Unaccepted Ratings

List of Unaccepted Ratings (As on 27-March-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
Kanwar Enterprises Private Limited
Construction
Bank Facilities
1700.00
03 Oct 2025
Unlisted
CARE BB+; Stable / CARE A4+
Akshay Builders And Constructions Private Limited
Construction
Bank Facilities
700.00
01 Oct 2025
Unlisted
CARE BB; Stable / CARE A4
Jama Corporation Private Limited
Other manufacturing
Bank Facilities
1000.00
01 Oct 2025
Unlisted
CARE BB+; Stable / CARE A4+
Yes
25 Feb 2026
CARE BBB- / CARE A3 (Rating Watch with Developing Implications)
Yes
Yes
Power Transmission Corporation of Uttarakhand Limited
Electricity - Transmission and distribution
Bank Facilities
16678.00
01 Oct 2025
Unlisted
CARE A; Stable
Yes
29 Dec 2025
CARE A; Stable
No
NA
Triton Valves Limited
Auto
Bank Facilities
1200.00
01 Oct 2025
Listed
CARE BBB; Stable / CARE A3+
Ganges Bulk Terminal Private Limited
Transportation and storage
Bank Facilities
5400.00
30 Sep 2025
Unlisted
CARE BBB+; Stable / CARE A2
Yes
01 Jan 2026
CARE BBB+; Stable / CARE A2
No
NA
Chidu Infratech Private Limited
Construction
Bank Facilities
250.00
28 Sep 2025
Unlisted
CARE BB+; Stable
Saizar Enterprise Private Limited
Transportation and storage
Bank Facilities
1600.00
28 Sep 2025
Unlisted
CARE BB+; Stable / CARE A4+
Saptam Decore Private Limited
Particles Boards
Bank Facilities
1194.80
28 Sep 2025
Unlisted
CARE BB; Stable / CARE A4
Yes
18 Dec 2025
CARE BB; Stable / CARE A4
No
NA
Virola International
Leather and related products
Bank Facilities
500.00
28 Sep 2025
Unlisted
CARE BB+; Stable / CARE A4+
Analogics Tech India Limited
Electronics - Industrial
Bank Facilities
650.00
27 Sep 2025
Unlisted
CARE BB; Stable / CARE A4
Renergo Developers Private Limited
Construction
Bank Facilities
100.00
27 Sep 2025
Unlisted
CARE BB+; Stable / CARE A4+
Rishabh Metals & Chemicals Private Limited
Chemicals and chemical products
Bank Facilities
300.00
27 Sep 2025
Unlisted
CARE BBB+; Stable
Yes
30 Dec 2025
CARE BBB+; Stable
No
NA
Shukun Builders Private Limited
Diversified
Bank Facilities
250.00
27 Sep 2025
Unlisted
CARE BB+; Stable / CARE A4+
Siddharth Carbochem Products Limited
Chemicals and chemical products
Bank Facilities
420.00
27 Sep 2025
Unlisted
CARE BBB+; Stable / CARE A2
Yes
30 Dec 2025
CARE BBB+; Stable / CARE A2
No
NA