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
Aerospace Materials Private Limited
Other manufacturing
Bank Facilities
170.00
29 Oct 2025
Unlisted
CARE BBB-; Stable / CARE A3
Armour Display Systems Limited
Information Technology & ITes (IT Enabled Service
Bank Facilities
300.00
29 Oct 2025
Unlisted
CARE BBB; Stable / CARE A3+
Yes
09 Feb 2026
CARE BBB; Stable / CARE A3+
No
NA
HYDERABAD STPS LIMITED
Water supply; sewerage, waste management etc.
Bank Facilities
4000.00
29 Oct 2025
Unlisted
CARE BB; Stable
Inalco Metal Private Limited
Non ferrous Metals
Bank Facilities
925.00
29 Oct 2025
Unlisted
CARE BBB; Stable / CARE A3+
Joyalukkas India Limited
Gems & Jewellery
Bank Facilities
10000.00
29 Oct 2025
Unlisted
CARE A+; Stable / CARE A1+
KNY Projects Private Limited
Construction
Bank Facilities
500.00
29 Oct 2025
Unlisted
CARE B+; Stable / CARE A4
Lakshya Powertech Limited
Construction
Bank Facilities
450.00
29 Oct 2025
Listed
CARE BB+; Stable / CARE A4+
Neelkanth Star Private Limited
Hospitality
Bank Facilities
610.00
29 Oct 2025
Unlisted
CARE BB; Stable / CARE A4
Yes
05 Nov 2025
CARE BB; Stable / CARE A4
No
NA
Parmeshwari Silk Mills Limited
Textiles
Bank Facilities
250.00
29 Oct 2025
Listed
CARE BB+; Stable
Sugs Lloyd Limited
Construction
Bank Facilities
1250.00
29 Oct 2025
Listed
CARE BBB-; Stable / CARE A3
Yes
29 Oct 2025
CARE BBB-; Stable / CARE A3
No
NA
Suvidh Commodities E Com Private Limited
Transportation and storage
Bank Facilities
500.00
29 Oct 2025
Unlisted
CARE BB+; Stable / CARE A4+
Kannur International Airport Limited
Transportation and storage
Bank Facilities
11711.70
28 Oct 2025
Unlisted
CARE BB+; Stable
The Zigma Technologies india Private Limited
Information Technology & ITes (IT Enabled Service
Bank Facilities
980.00
28 Oct 2025
Unlisted
CARE BB+; Stable / CARE A4+
BLS International Services Limited
Information Technology & ITes (IT Enabled Service
Bank Facilities
500.00
28 Oct 2025
Listed
CARE A+ / CARE A1+ (Rating Watch with Developing Implications)
Shree Rajaram Infratech Private Limited
Construction
Bank Facilities
2100.00
26 Oct 2025
Unlisted
CARE BB-; Stable / CARE A4