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Rating Rationales




Date Organization Description
06 April 2026Sammaan Capital Ltd.(erstwhile Indiabulls Housing Finance Ltd.) Rating Placed on Watch with Developing Implications
Chamundi Distilleries Pvt. Ltd. Issuer did not cooperate; Based on best available information; Rating moved to Not Reviewed Advisory;
DCS International Trading Company Pvt. Ltd. Issuer did not cooperate; Based on best available information; Rating moved to Not Reviewed Advisory;
Dassan Fashions Private Limited. Issuer did not cooperate; Based on best available information; Continues to be in ISSUER NOT COOPERATING* category/Reaffirmed;
Continental Trans Tech Pvt. Ltd. Issuer did not cooperate; Based on best available information; Rating moved to Not Reviewed Advisory;
Goldstone Cements Ltd. Issuer did not cooperate; Based on best available information; Rating moved to Not Reviewed Advisory;
RubyKon Manufacturing Company Issuer did not cooperate; Based on best available information; Continues to be in ISSUER NOT COOPERATING* category/Reaffirmed;
Stellence Pharmscience Pvt. Ltd. Issuer did not cooperate; Based on best available information; Long Term Continues to be in ISSUER NOT COOPERATING* category/Reaffirmed;
Satra Properties India Limited Issuer did not cooperate; Based on best available information; Rating moved to Not Reviewed Advisory;
Coastal Farms Issuer did not cooperate; Based on best available information; Rating moved to Not Reviewed Advisory;
Primary Agriculture Credit Co-Operative Society Ltd., Kolur. Issuer did not cooperate; Based on best available information; Rating moved to Not Reviewed Advisory;
Gnyana Mandir Trust Issuer did not cooperate; Based on best available information; Long Term Continues to be in ISSUER NOT COOPERATING* category/Reaffirmed;
Rudra Industries Issuer did not cooperate; Based on best available information; Rating moved to Not Reviewed Advisory;
JS Industries Issuer did not cooperate; Based on best available information; Rating moved to Not Reviewed Advisory;
Bharat Dall & Oil Industries Issuer did not cooperate; Based on best available information; Rating moved to Not Reviewed Advisory;
Kerudi Healthcare Pvt. Ltd. Issuer did not cooperate; Based on best available information; Rating moved to Not Reviewed Advisory;
Premier Plasmotec Pvt. Ltd. Issuer did not cooperate; Based on best available information; Rating moved to Not Reviewed Advisory;
Tara Chand Industries Limited Issuer did not cooperate; Based on best available information; Rating moved to Not Reviewed Advisory;
Ragavs Diagnostic & Research Centre Pvt. Ltd. Issuer did not cooperate; Based on best available information; Rating moved to Not Reviewed Advisory;
Capital Small Finance Bank Ltd (Erstwhile:Capital Local Area Bank Ltd.) Bonds Rating Reaffirmed; Outstanding Ratings Withdrawn;
Jain Industries Issuer did not cooperate; Based on best available information; Long Term Continues to be in ISSUER NOT COOPERATING* category/Reaffirmed;
Yogesh Chaudhary Issuer did not cooperate; Based on best available information; Continues to be in ISSUER NOT COOPERATING* category/Reaffirmed;
Safeway Dredging Enterprises Issuer did not cooperate; Based on best available information; Continues to be in ISSUER NOT COOPERATING* category/Reaffirmed;
Sumeet Facilities Ltd.(Formerly Known as Sumeet Facilities Pvt. Ltd.) Issuer did not cooperate; Based on best available information; Rating moved to Not Reviewed Advisory;
Trimbakeshwar Cotton Corporation Issuer did not cooperate; Based on best available information; Rating moved to Not Reviewed Advisory;
Pasari Multiprojects Pvt. Ltd. Issuer did not cooperate; Based on best available information; Rating moved to Not Reviewed Advisory;
Vikram Knittex Pvt. Ltd. Issuer did not cooperate; Based on best available information; Rating moved to Not Reviewed Advisory;
C-Net Infotech Pvt. Ltd. Issuer did not cooperate; Based on best available information; Rating moved to Not Reviewed Advisory;
RattanIndia Power Ltd. Issuer did not cooperate; Based on best available information; Rating moved to Not Reviewed Advisory;
Concrete Developers Issuer did not cooperate; Based on best available information; Rating moved to Not Reviewed Advisory;
JOYO Plastics Issuer did not cooperate; Based on best available information; Rating moved to Not Reviewed Advisory;
Pooja Finance Ltd. Issuer did not cooperate; Based on best available information; Long Term Continues to be in ISSUER NOT COOPERATING* category/Reaffirmed;
Dubas Engineering Pvt. Ltd. Issuer did not cooperate; Based on best available information; Rating moved to Not Reviewed Advisory;
Kshema Power and Infrastructure Company Pvt. Ltd. Issuer did not cooperate; Based on best available information; Continues to be in ISSUER NOT COOPERATING* category/Reaffirmed;
Sameera Agro Industries Issuer did not cooperate; Based on best available information; Rating moved to Not Reviewed Advisory;
Viva Distributors Pvt. Ltd Issuer did not cooperate; Based on best available information; Rating moved to Not Reviewed Advisory;
Chopra Traders Issuer did not cooperate; Based on best available information; Continues to be in ISSUER NOT COOPERATING* category/Reaffirmed;
Jalnidhi Bitumen Specialties Pvt. Ltd. Issuer did not cooperate; Based on best available information; Continues to be in ISSUER NOT COOPERATING* category/Reaffirmed;
Libra Autosales Pvt. Ltd. Issuer did not cooperate; Based on best available information; Rating moved to Not Reviewed Advisory;
Baril Marketing Pvt Ltd Issuer did not cooperate; Based on best available information; Long Term Continues to be in ISSUER NOT COOPERATING* category/Reaffirmed;
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