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
Olive Ecopak Private Limited
Paper and paper products
Bank Facilities
1330.20
10 Apr 2026
Unlisted
CARE BB-; Stable / CARE A4
Bindlas Duplux Limited
Paper and paper products
Bank Facilities
1210.00
09 Apr 2026
Unlisted
CARE BB+; Stable / CARE A4+
Kishangarh Beawar NH- 8 Tollway Private Limited
Construction
Non Convertible Debentures
7420.00
09 Apr 2026
Unlisted
Provisional CARE AA; Stable
The above rating is provisional and shall be confirmed once the company submits all the below-mentioned documents to the satisfaction of CARE Ratings Limited (CARE Ratings): ~a. Completion of documentation for debt structure i.e. final term sheet and debenture trust deed. ~b. The execution of the escrow agreement corresponding to the rated NCDs.~c. Creation of upfront Debt service reserve account as per stipulation. ~
Kishangarh Beawar NH- 8 Tollway Private Limited
Construction
Rating in the absence of the pending steps/documents
.00
09 Apr 2026
Unlisted
No Ratings Can Be Assigned
Surat Hazira NH-6 Tollway Private Limited
Construction
Non Convertible Debentures
11380.00
09 Apr 2026
Unlisted
Provisional CARE AA; Stable
The above rating is provisional and shall be confirmed once the company submits all the below-mentioned documents to the satisfaction of CARE Ratings Limited (CARE Ratings): ~a. Completion of documentation for debt structure i.e. final term sheet and debenture trust deed. ~b. The execution of the escrow agreement corresponding to the rated NCDs.~c. Creation of upfront Debt service reserve account as per stipulation. ~
Surat Hazira NH-6 Tollway Private Limited
Construction
Rating in the absence of the pending steps/documents
.00
09 Apr 2026
Unlisted
No Ratings Can Be Assigned
Rama Reflection India Private Limited
Electricity - Generation
Bank Facilities
1000.00
08 Apr 2026
Unlisted
CARE BB; Stable / CARE A4
RRP S4E Innovation Limited
Diversified
Bank Facilities
171.00
01 Apr 2026
Unlisted
CARE BB; Stable / CARE A4
Adrika Developers Private Limited
Real Estate activites
Bank Facilities
1000.00
01 Apr 2026
Unlisted
CARE B+; Stable
Bhavanika Buildcon Private Limited
Real Estate activites
Bank Facilities
250.00
01 Apr 2026
Unlisted
CARE BB-; Stable
Chalama Infraproperties Private Limited
Real Estate activites
Bank Facilities
50.00
01 Apr 2026
Unlisted
CARE B+; Stable
D D Associates (AOP)
Real Estate activites
Bank Facilities
50.00
01 Apr 2026
Unlisted
CARE BB-; Stable
Dosti Corporation Business Park
Real Estate activites
Bank Facilities
250.00
01 Apr 2026
Unlisted
CARE BB-; Stable
Dosti Corporation Presidio
Real Estate activites
Bank Facilities
500.00
01 Apr 2026
Unlisted
CARE BB-; Stable
Dosti Enterprises
Real Estate activites
Bank Facilities
1000.00
01 Apr 2026
Unlisted
CARE BB; Stable