Unaccepted Ratings

List of Unaccepted Ratings (As on 02-April-2026)

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
Gina Engineering Company Private Limited
Construction
Bank Facilities
2558.70
25 Jan 2026
Unlisted
CARE BBB / CARE A3+ (Rating Watch with Developing Implications)
Gujarat Colourlam Private Limited
Wood and wood products and cork, except furniture
Bank Facilities
50.00
23 Jan 2026
Unlisted
CARE BB+; Stable / CARE A4+
Verdant Stationery Private Limited
Paper and paper products
Bank Facilities
600.00
23 Jan 2026
Unlisted
CARE BB+; Stable / CARE A4+
Courage Infra Private Limited
Construction
Bank Facilities
600.00
22 Jan 2026
Unlisted
CARE BB+; Stable / CARE A4+
Energy In Motion Limited
Transportation and storage
Bank Facilities
1450.00
22 Jan 2026
Unlisted
CARE BBB-; Stable / CARE A3
Yes
02 Feb 2026
CARE BBB-; Stable / CARE A3
No
NA
A S Crane Services
Other Transport Equipment
Bank Facilities
900.00
21 Jan 2026
Unlisted
CARE BB; Stable
KEC Asian Cables Limited
Electronics - Industrial
Bank Facilities
1000.00
21 Jan 2026
Unlisted
CARE A; Stable / CARE A1
Yes
09 Feb 2026
CARE A; Stable / CARE A1
No
NA
Hi-Tech Pipes Limited
Iron and Steel
Commercial Paper (Standalone)
250.00
18 Jan 2026
Listed
CARE A1+
Mehra and Company
Construction
Bank Facilities
750.00
17 Jan 2026
Unlisted
CARE B+; Stable / CARE A4
R S INFRASTRUCTURE
Construction
Bank Facilities
30.00
17 Jan 2026
Unlisted
CARE B+; Stable / CARE A4
AVI RENEWABLE ENERGY PRIVATE LIMITED
Electricity - Generation
Bank Facilities
1750.00
15 Jan 2026
Unlisted
CARE BBB; Positive / CARE A3+
GOYAL EDIBLES PRIVATE LIMITED
Food and food products
Bank Facilities
500.00
15 Jan 2026
Unlisted
CARE BBB-; Stable / CARE A3
Srikar Biotech Private limited
Chemicals - diversified
Bank Facilities
1.30
15 Jan 2026
Unlisted
CARE A3+
Rehabilitation Engineering
Marbles & Tiles
Issuer Rating
.00
11 Jan 2026
Unlisted
CARE D
Mount Vista Private Limited
Construction
Bank Facilities
200.00
09 Jan 2026
Unlisted
CARE BB-; Stable / CARE A4