Unaccepted Ratings

List of Unaccepted Ratings (As on 06-September-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
Mahaveer Electro Mech Private Limited
Construction
Bank Facilities
1500.00
14 Feb 2025
Unlisted
CARE BB+; Stable / CARE A4+
HIMACHAL PRADESH STATE ELECTRICITY BOARD LIMITED
Electricity - Transmission and distribution
Bank Facilities
3980.00
13 Feb 2025
Unlisted
CARE BB+; Stable
Yes
23 Apr 2025
CARE BB+; Stable
No
NA
TVS Electronics Limited
Computer hardware, electronic and optical products
Bank Facilities
996.30
09 Feb 2025
Listed
CARE BBB+; Positive / CARE A2
Kiwi Cottspin Mill Private Limited
Textiles
Bank Facilities
290.00
07 Feb 2025
Unlisted
CARE BB; Stable / CARE A4
Atlantaa Limited
Construction
Issuer Rating
.00
01 Feb 2025
Listed
CARE D
Bhimraj Exports Private Limited
Food and food products
Bank Facilities
1180.00
30 Jan 2025
Unlisted
CARE BB+; Stable / CARE A4+
ETH Biofuels Private Limited
Other manufacturing
Bank Facilities
350.00
30 Jan 2025
Unlisted
CARE BB-; Stable
FS Green Energies Private Limited
Electrical Equipment
Bank Facilities
1000.00
30 Jan 2025
Unlisted
CARE BB+; Stable / CARE A4+
GLS INFRACON PRIVATE LIMITED
Real Estate activites
Bank Facilities
220.00
30 Jan 2025
Unlisted
CARE BB+; Stable / CARE A4+
GLS INFRAPROJECTS PRIVATE LIMITED
Real Estate activites
Bank Facilities
700.00
30 Jan 2025
Unlisted
CARE BB+; Stable / CARE A4+
GLS INFRATECH PRIVATE LIMITED
Real Estate activites
Bank Facilities
690.00
30 Jan 2025
Unlisted
CARE BB+; Stable / CARE A4+
HEERA RAM GODARA
Construction
Bank Facilities
1000.00
30 Jan 2025
Unlisted
CARE BB+; Stable / CARE A4+
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