Rating/Research Reports

Month Year	Rating Agency Name	Type/ Instrument	Grading/ Points	Remarks
05th Jun'23	Acuité Ratings & Research Limited	BANK LOAN RATING	BBB (Triple B)
30th May'23	ICRA Limited	NON-CONVERTIBLE DEBENTURES (NCD)	BB+ (Stable)
31st Aug'22	CRISIL	MFI GRADING	mfR3
29th Nov'22	SMERA Gradings & Ratings Private Limited	CODE OF CONDUCT	C2	(Second from top)