Unaccepted Ratings

List of Unaccepted Ratings (As on 26-July-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
Ajanma Industries LLP
Electrical Equipment
Bank Facilities
270.00
25 Jul 2026
Unlisted
CARE B+; Stable / CARE A4
Rare SS Properties India Private Limited
Real Estate activites
Bank Facilities
4970.00
25 Jul 2026
Unlisted
CARE BB+; Stable
S.P.Y. Agro Industries Limited
Beverages
Bank Facilities
2250.00
25 Jul 2026
Unlisted
CARE BB; Stable / CARE A4
Saravana Stores (Jewel) Super Limited
Gems & Jewellery
Issuer Rating
.00
25 Jul 2026
Unlisted
CARE BBB-; Stable
Grover Jewells Limited
Other manufacturing
Non Convertible Debentures
500.00
24 Jul 2026
Unlisted
CARE BB+; Stable
Flovel Energy Private Limited
Diversified
Bank Facilities
2500.00
23 Jul 2026
Unlisted
CARE BBB; Stable / CARE A3+
Indostar Capital Finance Limited-Securitisation
Other Financial companies
Securitisation
.00
23 Jul 2026
Unlisted
No Ratings Can Be Assigned
Indostar Capital Finance Limited-Securitisation
Other Financial companies
Securitisation
203.50
23 Jul 2026
Unlisted
Provisional CARE A (SO)
a. Assignment agreement~b. Trust deed~c. Power of attorney~d. A legal opinion from an independent legal counsel~e. Due diligence audit report~f. Any other documents executed for the transaction.
Indostar Capital Finance Limited-Securitisation
Other Financial companies
Securitisation
1831.80
23 Jul 2026
Unlisted
Provisional CARE AAA (SO)
a. Assignment agreement~b. Trust deed~c. Power of attorney~d. A legal opinion from an independent legal counsel~e. Due diligence audit report~f. Any other documents executed for the transaction.
MRKR Constructions and Industries Private Limited
Construction
Bank Facilities
2130.00
23 Jul 2026
Unlisted
CARE BB+; Stable / CARE A4+
Bajaj Healthcare Limited
Wholesale and retail trade
Bank Facilities
3000.00
22 Jul 2026
Unlisted
CARE A-; Stable / CARE A2
Bhartiya Rail Bijlee Company Limited
Electricity - Transmission and distribution
Bank Facilities
10130.00
22 Jul 2026
Unlisted
CARE AA+; Stable
GVR Infra Projects Limited
Construction
Bank Facilities
1000.00
21 Jul 2026
Unlisted
CARE B+; Stable / CARE A4
Kalyani Alloy Castings Limited
Fabricated metal products
Bank Facilities
850.00
21 Jul 2026
Unlisted
CARE BB; Stable / CARE A4
Jain International Power Limited
Electrical Equipment
Bank Facilities
300.00
18 Jul 2026
Unlisted
CARE BB+; Stable