Unaccepted Ratings

List of Unaccepted Ratings (As on 17-July-2025)

Name of issuer
Sector
Name/type of instrument
Size (Rs. Million )
Date of Non- acceptance
Listing Status
Rating and outlook
Provisional Step And Document
Whether The Rating Was Accepted By The Issuer,Subse Quent To The Non Accepted Ratings Disclosure? (Yes/No)
Date Of Subsequent Acceptance Of Final Rating Assigned
Final Rating Accepted By Issuer
Whether The Issuer Requested For A Review/Appeal Subsequent To Disclosure Of Unaccepted Rating?
Whether Review/Appeal Of The Disclosed UnAccepted Rating Was Granted By CRA
IBIS Smart Marble Private Limited
Ceramics
Bank Facilities
780.00
30 Jan 2025
Unlisted
CARE BB+; Stable / CARE A4+
Yes
18 Feb 2025
CARE BB+; Stable / CARE A4+
No
NA
Jamna Auto Industries Limited
Auto
Bank Facilities
900.00
30 Jan 2025
Listed
CARE AA-; Stable
Yes
23 Feb 2025
CARE AA-; Stable
Yes
Yes
JWL Kovis (India) Private Limited
Auto
Bank Facilities
618.60
30 Jan 2025
Unlisted
CARE BBB+; Stable / CARE A2
Yes
10 Feb 2025
CARE A-; Stable / CARE A2+
No
NA
Mount Roofing And Structures Private Limited
Construction
Bank Facilities
430.00
30 Jan 2025
Unlisted
CARE BB; Stable / CARE A4
Opera Energy Private Limited
Electricity - Transmission and distribution
Bank Facilities
750.00
30 Jan 2025
Unlisted
CARE BB+; Positive / CARE A4+
OSL MOTOCORP PRIVATE LIMITED
Auto
Bank Facilities
400.00
30 Jan 2025
Unlisted
CARE BB-; Stable / CARE A4
Yes
16 Mar 2025
CARE BB-; Stable / CARE A4
No
NA
Remi Edelstahl Tubulars Limited
Iron and Steel
Bank Facilities
461.60
30 Jan 2025
Listed
CARE BB+; Stable / CARE A4+
Yes
03 Mar 2025
CARE BB+; Stable / CARE A4+
No
NA
VGN Homes Private Limited
Real Estate activites
Bank Facilities
812.00
30 Jan 2025
Unlisted
CARE BB; Stable / CARE A4
VRV Hospitality Private Limited
Other manufacturing
Bank Facilities
1460.00
30 Jan 2025
Unlisted
CARE BB+; Positive / CARE A4+
Aquaexchange Agritech Private Limited
Agriculture, forestry and fishing
Bank Facilities
250.00
30 Jan 2025
Unlisted
CARE BB; Stable
HES Infra Private Limited
Construction
Bank Facilities
12200.00
29 Jan 2025
Unlisted
CARE BB; Stable / CARE A4
Jana Small Finance Bank Limited
Banks
Lower Tier II
750.00
29 Jan 2025
Listed
CARE A; Stable
Yes
16 Feb 2025
CARE A; Stable
No
NA
Landmark Leisures & Hotels Private Limited
Hospitality
Bank Facilities
250.00
29 Jan 2025
Unlisted
CARE B+; Stable
Yes
14 Apr 2025
CARE B+; Stable
No
NA
M S Infraengineers Private Limited
Construction
Bank Facilities
250.00
29 Jan 2025
Unlisted
CARE BBB; Stable / CARE A3+
MARUTI NANDAN TELECOMM LLP
Wholesale and retail trade
Bank Facilities
900.00
29 Jan 2025
Unlisted
CARE BB; Stable / CARE A4
Yes
28 Mar 2025
CARE BB; Stable / CARE A4
No
NA