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List of issuers where there is a delay in carrying out the periodic surveillance

Entity Name Instrument Type Rated Amount (Rs. crore) Date of last Rationale Rating as per last Rationale Reason for delay in carrying out periodic review Latest Rationale
Jayant Agro-Organics Limited
Short-term Fund-based Limits 262.1 March 24, 2023 [ICRA]A2+ Review process is underway Rationale
Unallocated Limits 78.4 [ICRA]A- (Stable) / [ICRA]A2+
Short-term Non-fund Based Limit 9.5 [ICRA]A2+
Ihsedu Agro Chem Private Limited
Long-term Fund Based 5.0 March 24, 2023 [ICRA]A- (Stable) Review process is underway Rationale
Short-term fund Based 414.0 [ICRA]A2+
Short-term Non-fund Based Limit 13.0 [ICRA]A2+
Kalthia Infra-Con Private Limited
Term Loan 28.0 March 15, 2023 [ICRA]BB+(CE)(Stable)ISSUERNOTCOOPERATING (Stable) ISSUER NOT COOPERATING Rationale
Foundations, Developers and Promoters
Term Loan 7.7 March 10, 2023 [ICRA]B (Stable) Review process is underway Rationale
Unallocated Limits 7.3 [ICRA]B (Stable)
East India Pharmaceutical Works Limited
Cash Credit 37.0 March 09, 2023 [ICRA]BBB- (Stable) Review process is underway Rationale
Term Loan 11.0 [ICRA]BBB- (Stable)
Letter of Credit 5.85 [ICRA]A3
Bank Guarantee 1.25 [ICRA]A3
Seedworks International Private Limited
Cash Credit 40.0 March 03, 2023 [ICRA]A (Stable) Review process is underway Rationale
Short Term - Fund Based 30.0 [ICRA]A2+
Karnataka Power Corporation Limited
Term Loan 19922.6 March 20, 2024 [ICRA]BB (Stable) Review process is underway Rationale
Non-Fund Based Limit 194.0 [ICRA]BB (Stable)
Short term loans 13407.0 [ICRA]A4
Cash Credit 978.5 [ICRA]BB (Stable)
KCPL SPUR Haridwar Highway Private Limited
Term Loans 627.0 March 31, 2023 [ICRA]BBB+ (Stable) Review process is underway Rationale
VSV Offsite Private Limited
Long-term fund-based – Term Loan 4.2 March 27, 2023 [ICRA]A- (Stable) Review process is underway Rationale
FPEL MAHA 2 Private Limited
Long-term fund-based – Term Loan 31.5 March 27, 2023 [ICRA]A- (Stable) Review process is underway Rationale
ABREL Solar Power Limited
Term Loan 228.0 March 27, 2023 [ICRA]AA (Stable) Review process is underway Rationale
Aditya Birla Renewables Solar Limited
Term Loan 127.7 March 24, 2023 [ICRA]AA (Stable) Review process is underway Rationale
Ashoka Kharar Ludhiana Road Limited
Term Loan 0.0 March 23, 2023 Withdrawn Review process is underway Rationale
Term Loans 453.95 [ICRA]AA- (Stable)
Menzies Aviation (Bengaluru) Private Limited
Term Loan 125.0 March 07, 2023 [ICRA]A (Stable) Review under process Rationale
Triveni Engicons Private Limited
Cash Credit 34.0 September 29, 2023 [ICRA]A- (Stable) Review process in underway Rationale
Bank Guarantee 279.0 [ICRA]A2+
Unallocated Limits 43.0 [ICRA]A- (Stable) / [ICRA]A2+
Arkiton Tiles LLP
Term Loan 5.55 March 29, 2023 [ICRA]B+ISSUER NOT COOPERATING (Stable) ISSUER NOT COOPERATING Rationale
Cash Credit 3.5 [ICRA]B+ISSUER NOT COOPERATING (Stable)
Non fund based 1.35 [ICRA]A4ISSUER NOT COOPERATING
Unallocated Limits 1.40 [ICRA]B+ISSUER NOT COOPERATING (Stable) / [ICRA]A4ISSUER NOT COOPERATING
Innovassynth Technologies (I) Limited
Term Loans 4.60 March 28, 2023 [ICRA]BBB+ (Stable) Review process is underway Rationale
Letter of Credit 12.5 [ICRA]A2
Fund based – Export Packing Credit 15.0 [ICRA]BBB+ (Stable)
Neon Motors Private Limited
Long-term fund-based – Term Loans 5.0 March 27, 2023 [ICRA]BB+ (Stable) Review Process Underway Rationale
Long-term Fund-based – Cash credit 87.0 [ICRA]BB+ (Stable)
Short Term – Non-Fund Based 6.5 [ICRA]A4+
Long-term/Short-term – unallocated 0.05 [ICRA]BB+ (Stable) / [ICRA]A4+
Malik Cars Private Limited
Cash Credit 30.0 March 02, 2023 [ICRA]BB (Stable) Review Process Underway Rationale
Unallocated Limits 2.0 [ICRA]BB (Stable)
Bhumi Cottex Industry Private Limited
Term Loans 4.0 July 10, 2023 [ICRA]B+ISSUER NOT COOPERATING (Stable) Issuer Not Cooperating on NDS Rationale
Cash Credit 17.0 [ICRA]B+ISSUER NOT COOPERATING (Stable)
Unallocated Limits 7.0 [ICRA]B+ISSUER NOT COOPERATING (Stable) / [ICRA]A4ISSUER NOT COOPERATING
Jabs International Private Limited
Fund based/Non Fund based 88.0 March 31, 2023 [ICRA]A- (Stable) / [ICRA]A2+ Review process is underway Rationale
Hical Technologies Private Limited
Term Loan 16.2 March 30, 2023 [ICRA]BB+ (Negative) Review process is underway Rationale
Short Term-EPC/PCFC 40.0 [ICRA]A4+
Short-term – Non-fund based 3.0 [ICRA]A4+
Unallocated 0.80 [ICRA]BB+ (Negative) / [ICRA]A4+
Star Automobiles (MP) Limited
Cash Credit 10.0 March 29, 2023 [ICRA]BBB- (Stable) Issuer not cooperating Rationale
Manipal Academic Services International
Term Loan 1125.0 March 27, 2023 [ICRA]BBB+ (Stable) Review process is underway Rationale
Unallocated Limits 75.0 [ICRA]BBB+ (Stable)
MIT World Peace University
Term Loan 32.0 March 27, 2023 [ICRA]A (Stable) Review process is underway Rationale
Unallocated 3.0 [ICRA]A (Stable)
VRC Constructions (India) Private Limited
Cash Credit 44.0 March 24, 2023 [ICRA]A (Stable) Review process is underway Rationale
Bank Guarantee 577.0 [ICRA]A (Stable) / [ICRA]A2+
VRC DC Highways Private Limited
Term Loan 252.6 March 21, 2023 [ICRA]A(CE) (Stable) Review process is underway Rationale
Al Gyas Exports Private Limited
Foreign Documentary Bills for Purchase (FDBP)/Foreign Usance Discount Bill Purchase 100.0 March 20, 2023 [ICRA]A4+ Review process is underway Rationale
Bank Guarantee 5.0 [ICRA]A4+
Sakar Healthcare Limited
Cash Credit 20.5 March 10, 2023 [ICRA]BBB (Stable) Review process underway Rationale
Term Loan 97.25 [ICRA]BBB (Stable)
Unallocated Limits 0.20 [ICRA]BBB (Stable) / [ICRA]A3+
CDET Explosive Industries Private Limited
Short-term: Interchangeable 20.0 March 31, 2023 [ICRA]A2+ Review process is underway Rationale
Unallocated Limits 23.15 [ICRA]A- (Stable)
Term Loan 9.3 [ICRA]A- (Stable)
Cash Credit 22.5 [ICRA]A- (Stable)
SM Corporation Ltd.
Cash Credit 20.0 March 30, 2023 [ICRA]BB (Stable) Review process underway Rationale
Electronic Dealer Finance 45.0 [ICRA]BB (Stable)
Short Term Loan 15.0 [ICRA]A4
MVV And GV Housing
Term Loan 150.0 March 28, 2023 [ICRA]BB- (Stable) Review process in underway Rationale
Simpliwork Offices Pvt Ltd
Term Loan 104.0 March 27, 2023 [ICRA]A(CE) (Stable) Review process in underway Rationale
Shell MRPL Aviation Fuels and Services Limited
Fund-based Working Capital Facilities 150.0 March 17, 2023 [ICRA]AA- (Stable) Review process is underway Rationale
Non-fund based Working Capital Facilities 15.0 [ICRA]A1+
Mecon Limited
Bank Guarantee 330.95 March 16, 2023 [ICRA]BBB (Stable) Review process is underway Rationale
Letter of Credit 8.0 [ICRA]BBB (Stable)
Working capital facilities 100.0 [ICRA]A2
Unallocated Limits 70.05 [ICRA]BBB (Stable) / [ICRA]A2
Aarti Distilleries Private Limited
Term Loan 234.1 March 13, 2023 [ICRA]BBB+ (Stable) Review Process Underway Rationale
Unallocated 25.85 [ICRA]BBB+ (Stable) / [ICRA]A2
Rajasthan Liquors Limited
Cash Credit 135.0 March 13, 2023 [ICRA]A- (Stable) Review Process Underway Rationale
Term Loan 31.75 [ICRA]A- (Stable)
Non-fund Based 15.0 [ICRA]A- (Stable) / [ICRA]A2+
Unallocated Limit 25.2 [ICRA]A- (Stable) / [ICRA]A2+
Long-term/ Short-term Fund-based – Standby Line of Credit 18.0 [ICRA]A- (Stable) / [ICRA]A2+
Associated Broadcasting Company Private Limited
Long term – Fund based 30.0 March 13, 2023 [ICRA]A- (Stable) Review process in underway Rationale
Long Term – Non-fund Based 2.0 [ICRA]A- (Stable)
Long-term Unallocated 38.0 [ICRA]A- (Stable)
BVSR Constructions Private Limited
Fund Based Cash Credit 10.0 March 07, 2023 [ICRA]BBB+ (Stable) Review is underway Rationale
Unallocated 84.0 [ICRA]BBB+ (Stable)
Non fund based 220.0 [ICRA]BBB+ (Stable)
Nanda Chemicals Private Limited
Fund Based Cash Credit 20.0 March 07, 2023 [ICRA]BBB- (Stable) Issuer delayed in giving information Rationale
Letter of Credit 40.0 [ICRA]A3
Unallocated 15.0 [ICRA]BBB- (Stable) / [ICRA]A3
Elmot Alternators Private Limited
Fund Based Cash Credit 5.0 March 31, 2023 [ICRA]B+ (Stable) Information not received Rationale
Term Loan 2.5 [ICRA]B+ (Stable)
Bill Discounting 8.0 [ICRA]A4
Bank Guarantee 4.0 [ICRA]A4
Letter of Credit 4.0 [ICRA]A4