA]BBB-(Stable) Chemicals Private Limited 4 Team Computers Private Information BLR 350 29-Sept-20 Unlisted [ICRA]BBB+ (Positive)/ [ICRA]A2 Limited Technology and BPO - Hardware 5 Ganesh Electricals Construction – Local BLR 250 01-Oct-20 Unlisted [ICRA]BB+(Stable)/[ICRA]A4+ Private Limited EPC Contractor 6 Hira Jewellers Pvt. Ltd. Corporate - Gold BLR 220 01-Oct-20 Unlisted [ICRA]B+(Stable) Jewellery Retail 7 Dwarkadhish Decor Miscellaneous Issuer Rating 0 01-Oct-20 Unlisted [ICRA]B (Stable) Private Limited

Page 1 Disclaimers: Please note that unaccepted ratings are not subject to the periodic monitoring/surveillance exercise and may not be representative of the current credit quality of the rated entity. Additionally ICRA Ratings should not be treated as recommendation to buy, sell or hold the rated debt instruments.

The' *' sign denotes that rating has been accepted. All accepted ratings are subject to a process of surveillance, which may warrant a revision in ratings. Please visit our website (https://www.icra.in) or contact any ICRA office for the latest information on ICRA outstanding Ratings. You may also refer to the current rating list (https://www.icra.in/Rating?RatingType=CR) published on ICRA website for further information on rated instrument.

S Name of the Issuer Sector Instrument Type Issue Size Date of Non- Listing Rating assigned No. (INR millions) acceptance Status 8 Dwarkadhish Decor Miscellaneous NCD 300 01-Oct-20 Unlisted [ICRA]B (Stable) Private Limited 9 Visakhapatnam Port Logistics-others BLR 1000 02-Oct-20 Unlisted [ICRA]C Logistics Park Ltd 10 Srinivaas Infra Real Estate – BLR 220 05-Oct-20 Unlisted [ICRA]D Developers Residential Pvt. Ltd.

Page 2 Disclaimers: Please note that unaccepted ratings are not subject to the periodic monitoring/surveillance exercise and may not be representative of the current credit quality of the rated entity. Additionally ICRA Ratings should not be treated as recommendation to buy, sell or hold the rated debt instruments.

The' *' sign denotes that rating has been accepted. All accepted ratings are subject to a process of surveillance, which may warrant a revision in ratings. Please visit our website (https://www.icra.in) or contact any ICRA office for the latest information on ICRA outstanding Ratings. You may also refer to the current rating list (https://www.icra.in/Rating?RatingType=CR) published on ICRA website for further information on rated instrument.

S Name of the Issuer Sector Instrument Type Issue Size Date of Non- Listing Rating assigned No. (INR millions) acceptance Status 11 P S Group Realty Pvt. Real Estate - Mixed Issuer Rating 0 06-Oct-20 Unlisted [ICRA]BBB+ (Stable) Ltd. Use 12 Texmo Pipes and Petrochemicals and Issuer Rating 0 08-Oct-20 Listed [ICRA]BB+ (Stable) Products Polymers Ltd – Polymer processors 13 Divyasree Project Real Estate- BLR 1962.6 08-Oct-20 Unlisted [ICRA]BBB(Stable) Developers LRD 14 Vibrant Fabtex Private Textiles – Fabric BLR 62.3 15-Oct-20 Unlisted [ICRA]D Limited Making and Weaving 15 Sunshine Tiles Company Ceramic Tiles BLR 250 19-Oct-20 Unlisted [ICRA]BBB+ (Stable) Pvt Ltd 16 Share India Securities Finance and BLR 1250 20-Oct-20 Listed [ICRA]A3+ Limited Banking – Broking Companies 17 Mear Logistics LLP* Logistics – Others BLR 50.6 23-Oct-20 Unlisted [ICRA]B+(Stable)

18 Energy Efficiency Miscellaneous BLR 10000 26-Oct-20 Unlisted [ICRA]A+ (Stable) Services Limited

Page 3 Disclaimers: Please note that unaccepted ratings are not subject to the periodic monitoring/surveillance exercise and may not be representative of the current credit quality of the rated entity. Additionally ICRA Ratings should not be treated as recommendation to buy, sell or hold the rated debt instruments.

The' *' sign denotes that rating has been accepted. All accepted ratings are subject to a process of surveillance, which may warrant a revision in ratings. Please visit our website (https://www.icra.in) or contact any ICRA office for the latest information on ICRA outstanding Ratings. You may also refer to the current rating list (https://www.icra.in/Rating?RatingType=CR) published on ICRA website for further information on rated instrument.

S Name of the Issuer Sector Instrument Type Issue Size Date of Non- Listing Rating assigned No. (INR millions) acceptance Status 19 Jharkhand Central Logistics - Rail BLR 12597.5 27-Oct-20 Unlisted [ICRA]BBB+ (Stable) Railway Limited* 20 Anmol Polymers Petrochemicals and BLR 150 28-Oct-20 Unlisted [ICRA]BB-(Stable) Polymers - Polymer Traders 21 Bharat Caarriers Ltd. Logistics-Road BLR 80 30-Oct-20 Unlisted [ICRA]D

22 Omjay Ev Limited Automobile OEMs - BLR 240 30-Oct-20 Unlisted [ICRA]B+(Stable)/[ICRA]A4 Two Wheelers 23 Shree Bharat Motors Automobile BLR 750 30-Oct-20 Unlisted [ICRA]B+(Stable)/[ICRA]A4 Limited dealerships - Diversified 24 Bharat Motors Limited Automobile BLR 400 30-Oct-20 Unlisted [ICRA]B+ (Stable)/ [ICRA]A4 dealerships - Diversified 25 Adam & Coal Resources Trading - Others BLR 210 2-Nov-20 Unlisted [ICRA]A4+ Private Limited 26 Sanjana Cryogenic Miscellaneous BLR 400 05-Nov-20 Unlisted [ICRA]A-(Stable) Storages Limited 27 TP Luminaire Private Miscellaneous BLR 550 04-Nov-20 Unlisted [ICRA]A (Stable) Limited

Page 4 Disclaimers: Please note that unaccepted ratings are not subject to the periodic monitoring/surveillance exercise and may not be representative of the current credit quality of the rated entity. Additionally ICRA Ratings should not be treated as recommendation to buy, sell or hold the rated debt instruments.

The' *' sign denotes that rating has been accepted. All accepted ratings are subject to a process of surveillance, which may warrant a revision in ratings. Please visit our website (https://www.icra.in) or contact any ICRA office for the latest information on ICRA outstanding Ratings. You may also refer to the current rating list (https://www.icra.in/Rating?RatingType=CR) published on ICRA website for further information on rated instrument.

S Name of the Issuer Sector Instrument Type Issue Size Date of Non- Listing Rating assigned No. (INR millions) acceptance Status 28 Alagar Jewellers Private Gems and Jewellery BLR 1000 04-Nov-20 Unlisted [ICRA]BB (Stable) Limited - Retail 29 Victory Spinning Mills Textiles -Spinning- BLR 800 05-Nov-20 Unlisted [ICRA]BB+(Stable)/[ICRA]A4+ Private Limited Manmade and others 30 SNJ Sugars and Sugars BLR 220 05-Nov-20 Unlisted [ICRA]BBB+ (Stable) Products Limited 31 SNJ Breweries Private Breweries and BLR 35 05-Nov-20 Unlisted [ICRA]BBB+ (Stable) Limited Distilleries 32 Suraj Logistix Pvt. Ltd. Petrochemicals and Issuer Rating 0 06-Nov-20 Unlisted [ICRA]BBB+ (Stable) Polymers - Polymer Processors 33 Sutlej Textiles and Textiles - Spinning- Commercial 3000 10-Nov-20 Listed [ICRA]A1 Industries Limited Cotton Paper 34 Jaipur-Mahua Tollway Roads - NHAI Toll BLR 1246 12-Nov-20 Unlisted [ICRA]AA+ (Stable) Limited 35 Bliss Hotels Limited Hotel-Tourism BLR 450 12-Nov-20 Unlisted [ICRA]B+ (Watch with Developing Hotels and Implications) restaurant

Page 5 Disclaimers: Please note that unaccepted ratings are not subject to the periodic monitoring/surveillance exercise and may not be representative of the current credit quality of the rated entity. Additionally ICRA Ratings should not be treated as recommendation to buy, sell or hold the rated debt instruments.

The' *' sign denotes that rating has been accepted. All accepted ratings are subject to a process of surveillance, which may warrant a revision in ratings. Please visit our website (https://www.icra.in) or contact any ICRA office for the latest information on ICRA outstanding Ratings. You may also refer to the current rating list (https://www.icra.in/Rating?RatingType=CR) published on ICRA website for further information on rated instrument.

S Name of the Issuer Sector Instrument Type Issue Size Date of Non- Listing Rating assigned No. (INR millions) acceptance Status 36 S M Niryat (P) Limited Trading-Metals Issuer Rating 0 18-Nov-20 Unlisted [ICRA]BBB- (Stable)

37 MVN Infrastructure Real Estate Issuer Rating 0 20-Nov-20 Unlisted [ICRA]BB+ (Stable) Private Limited – Mixed Use 38 KJS Cement (I) Limited Building Materials - BLR 3000 23-Nov-20 Unlisted [ICRA]BB+ (Stable)/[ICRA]A4+ Cement 39 Alpha Design Engineering BLR 2176.0 23-Nov-20 Unlisted [ICRA]BBB+ (Stable)/[ICRA]A2 Technologies Private – Others Limited 40 Ram Ratna Wires Electronics and BLR 750.00 24-Nov-20 Listed [ICRA]BBB(Stable)/A3+ Limited Electricals 41 Jaya Industries Pvt. Ltd. Food and Food BLR 100 27-Nov-20 Unlisted [ICRA]BBB- (Stable)/ [ICRA]A3 Products 42 ASG Leather Private Footwear - Leather BLR 430 27-Nov-20 Unlisted [ICRA]BB (Stable)/ [ICRA]A4 Limited* Products 43 Kho Kho Sports League Miscellaneous BLR 140 03-Dec-20 Unlisted [ICRA]BBB- (Stable) Private Limited 44 Divyasree Infrastructure Real Estate BLR 1280 10-Dec-20 Unlisted [ICRA]BBB- (Stable) Developers Pvt Ltd - LRD 45 Palogix Infrastructure Logistics – Others BLR 550 11-Dec-20 Unlisted [ICRA]BB+ (Stable) (CE) Pvt. Ltd.

Page 6 Disclaimers: Please note that unaccepted ratings are not subject to the periodic monitoring/surveillance exercise and may not be representative of the current credit quality of the rated entity. Additionally ICRA Ratings should not be treated as recommendation to buy, sell or hold the rated debt instruments.

The' *' sign denotes that rating has been accepted. All accepted ratings are subject to a process of surveillance, which may warrant a revision in ratings. Please visit our website (https://www.icra.in) or contact any ICRA office for the latest information on ICRA outstanding Ratings. You may also refer to the current rating list (https://www.icra.in/Rating?RatingType=CR) published on ICRA website for further information on rated instrument.

S Name of the Issuer Sector Instrument Type Issue Size Date of Non- Listing Rating assigned No. (INR millions) acceptance Status 46 RR Construction and Construction-Others BLR 150 11-Dec-20 Unlisted [ICRA]BB+(Stable)/[ICRA]A4+ Infrastructure India Private Limited 47 NSL Constructions Pvt Construction BLR 460 15-Dec-20 Unlisted [ICRA]BB+ (Stable) Ltd 48 Kochi Metro Rail Limited Logistics - Rail BLR 9090 16-Dec-20 Unlisted [ICRA]BBB(CE)(Stable)

49 Kochi Metro Rail Limited Logistics - Rail BLR 6.7 16-Dec-20 Unlisted Provisional [ICRA]BBB(CE)(Stable)

50 Divyasree Infrastructure Real Estate - LRD BLR 1280 18-Dec-20 Unlisted [ICRA]BBB (Stable) Developers Pvt Ltd* 51 Grand Canyon SEZ Real Estate - BLR 3000 22-Dec-20 Unlisted [ICRA]BB (Stable) Private Limited Commercial 52 Mb Green Energy Power - Hydro and BLR 300 23-Dec-20 Unlisted [ICRA]BB+(Stable) Private Renewable Limited 53 Holy-Land Marketing FMCG Issuer Rating 0 28-Dec-20 Unlisted [ICRA]BBB (Stable) Pvt. Ltd. 54 Artizen Interiors Pvt Ltd Construction BLR 580 28-Dec-20 Unlisted [ICRA]BBB- (Stable)/A3

Page 7 Disclaimers: Please note that unaccepted ratings are not subject to the periodic monitoring/surveillance exercise and may not be representative of the current credit quality of the rated entity. Additionally ICRA Ratings should not be treated as recommendation to buy, sell or hold the rated debt instruments.

The' *' sign denotes that rating has been accepted. All accepted ratings are subject to a process of surveillance, which may warrant a revision in ratings. Please visit our website (https://www.icra.in) or contact any ICRA office for the latest information on ICRA outstanding Ratings. You may also refer to the current rating list (https://www.icra.in/Rating?RatingType=CR) published on ICRA website for further information on rated instrument.

S Name of the Issuer Sector Instrument Type Issue Size Date of Non- Listing Rating assigned No. (INR millions) acceptance Status 55 Finance & Banking Basel III Tier II 5000 29-Dec-20 Listed [ICRA]A+(hyb) (Negative) Bonds 56 Ajmer Vidyut Vitran Power - Distribution NCD 5000 29-Dec-20 Unlisted Provisional [ICRA]BBB(CE)(Stable) Nigam Limited* 57 Jodhpur Vidyut Vitran Power - NCD 5000 29-Dec-20 Unlisted Provisional [ICRA]BBB(CE)(Stable) Nigam Limited* Distribution 58 Jaipur Vidyut Vitran Power - NCD 5000 29-Dec-20 Unlisted Provisional [ICRA]BBB(CE)(Stable) Nigam Distribution Limited* 59 Narayanana City Bus Logistics - Others BLR 500 30-Dec-20 Unlisted [ICRA]BB+(Stable)/A4+ Operations Private Limited 60 Samavesh Finserve NBFC-Microfinance BLR 350 31-Dec-20 Unlisted [ICRA]B+(Stable) Private Institutions Limited 61 Vedika Credit Capital Ltd Other Financial Issuer Rating 0 31-Dec-20 Unlisted [ICRA]BB+(Stable) Companies- Financial Institutions 62 Sascon Infrastructure Construction- Local BLR 250 06-Jan-21 Unlisted [ICRA]BB- (Stable)/ [ICRA]A4 EPC Contractors

Page 8 Disclaimers: Please note that unaccepted ratings are not subject to the periodic monitoring/surveillance exercise and may not be representative of the current credit quality of the rated entity. Additionally ICRA Ratings should not be treated as recommendation to buy, sell or hold the rated debt instruments.

The' *' sign denotes that rating has been accepted. All accepted ratings are subject to a process of surveillance, which may warrant a revision in ratings. Please visit our website (https://www.icra.in) or contact any ICRA office for the latest information on ICRA outstanding Ratings. You may also refer to the current rating list (https://www.icra.in/Rating?RatingType=CR) published on ICRA website for further information on rated instrument.

S Name of the Issuer Sector Instrument Type Issue Size Date of Non- Listing Rating assigned No. (INR millions) acceptance Status 63 Lalwani Ferro Alloys Ltd Ferrous Metals Issuer Rating 0 06-Jan-21 Unlisted [ICRA]BBB+(Stable)

64 JSB Aluminium Private Non- Ferrous BLR 340 06-Jan-21 Unlisted [ICRA]BB (Stable) Limited Metals 65 Unique Engineers Pvt Engineering - Others BLR 500 06-Jan-21 Unlisted [ICRA]BB+ (Stable)/A4+ Ltd 66 3F Industries Ltd. Solvent BLR 7000 06-Jan-21 Unlisted [ICRA]BBB (Stable)/A3+ Extraction 67 Franklin Templeton Structured PTC Series 1 1272.4 07-Jan-21 Unlisted Provisional [ICRA]AAA(SO) Asset Finance Management (India) Private Limited (Oasis Trust) 68 Friends Union for Miscellaneous Issuer Rating 0 08-Jan-21 Unlisted [ICRA]BB (Stable) Energising Lives (Fuel) 69 Celebrity Breweries Pvt. Breweries and Issuer Rating 0 11-Jan-21 Unlisted [ICRA]BB- (Stable) Ltd. distilleries 70 Idupulapadu Cotton Mills Textiles – BLR 2750 13-Jan-21 Unlisted [ICRA]BB(Stable)/A4 Pvt. Ltd. Processing & Others 71 Rossari Biotech Limited Chemicals-Others BLR 1800 14-Jan-21 Listed [ICRA]A+(Stable)/[ICRA]A1

Page 9 Disclaimers: Please note that unaccepted ratings are not subject to the periodic monitoring/surveillance exercise and may not be representative of the current credit quality of the rated entity. Additionally ICRA Ratings should not be treated as recommendation to buy, sell or hold the rated debt instruments.

The' *' sign denotes that rating has been accepted. All accepted ratings are subject to a process of surveillance, which may warrant a revision in ratings. Please visit our website (https://www.icra.in) or contact any ICRA office for the latest information on ICRA outstanding Ratings. You may also refer to the current rating list (https://www.icra.in/Rating?RatingType=CR) published on ICRA website for further information on rated instrument.

S Name of the Issuer Sector Instrument Type Issue Size Date of Non- Listing Rating assigned No. (INR millions) acceptance Status 72 Lanarsy Infra Limited* Construction – BLR 500 14-Jan-21 Unlisted [ICRA]BB(Stable)/[ICRA]A4 Others 73 VRS Foods Ltd. Dairy products Issuer Rating 0 21-Jan-21 Unlisted [ICRA]BBB- (Stable)

74 West Bengal Logistics Logistics- others BLR 400 01-Feb-21 Unlisted [ICRA]B+ (Stable)/[ICRA]A4 Private Limited 75 Wilson Engineering Construction BLR 285 04-Feb-21 Unlisted [ICRA]B+ (Stable) / [ICRA]A4 Industries Pvt. Limited Equipment 76 KGK Jewellery Gems and Jewellery BLR 1850 04-Feb-21 Unlisted [ICRA]BB (Stable) Manufacturing Limited - Cut and Polished Diamonds 77 Chowgule Industries Automobile BLR 964 08-Feb-21 Unlisted [ICRA]A@/[ICRA]A1@ Private Limited dealerships - Cars

78 Popees Baby Care Textile – Apparel BLR 174 10-Feb-21 Unlisted [ICRA]BB (Stable)/[ICRA]A4 Products Pvt Ltd Making 79 Aurum Platz It Private Real Estate - NCD 1750 10-Feb-21 Unlisted [ICRA]BBB + (Stable) Limited Mixed Use 80 Lamco Industries Private Electronics and BLR 325 11-Feb-21 Unlisted [ICRA]BB(Stable)/[ICRA]A4 Limited Electricals

Page 10 Disclaimers: Please note that unaccepted ratings are not subject to the periodic monitoring/surveillance exercise and may not be representative of the current credit quality of the rated entity. Additionally ICRA Ratings should not be treated as recommendation to buy, sell or hold the rated debt instruments.

The' *' sign denotes that rating has been accepted. All accepted ratings are subject to a process of surveillance, which may warrant a revision in ratings. Please visit our website (https://www.icra.in) or contact any ICRA office for the latest information on ICRA outstanding Ratings. You may also refer to the current rating list (https://www.icra.in/Rating?RatingType=CR) published on ICRA website for further information on rated instrument.

S Name of the Issuer Sector Instrument Type Issue Size Date of Non- Listing Rating assigned No. (INR millions) acceptance Status 81 Shreeji Agchem Pvt. Ltd. Chemicals - Issuer Rating 0 15-Feb-21 Unlisted [ICRA]A-(Stable) Agrochemicals 82 Maithri Laboratories Pharmaceuticals - BLR 1500 17-Feb-21 Unlisted [ICRA]BBB+(Stable)/A2 Private Limited APIs 83 MSN Laboratories Pharmaceuticals - BLR 14000 17-Feb-21 Unlisted [ICRA]A(Stable)/A2+ Private Limited APIs 84 MSN Laboratories Pharmaceuticals - Commercial 1000 17-Feb-21 Unlisted [ICRA]A2+ Private Limited APIs Paper 85 MSN Life Sciences Pharmaceuticals - BLR 4200 17-Feb-21 Unlisted [ICRA]BBB+(Stable) Private Limited APIs 86 MSN Organics Private Pharmaceuticals - BLR 640 17-Feb-21 Unlisted [ICRA]BBB+(Stable)/A2 Limited APIs 87 MSN Pharmachem Pharmaceuticals - BLR 3455 17-Feb-21 Unlisted [ICRA]A(Stable)/A2+ Private Limited APIs 88 Texmaco Infrastructure Real Estate - NCD 2000 18-Feb-21 Listed [ICRA]BBB- (Stable) and Holdings Ltd* Mixed Use 89 Mahesh Edible Oil Edible Oil Issuer Rating 0 24-Feb-21 Unlisted [ICRA]A- (Stable) Industries Ltd. 90 Manipal Natural Extracts Pharmaceuticals – BLR 150 04-Mar-21 Unlisted [ICRA]BB+(Stable) Pvt Ltd Ayurveda and Others

Page 11 Disclaimers: Please note that unaccepted ratings are not subject to the periodic monitoring/surveillance exercise and may not be representative of the current credit quality of the rated entity. Additionally ICRA Ratings should not be treated as recommendation to buy, sell or hold the rated debt instruments.

The' *' sign denotes that rating has been accepted. All accepted ratings are subject to a process of surveillance, which may warrant a revision in ratings. Please visit our website (https://www.icra.in) or contact any ICRA office for the latest information on ICRA outstanding Ratings. You may also refer to the current rating list (https://www.icra.in/Rating?RatingType=CR) published on ICRA website for further information on rated instrument.

S Name of the Issuer Sector Instrument Type Issue Size Date of Non- Listing Rating assigned No. (INR millions) acceptance Status 91 Rean Watertech Private Construction – Local Issuer Rating 0 04-Mar-21 Unlisted [ICRA]BBB (Stable) Limited EPC contractors 92 KGK Diatrade DMCC Gems and Jewellery BLR 2250 04-Mar-21 Unlisted [ICRA]BB+ (Stable) – Trading 93 V-Mart Retail Limited* Retail BLR 450 08-Mar-21 Unlisted [ICRA]AA-(Stable)/[ICRA]A1+

94 Aishwarya Healthcare Pharmaceutica l - BLR 600 08-Mar-21 Unlisted [ICRA]BB+ (Stable) Formulations 95 Aishwarya Lifesciences Pharmaceutica l - BLR 1050 08-Mar-21 Unlisted [ICRA]BB+ (Stable) Formulations 96 Celebrity Biopharma Ltd. Pharmaceutica l - BLR 300 08-Mar-21 Unlisted [ICRA]BB+ (Stable) Formulations 97 Sharda Enterprises Pvt. Textiles – Apparel BLR 182.5 12-Mar-21 Unlisted [ICRA]D Ltd. Making 98 Garden Silk Mills Limited Textiles - Spinning - Issuer Rating 0 17-Mar-21 Unlisted [ICRA]A(Stable) Manmade & Others 99 Sri Krishna Enviro Construction - Local BLR 100 21-Mar-21 Unlisted [ICRA]BB-(Stable) Engineers EPC Contractors 100 Ingenuity Gaming Miscellaneous Issuer Rating 0 23-Mar-21 Unlisted [ICRA]BB (Stable) Private Limited

Page 12 Disclaimers: Please note that unaccepted ratings are not subject to the periodic monitoring/surveillance exercise and may not be representative of the current credit quality of the rated entity. Additionally ICRA Ratings should not be treated as recommendation to buy, sell or hold the rated debt instruments.

The' *' sign denotes that rating has been accepted. All accepted ratings are subject to a process of surveillance, which may warrant a revision in ratings. Please visit our website (https://www.icra.in) or contact any ICRA office for the latest information on ICRA outstanding Ratings. You may also refer to the current rating list (https://www.icra.in/Rating?RatingType=CR) published on ICRA website for further information on rated instrument.

S Name of the Issuer Sector Instrument Type Issue Size Date of Non- Listing Rating assigned No. (INR millions) acceptance Status 101 Vastu Housing Finance NBFC –Housing BLR 5000 23-Mar-21 Unlisted [ICRA]A (Stable) Corporation Limited* Finance Companies 102 Anmol Industries Limited Food and Food Issuer Rating 0 30-Mar-21 Unlisted [ICRA]AA- (Stable) Products 103 SM Corporation Ltd. Trading - Metals BLR 900 31-Mar-21 Unlisted [ICRA]BB-(Stable)/[ICRA]A4

104 Rockwood Hotels and Tourism Hotels and BLR 1000 01-April-21 Unlisted [ICRA]BB+(Stable) Resorts Limited restaurant 105 Unimoni Financial NBFC - Retail BLR 2000 01-April-21 Unlisted [ICRA]BB (Stable)/ [ICRA]A4 Services Limited 106 Safe Parenterals Private Pharmaceuticals – BLR 200 02-April-21 Unlisted [ICRA]B+(Stable) Limited Formulations 107 Cholamandalam NBFC NCD 2000 06-April-21 Listed [ICRA]AA (Stable) Financial Holdings Limited 108 Starteck Finance Non-Banking NCD 1500 07-April-21 Listed [ICRA]BBB- (Stable) Limited Finance Companies 109 Amit metaliks Limited Ferrous Metals BLR 416.5 08-April-21 Unlisted [ICRA]BBB (Stable)/A3+

110 JSV Infra Construction - Local BLR 370 08-April-21 Unlisted [ICRA]B (Stable)/[ICRA]A4 EPC contractors

Page 13 Disclaimers: Please note that unaccepted ratings are not subject to the periodic monitoring/surveillance exercise and may not be representative of the current credit quality of the rated entity. Additionally ICRA Ratings should not be treated as recommendation to buy, sell or hold the rated debt instruments.

The' *' sign denotes that rating has been accepted. All accepted ratings are subject to a process of surveillance, which may warrant a revision in ratings. Please visit our website (https://www.icra.in) or contact any ICRA office for the latest information on ICRA outstanding Ratings. You may also refer to the current rating list (https://www.icra.in/Rating?RatingType=CR) published on ICRA website for further information on rated instrument.

S Name of the Issuer Sector Instrument Type Issue Size Date of Non- Listing Rating assigned No. (INR millions) acceptance Status 111 Hanief Motors* Automobile BLR 55 9-April-21 Unlisted [ICRA]B (Stable) dealerships - Two Wheelers 112 Labotron Instruments Miscellaneous BLR 126.10 09-April-21 Unlisted [ICRA]BB (Stable)/ [ICRA] A4+ Private Ltd. 113 Labotech Microscopes Miscellaneous BLR 140 09-April-21 Unlisted [ICRA]BB (Stable)/ [ICRA] A4+ India Pvt. Ltd. 114 Durga Projects And Real Estate BLR 1500 10-April-21 Unlisted [ICRA]BB (Stable) Infrastructure Pvt Ltd 115 ECR Trust Education - K XII BLR 200 12-April-21 Unlisted [ICRA]B (Stable)

116 Primeone Workforce Consulting BLR 750 14-April-21 Unlisted [ICRA]BBB- (Stable) /A3 Private Limited 117 ArcelorMittal India Ferrous Metals Issuer Rating 0 19-April-21 Unlisted [ICRA]AA- (Stable) Private Limited 118 LMJ Services Limited Automobile BLR 300 19-April-21 Unlisted [ICRA]BB+ (Stable)/A4+ dealership- Cars 119 Industrial Manufacturers Engineering – BLR 330 26-April-21 Unlisted [ICRA]BB- (Stable)/[ICRA]A4 Capital Goods

Page 14 Disclaimers: Please note that unaccepted ratings are not subject to the periodic monitoring/surveillance exercise and may not be representative of the current credit quality of the rated entity. Additionally ICRA Ratings should not be treated as recommendation to buy, sell or hold the rated debt instruments.

The' *' sign denotes that rating has been accepted. All accepted ratings are subject to a process of surveillance, which may warrant a revision in ratings. Please visit our website (https://www.icra.in) or contact any ICRA office for the latest information on ICRA outstanding Ratings. You may also refer to the current rating list (https://www.icra.in/Rating?RatingType=CR) published on ICRA website for further information on rated instrument.

S Name of the Issuer Sector Instrument Type Issue Size Date of Non- Listing Rating assigned No. (INR millions) acceptance Status 120 Das Offshore Engineering – Issuer Rating 0 27-April-21 Unlisted [ICRA]BB+ (Stable) Engineering Private Capital Limited Goods 121 Vinayak Founders Pvt Ferrous Metals BLR 85 28-April-21 Unlisted [ICRA]BB-(Stable) Ltd 122 Diva Ravi Agro and Ferrous Metals BLR 197 28-April-21 Unlisted [ICRA]B+(Stable)/ [ICRA]A4 Founders Pvt Ltd 123 O2Z Trading And Miscellaneous BLR 418.7 28-April-21 Unlisted [ICRA]B+(Stable) Industries Private Limited 124 Calcom Vision Limited Electronics & BLR 130 01-May-21 Unlisted [ICRA]BB- (Stable) Electricals 125 Assam Company India Tea and Coffee BLR 750 02-May-21 Unlisted [ICRA]BB-(Stable) A4 Limited 126 Embito Granito LLP Ceramic Tiles BLR 350 19-May-21 Unlisted [ICRA]B+ (Stable)/A4

127 Defsys Solutions Private Engineering - Others BLR 1000 27-May-21 Unlisted [ICRA]BBB- (Stable) Limited 128 Radium Creation Limited Miscellaneous BLR 250 01-June-21 Unlisted [ICRA]BB (Stable)

Page 15 Disclaimers: Please note that unaccepted ratings are not subject to the periodic monitoring/surveillance exercise and may not be representative of the current credit quality of the rated entity. Additionally ICRA Ratings should not be treated as recommendation to buy, sell or hold the rated debt instruments.

The' *' sign denotes that rating has been accepted. All accepted ratings are subject to a process of surveillance, which may warrant a revision in ratings. Please visit our website (https://www.icra.in) or contact any ICRA office for the latest information on ICRA outstanding Ratings. You may also refer to the current rating list (https://www.icra.in/Rating?RatingType=CR) published on ICRA website for further information on rated instrument.

S Name of the Issuer Sector Instrument Type Issue Size Date of Non- Listing Rating assigned No. (INR millions) acceptance Status 129 FIA Technology Services Financial Service Issuer Rating 0 02-June-21 Unlisted [ICRA]BBB (Stable) Private Limited Companies 130 Max Ventures Holding Company BLR 2100 04-June-21 Unlisted [ICRA]BB (Stable) Investment Holdings Private Limited 131 Max Ventures Holding Company NCD 1500 04-June-21 Unlisted [ICRA]BB (Stable) Investment Holdings Private Limited 132 Divyasree Republic Of Real Estate - BLR 800 05-June-21 Unlisted [ICRA]BBB- (Stable) Whitefield Projects Pvt Residential Ltd* 133 TPL Plastech Limited Miscellaneous Commercial Paper 300 07-June-21 Listed [ICRA]A1

134 Godavari Foundation Education – BLR 180 10-June-21 Unlisted [ICRA]BB+ (Stable) Diversified 135 Lalitha Chem Industries Chemicals - Others BLR 1080 11-June-21 Unlisted [ICRA]BBB- (Stable)/ [ICRA]A3 Private Limited 136 NCS Industries Pvt. Ltd Solvent Extraction - BLR 100 11-June-21 Unlisted [ICRA]BB (Stable)/ [ICRA]A4+ Edible Oil 137 P. S. Steel Tubes Ferrous Metals BLR 122.7 14-June-21 Unlisted [ICRA]BB (Stable)/ [ICRA]A4 Limited

Page 16 Disclaimers: Please note that unaccepted ratings are not subject to the periodic monitoring/surveillance exercise and may not be representative of the current credit quality of the rated entity. Additionally ICRA Ratings should not be treated as recommendation to buy, sell or hold the rated debt instruments.

The' *' sign denotes that rating has been accepted. All accepted ratings are subject to a process of surveillance, which may warrant a revision in ratings. Please visit our website (https://www.icra.in) or contact any ICRA office for the latest information on ICRA outstanding Ratings. You may also refer to the current rating list (https://www.icra.in/Rating?RatingType=CR) published on ICRA website for further information on rated instrument.

S Name of the Issuer Sector Instrument Type Issue Size Date of Non- Listing Rating assigned No. (INR millions) acceptance Status 138 Phoenix Financial Real Estate - NCD 3000 22-June-21 Unlisted [ICRA]BB (Stable) District Private Limited Commercial 139 Mundhe Industries Pvt Textiles –Spinning- BLR 400 25-June-21 Unlisted [ICRA]B (Stable)/ [ICRA]A4 Ltd Cotton 140 Ocean Pearl Hotels Tourism Hotels & BLR 350 05-July-21 Unlisted [ICRA]D/ [ICRA]D Private Limited restaurant 141 North East Small Finance and BLR 71.5 09-July-21 Unlisted [ICRA]BBB (Stable) Finance Bank Limited Banking – Banks – 142 North East Small Finance and NCD 970 09-July-21 Unlisted [ICRA]BBB (Stable) Finance Bank Limited Banking – Banks – Small Finance Bank 143 Infiiloom India Private Textiles – Apparel BLR 180 15-July-21 Unlisted [ICRA]BBB(Stable) / [ICRA]A3+ Limited Making 144 Rajalakshmi Universal Real Estate – Mixed BLR 100 20-July-21 Unlisted [ICRA]D Education Private Use Limited 145 Jaika Automobiles and Auto Dealership BLR 980 20-July-21 Unlisted [ICRA]D Finance Pvt. Ltd. (Commercial Vehicle)

Page 17 Disclaimers: Please note that unaccepted ratings are not subject to the periodic monitoring/surveillance exercise and may not be representative of the current credit quality of the rated entity. Additionally ICRA Ratings should not be treated as recommendation to buy, sell or hold the rated debt instruments.

The' *' sign denotes that rating has been accepted. All accepted ratings are subject to a process of surveillance, which may warrant a revision in ratings. Please visit our website (https://www.icra.in) or contact any ICRA office for the latest information on ICRA outstanding Ratings. You may also refer to the current rating list (https://www.icra.in/Rating?RatingType=CR) published on ICRA website for further information on rated instrument.

S Name of the Issuer Sector Instrument Type Issue Size Date of Non- Listing Rating assigned No. (INR millions) acceptance Status 146 Mumbai Port Trust Ports Issuer rating 0 23-July-21 Unlisted [ICRA]AA- (Stable)

147 Dharashiv Sakhar Sugar BLR 7000 24-July-21 Unlisted [ICRA]BB- (Stable) Karkhana Limited 148 Jagson International Oil & Gas BLR 225 27-July-21 Unlisted [ICRA]BB+(Stable) Ltd. 149 Sunshine Tiles Company Ceramic Tiles BLR 250 01-Aug-21 Unlisted [ICRA]BBB+ (Positive) Pvt Ltd 150 Autade Spinners Pvt. Textiles - Spinning- BLR 750 04-Aug-21 Unlisted [ICRA]B+ (Stable) Ltd. Cotton 151 Taranjot Resources Pvt. Trading – Others BLR 150 06-Aug-21 Unlisted [ICRA]BB+ (Stable)/ [ICRA]A4+ Ltd 152 A. P. Greig Foundation Education - BLR 400 09-Aug-21 Unlisted [ICRA]BBB (Stable) Trust Diversified 153 AJL Edu-Solutions LLP Education - BLR 100.4 09-Aug-21 Unlisted [ICRA]BBB (Stable) Diversified 154 Bombay Education Education - BLR 500.3 09-Aug-21 Unlisted [ICRA]BBB (Stable) Trust Diversified 155 Gareeb Vidyarthi Education - BLR 548.9 09-Aug-21 Unlisted [ICRA]BBB (Stable) Sahayak Mandal Trust Diversified

Page 18 Disclaimers: Please note that unaccepted ratings are not subject to the periodic monitoring/surveillance exercise and may not be representative of the current credit quality of the rated entity. Additionally ICRA Ratings should not be treated as recommendation to buy, sell or hold the rated debt instruments.

The' *' sign denotes that rating has been accepted. All accepted ratings are subject to a process of surveillance, which may warrant a revision in ratings. Please visit our website (https://www.icra.in) or contact any ICRA office for the latest information on ICRA outstanding Ratings. You may also refer to the current rating list (https://www.icra.in/Rating?RatingType=CR) published on ICRA website for further information on rated instrument.

S Name of the Issuer Sector Instrument Type Issue Size Date of Non- Listing Rating assigned No. (INR millions) acceptance Status 156 General Computer Education - BLR 484.2 09-Aug-21 Unlisted [ICRA]BBB (Stable) Services International Diversified 157 JND Edu Management Education - BLR 32.4 09-Aug-21 Unlisted [ICRA]BBB (Stable) Services Pvt. Ltd Diversified 158 JND Edu-Realty Pvt. Ltd Education - BLR 562 09-Aug-21 Unlisted [ICRA]BBB (Stable) Diversified 159 Maharashtra Samaj Education - BLR 277.2 09-Aug-21 Unlisted [ICRA]BBB (Stable) Ghatkoper Diversified 160 National Education Education - BLR 1017.0 09-Aug-21 Unlisted [ICRA]BBB (Stable) Society Diversified 161 Primus Trust Education - BLR 783.9 09-Aug-21 Unlisted [ICRA]BBB (Stable) Diversified 162 SAA Edu-Infra Services Education - BLR 289.5 09-Aug-21 Unlisted [ICRA]BBB (Stable) LLP Diversified 163 Sahyog Charitable Education - BLR 500.0 09-Aug-21 Unlisted [ICRA]BBB (Stable) Trust Diversified 164 SML Edu-Infra Pvt. Ltd. Education - BLR 485.8 09-Aug-21 Unlisted [ICRA]BBB (Stable) Diversified 165 SML Properties Pvt Education - BLR 83.0 09-Aug-21 Unlisted [ICRA]BBB (Stable) Ltd Diversified

Page 19 Disclaimers: Please note that unaccepted ratings are not subject to the periodic monitoring/surveillance exercise and may not be representative of the current credit quality of the rated entity. Additionally ICRA Ratings should not be treated as recommendation to buy, sell or hold the rated debt instruments.

The' *' sign denotes that rating has been accepted. All accepted ratings are subject to a process of surveillance, which may warrant a revision in ratings. Please visit our website (https://www.icra.in) or contact any ICRA office for the latest information on ICRA outstanding Ratings. You may also refer to the current rating list (https://www.icra.in/Rating?RatingType=CR) published on ICRA website for further information on rated instrument.

S Name of the Issuer Sector Instrument Type Issue Size Date of Non- Listing Rating assigned No. (INR millions) acceptance Status 166 SML Supervalue Education - BLR 44.1 09-Aug-21 Unlisted [ICRA]BBB (Stable) Education Pvt. Ltd Diversified 167 Supervalue Properties Education - BLR 6.3 09-Aug-21 Unlisted [ICRA]BBB (Stable) Pvt. Ltd Diversified 168 Universal Education Education - BLR 500 09-Aug-21 Unlisted [ICRA]BBB (Stable) Foundation Diversified 169 Universal Edu-Infra Education - BLR 687.9 09-Aug-21 Unlisted [ICRA]BBB (Stable)/[ICRA]A3+ Services Pvt. Ltd Diversified 170 Utopia Hospitality Pvt. Education - BLR 28.1 09-Aug-21 Unlisted [ICRA]BBB (Stable) Ltd Diversified 171 Vidya Vikas Education Education - BLR 902.5 09-Aug-21 Unlisted [ICRA]BBB (Stable) Trust Diversified 172 Ddev Plastiks Industries Petrochemicals and Issuer Rating 0 17-Aug-21 Unlisted [ICRA]A-& Limited Polymers - Polymer Processors 173 Century 21 Town Real Estate - BLR 100 22-Aug-21 Unlisted [ICRA]BBB- (Stable) Planners Private Limited Commercial 174 Dharashiv Sakhar Sugar BLR 7000 23-Aug-21 Unlisted [ICRA]BB- (Stable)/A4 Karkhana Limited 175 Azure Power India Power – Hydro & BLR 5120 24-Aug-21 Unlisted [ICRA]A+ (Stable) Private Limited Renewable

Page 20 Disclaimers: Please note that unaccepted ratings are not subject to the periodic monitoring/surveillance exercise and may not be representative of the current credit quality of the rated entity. Additionally ICRA Ratings should not be treated as recommendation to buy, sell or hold the rated debt instruments.

The' *' sign denotes that rating has been accepted. All accepted ratings are subject to a process of surveillance, which may warrant a revision in ratings. Please visit our website (https://www.icra.in) or contact any ICRA office for the latest information on ICRA outstanding Ratings. You may also refer to the current rating list (https://www.icra.in/Rating?RatingType=CR) published on ICRA website for further information on rated instrument.

S Name of the Issuer Sector Instrument Type Issue Size Date of Non- Listing Rating assigned No. (INR millions) acceptance Status 176 Pragati Fashions Textiles – Apparel BLR 300 26-Aug-21 Unlisted [ICRA]BB (Stable) Pvt Ltd Making 177 Pran Beverages (India) Food and Food BLR 1420 27-Aug-21 Unlisted [ICRA]BBB- (Stable)/ [ICRA]A3 Private Limited Products 178 Shree Ramdev Metalex Trading - Others BLR 250 30-Aug-21 Unlisted [ICRA]BB (Stable)/A4 LLP 179 M. P. Industries Trading - Others BLR 30 30-Aug-21 Unlisted [ICRA]BB (Stable)/A4

180 Indel Money Private Structured Finance PTC Series 100 01-Sept-21 Unlisted Provisional [ICRA]A1+(SO) Limited (Chicago Trust A1 A 2021) 181 Indel Money Private Structured Finance PTC Series 50 01-Sept-21 Unlisted Provisional [ICRA]A1+(SO) Limited (Chicago Trust A1 B 2021) 182 Essar Power Power- BLR 3500 02-Sept-21 Unlisted [ICRA]BB+ (Stable) Transmission Transmission and Company Limited Trading 183 Spykar Lifestyles Textiles - Retail BLR 125 09-Sept-21 Unlisted [ICRA]BB+ (Stable)/[ICRA]A4+ Private Limited 184 Priority Jewels Private Gems & Jewellery BLR 150.00 09-Sept-21 Unlisted [ICRA]BBB-(Stable) /[ICRA]A3 Limited - Wholesale

Page 21 Disclaimers: Please note that unaccepted ratings are not subject to the periodic monitoring/surveillance exercise and may not be representative of the current credit quality of the rated entity. Additionally ICRA Ratings should not be treated as recommendation to buy, sell or hold the rated debt instruments.

The' *' sign denotes that rating has been accepted. All accepted ratings are subject to a process of surveillance, which may warrant a revision in ratings. Please visit our website (https://www.icra.in) or contact any ICRA office for the latest information on ICRA outstanding Ratings. You may also refer to the current rating list (https://www.icra.in/Rating?RatingType=CR) published on ICRA website for further information on rated instrument.

S Name of the Issuer Sector Instrument Type Issue Size Date of Non- Listing Rating assigned No. (INR millions) acceptance Status 185 Shri Bajrang Power And Ferrous Metals BLR 400 09-Sept-21 Unlisted [ICRA]A2+ Ispat Limited 186 Shivalik Small Finance Finance and Issuer Rating 0 24-Sept-21 Unlisted [ICRA]BBB- (Stable) Bank Limited Banking * Mukka Sea Food Industries Ltd- Rating for 491.8 INR million BLR limit is accepted. Refer to www.icra.in for rationale published on accepted rating

Page 22 Disclaimers: Please note that unaccepted ratings are not subject to the periodic monitoring/surveillance exercise and may not be representative of the current credit quality of the rated entity. Additionally ICRA Ratings should not be treated as recommendation to buy, sell or hold the rated debt instruments.

The' *' sign denotes that rating has been accepted. All accepted ratings are subject to a process of surveillance, which may warrant a revision in ratings. Please visit our website (https://www.icra.in) or contact any ICRA office for the latest information on ICRA outstanding Ratings. You may also refer to the current rating list (https://www.icra.in/Rating?RatingType=CR) published on ICRA website for further information on rated instrument.

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About ICRA Limited:

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Today, ICRA and its subsidiaries together form the ICRA Group of Companies (Group ICRA). ICRA is a Public Limited Company, with its shares listed on the and the National Stock Exchange. The international Credit Rating Agency Moody’s Investors Service is ICRA’s largest shareholder.

For more information, visit www.icra.in

Page 23 Disclaimers: Please note that unaccepted ratings are not subject to the periodic monitoring/surveillance exercise and may not be representative of the current credit quality of the rated entity. Additionally ICRA Ratings should not be treated as recommendation to buy, sell or hold the rated debt instruments.

The' *' sign denotes that rating has been accepted. All accepted ratings are subject to a process of surveillance, which may warrant a revision in ratings. Please visit our website (https://www.icra.in) or contact any ICRA office for the latest information on ICRA outstanding Ratings. You may also refer to the current rating list (https://www.icra.in/Rating?RatingType=CR) published on ICRA website for further information on rated instrument.

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Page 24 Disclaimers: Please note that unaccepted ratings are not subject to the periodic monitoring/surveillance exercise and may not be representative of the current credit quality of the rated entity. Additionally ICRA Ratings should not be treated as recommendation to buy, sell or hold the rated debt instruments.

The' *' sign denotes that rating has been accepted. All accepted ratings are subject to a process of surveillance, which may warrant a revision in ratings. Please visit our website (https://www.icra.in) or contact any ICRA office for the latest information on ICRA outstanding Ratings. You may also refer to the current rating list (https://www.icra.in/Rating?RatingType=CR) published on ICRA website for further information on rated instrument.

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Contents may be used freely with due acknowledgement to ICRA.

ICRA ratings should not be treated as recommendation to buy, sell or hold the rated debt instruments. ICRA ratings are subject to a process of surveillance, which may lead to revision in ratings. An ICRA rating is a symbolic indicator of ICRA’s current opinion on the relative capability of the issuer concerned to timely service debts and obligations, with reference to the instrument rated. Please visit our website www.icra.in or contact any ICRA office for the latest information on ICRA ratings outstanding. All information contained herein has been obtained by ICRA from sources believed by it to be accurate and reliable, including the rated issuer. ICRA however has not conducted any audit of the rated issuer or of the information provided by it. While reasonable care has been taken to ensure that the information herein is true, such information is provided ‘as is’ without any warranty of any kind, and ICRA in particular, makes no representation or warranty, express or implied, as to the accuracy, timeliness or completeness of any such information. Also, ICRA or any of its group companies may have provided services other than rating to the issuer rated. All information contained herein must be construed solely as statements of opinion, and ICRA shall not be liable for any losses incurred by users from any use of this publication or its contents

Page 25 Disclaimers: Please note that unaccepted ratings are not subject to the periodic monitoring/surveillance exercise and may not be representative of the current credit quality of the rated entity. Additionally ICRA Ratings should not be treated as recommendation to buy, sell or hold the rated debt instruments.

The' *' sign denotes that rating has been accepted. All accepted ratings are subject to a process of surveillance, which may warrant a revision in ratings. Please visit our website (https://www.icra.in) or contact any ICRA office for the latest information on ICRA outstanding Ratings. You may also refer to the current rating list (https://www.icra.in/Rating?RatingType=CR) published on ICRA website for further information on rated instrument.