Unaccepted Ratings

List of Unaccepted Ratings (As on 18-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
Foram Exim LLP
Food and food products
Bank Facilities
50.00
26 Dec 2024
Unlisted
CARE BB+; Stable / CARE A4
Progressive Transit Private Limited
Other manufacturing
Bank Facilities
1065.00
26 Dec 2024
Unlisted
CARE BB+; Stable
Yes
24 Mar 2025
CARE BB+; Stable
Yes
Yes
Vindhyachal Distilleries Private Limited
Hospitality
Bank Facilities
474.80
26 Dec 2024
Unlisted
CARE BBB-; Stable / CARE A3
Tara Coal Mining Private Limited
Marbles & Tiles
Bank Facilities
1000.00
25 Dec 2024
Unlisted
CARE BBB-; Stable
Urban View Developers LLP
Real Estate activites
Bank Facilities
250.00
25 Dec 2024
Unlisted
CARE BB+; Stable / CARE A4+
Ascent Engineers and Infrastructures India Private Limited
Construction
Bank Facilities
150.00
21 Dec 2024
Unlisted
CARE BB+; Stable / CARE A4+
Atul Kurariya Private Limited
Construction
Bank Facilities
820.00
21 Dec 2024
Unlisted
CARE BB+; Stable / CARE A4+
Yes
21 May 2025
CARE BB+; Stable / CARE A4+
No
NA
HEC Infra Projects Limited
Construction
Bank Facilities
450.00
21 Dec 2024
Listed
CARE BB+; Stable / CARE A4+
Parasakti Cement Industries Limited
Cement and related products
Bank Facilities
1240.00
21 Dec 2024
Unlisted
CARE BB; Stable / CARE A4
S A Pharmachem Private Limited
Pharmaceuticals
Bank Facilities
590.00
20 Dec 2024
Unlisted
CARE B+; Stable / CARE A4
Shri Ram Finance Corporation Private Limited
Micro Finance Institutions (MFI)
Commercial Paper (Standalone)
600.00
18 Dec 2024
Unlisted
CARE A2
Richa Info Systems Limited
Information Technology & ITes (IT Enabled Service
Bank Facilities
90.00
13 Dec 2024
Unlisted
CARE B; Stable / CARE A4
Honasa Consumer Limited
Other manufacturing
Bank Facilities
250.00
12 Dec 2024
Listed
CARE A-; Stable / CARE A2+
HMEL Organics Private Limited
Beverages
Bank Facilities
3500.00
10 Dec 2024
Unlisted
CARE A+; Stable / CARE A1+
Modern Distropolis Limited
Wholesale and retail trade
Bank Facilities
510.00
05 Dec 2024
Unlisted
CARE D