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

report-excel
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
Sepal Ceramic
Term Loan 1.24 June 27, 2025 [ICRA]B+ISSUER NOT COOPERATING (Stable) Issuer not cooperating Rationale
Cash Credit 3.40 [ICRA]B+ISSUER NOT COOPERATING (Stable)
Non fund based 2.0 [ICRA]A4ISSUER NOT COOPERATING
Unallocated Limits 1.49 [ICRA]B+ISSUER NOT COOPERATING (Stable) / [ICRA]A4ISSUER NOT COOPERATING
Solid State Systems Private Limited
Cash Credit 4.75 June 27, 2025 [ICRA]B+ISSUER NOT COOPERATING (Stable) Issuer not cooperating Rationale
Term Loan 3.2 [ICRA]B+ISSUER NOT COOPERATING (Stable)
Short Term - Non-Fund Based - Others 3.51 [ICRA]A4ISSUER NOT COOPERATING
Saiwin Ceramic Private Limited
Term Loans 7.27 June 27, 2025 [ICRA]BISSUER NOT COOPERATING (Stable) Issuer not cooperating Rationale
Cash Credit 4.0 [ICRA]BISSUER NOT COOPERATING (Stable)
Non-fund Based 1.0 [ICRA]A4ISSUER NOT COOPERATING
Ganga Dairy Limited
Term Loan 0.35 June 27, 2025 [ICRA]B+ISSUER NOT COOPERATING (Stable) Issuer not cooperating Rationale
Cash Credit 13.4 [ICRA]B+ISSUER NOT COOPERATING (Stable)
Unallocated Limit 0.25 [ICRA]B+ISSUER NOT COOPERATING (Stable)
Shri Haridarshan Jewellers
Cash Credit 10.5 June 27, 2025 [ICRA]DISSUER NOT COOPERATING Issuer not cooperating Rationale
Short term- Non Fund based 2.0 [ICRA]DISSUER NOT COOPERATING
Thiru Margadarshi Construction (P) Ltd.
Term Loan 4.0 June 27, 2025 [ICRA]DISSUER NOT COOPERATING Issuer not cooperating Rationale
Unallocated 6.0 [ICRA]DISSUER NOT COOPERATING
Madhuvan Prasad Infra Private Limited
Cash Credit 7.5 June 27, 2025 [ICRA]B+ISSUER NOT COOPERATING (Stable) Issuer not cooperating Rationale
Himalaya Food International Ltd.
Term Loan 136.11 June 26, 2025 [ICRA]DISSUER NOT COOPERATING Issuer not cooperating Rationale
Cash Credit 61.64 [ICRA]DISSUER NOT COOPERATING
Long-term Non-fund Based Facilities 7.0 [ICRA]DISSUER NOT COOPERATING
Short-term - Non-Fund based facilities 1.25 [ICRA]DISSUER NOT COOPERATING
Newage Laminators Private Limited
Cash Credit 3.5 June 26, 2025 [ICRA]B+ISSUER NOT COOPERATING (Stable) Issuer not cooperating Rationale
Non-fund Based 1.2 [ICRA]A4ISSUER NOT COOPERATING
Unallocated 3.46 [ICRA]B+ISSUER NOT COOPERATING (Stable) / [ICRA]A4ISSUER NOT COOPERATING
Term Loans 1.84 [ICRA]B+ISSUER NOT COOPERATING (Stable)
Shri Senthur Velan Infras
Cash Credit 11.0 June 26, 2025 [ICRA]B+ISSUER NOT COOPERATING (Stable) Issuer not cooperating Rationale
Non-fund Based 4.0 [ICRA]A4ISSUER NOT COOPERATING
R.R. Infraa Construction
Cash Credit 100.0 June 23, 2025 [ICRA]BBB (Stable) Review process is underway Rationale
Non Fund Based Limits 150.0 [ICRA]A3+
Gayath Industries
Cash Credit 0.5 June 20, 2025 [ICRA]B+ISSUER NOT COOPERATING (Stable) Issuer not cooperating Rationale
Unallocated 0.10 [ICRA]B+ISSUER NOT COOPERATING (Stable)
Term Loan 8.40 [ICRA]B+ISSUER NOT COOPERATING (Stable)
Lakshmanan Isola Pvt Ltd
Long-term Fund based – Cash Credit 7.75 June 20, 2025 [ICRA]B-ISSUER NOT COOPERATING (Stable) Issuer not cooperating Rationale
Fund Based Cash Credit 0.5 [ICRA]A4ISSUER NOT COOPERATING
Short Term - Non-Fund Based - Others 0.70 [ICRA]A4ISSUER NOT COOPERATING
Riona Laminate Pvt. Ltd.
Term Loans 3.5 June 18, 2025 [ICRA]B+ISSUER NOT COOPERATING (Stable) Issuer not cooperating Rationale
Cash Credit 3.0 [ICRA]B+ISSUER NOT COOPERATING (Stable)
Maithri Developers
Unallocated 60.0 June 18, 2025 [ICRA]B+ISSUER NOT COOPERATING (Stable) Issuer not cooperating Rationale
Royalica Tiles
Unallocated 7.07 June 18, 2025 [ICRA]BISSUER NOT COOPERATING (Stable) / [ICRA]A4ISSUER NOT COOPERATING Issuer not cooperating Rationale
Purbanchal Laminates Private Limited
Fund Based Cash Credit 7.75 June 18, 2025 [ICRA]B+ISSUER NOT COOPERATING (Stable) Issuer not cooperating Rationale
Term Loan 3.51 [ICRA]B+ISSUER NOT COOPERATING (Stable)
Non fund based 4.0 [ICRA]A4ISSUER NOT COOPERATING
Mavani Construction
Working Capital Term Loan 3.14 June 16, 2025 [ICRA]BB- (Stable) Review process is underway Rationale
Cash Credit 5.25 [ICRA]BB- (Stable)
Bank Guarantee 29.75 [ICRA]A4
Unallocated Limits 1.46 [ICRA]BB- (Stable) / [ICRA]A4
Chennai Textiles
Fund Based Cash Credit 25.0 June 05, 2025 [ICRA]A4ISSUER NOT COOPERATING Issuer not cooperating Rationale
Radhamani Textiles Private Limited
Long Term – Fund Based – Term Loan 20.0 June 04, 2025 [ICRA]A (Stable) Review process is underway Rationale
Long-term Fund-based – CC/WCDL 175.0 [ICRA]A (Stable)
Short-term Non-fund Based – LC 5.0 [ICRA]A2+
Simpolo International Private Limited
Long Term – Fund Based – Term Loan 444.0 June 26, 2025 [ICRA]AA- (Stable) Review process is underway Rationale
Long Term – Fund Based – Cash Credit 100.0 [ICRA]AA- (Stable)
Long Term/Short Term – Non-Fund based limits 35.0 [ICRA]AA- (Stable) / [ICRA]A1+
Sri Jayarama Automotives Private Limited
Non-fund Based 4.0 June 25, 2025 [ICRA]A4ISSUER NOT COOPERATING Issuer not cooperating Rationale
Cash Credit 21.0 [ICRA]B+ISSUER NOT COOPERATING (Stable)
Surya Sri Rice Mill
Cash Credit 41.0 June 25, 2025 [ICRA]B+ISSUER NOT COOPERATING (Stable) Issuer not cooperating Rationale
Non-Fund Based Limits 1.15 [ICRA]B+ISSUER NOT COOPERATING (Stable)
Term Loan 6.51 [ICRA]B+ISSUER NOT COOPERATING (Stable)
Unallocated Limit 0.34 [ICRA]B+ISSUER NOT COOPERATING (Stable)
Shrishti Technologies
Cash Credit 6.0 June 23, 2025 [ICRA]B+ISSUER NOT COOPERATING (Stable) Issuer not cooperating Rationale
Ongole Municipal Corporation
Issuer rating 0.0 June 18, 2025 [ICRA]B+ ISSUER NOT COOPERATING (Stable) Issuer not cooperating Rationale
Paras Defence & Space Technologies Limited
Fund Based Cash Credit 39.0 June 16, 2025 [ICRA]A- (Positive) Review process is underway Rationale
Bank guarantee and Letter of Credit 157.75 [ICRA]A- (Positive) / [ICRA]A2+
Fund based Overdraft 5.0 [ICRA]A- (Positive)
Uttar Gujarat Vij Company Limited
Fund Based Limits 325.0 June 10, 2025 [ICRA]AA (Stable) Review process is underway Rationale
Short-term Non Fund-based Limits 90.5 [ICRA]A1+
Non Fund Based Limits 79.75 [ICRA]AA (Stable)
Unallocated limits 3.75 [ICRA]AA (Stable) / [ICRA]A1+
Gujarat Energy Transmission Corporation Limited
Long Term Fund Based Limits 200.0 June 10, 2025 [ICRA]AA (Stable) Review process is underway Rationale
Long-term non-fund based limits 293.0 [ICRA]AA (Stable)
Short-term Non Fund-based Limits 333.0 [ICRA]A1+
Unallocated Limits 12066.89 [ICRA]AA (Stable) / [ICRA]A1+
Paschim Gujarat Vij Company Limited
Long-term Fund-based Limits 675.0 June 10, 2025 [ICRA]AA (Stable) Review process is underway Rationale
Non Fund Based Limits 47.0 [ICRA]AA (Stable)
Unallocated Limits 174.0 [ICRA]AA (Stable) / [ICRA]A1+
Short-term Non Fund-based Limits 90.0 [ICRA]A1+
Dakshin Gujarat Vij Company Limited
Long-term Fund-based Limits 625.0 June 10, 2025 [ICRA]AA (Stable) Review process is underway Rationale
Non Fund Based Limits 58.5 [ICRA]AA (Stable)
Short-term Non Fund-based Limits 30.0 [ICRA]A1+
Long-term/Short-term Unallocated Limits 2.5 [ICRA]AA (Stable) / [ICRA]A1+
Madhya Gujarat Vij Company Limited
Long-Term fund based limits 375.0 June 10, 2025 [ICRA]AA (Stable) Review process is underway Rationale
Non Fund Based Limits 47.0 [ICRA]AA (Stable)
Short-term Non Fund-based Limits 37.0 [ICRA]A1+
Unallocated limits 43.0 [ICRA]AA (Stable) / [ICRA]A1+
Gujarat State Electricity Corporation Limited
Long Term Fund Based Limits 525.0 June 10, 2025 [ICRA]AA (Stable) Review process is underway Rationale
Long-term non-fund based limits 346.0 [ICRA]AA (Stable)
Short Term Fund Based Limits 500.0 [ICRA]A1+
Short-term Non Fund-based Limits 934.15 [ICRA]A1+
Unallocated Limits 10593.95 [ICRA]AA (Stable) / [ICRA]A1+
Gujarat Urja Vikas Nigam Limited
Fund Based Limits 275.0 June 10, 2025 [ICRA]AA (Stable) Review process is underway Rationale
Short-term Non Fund-based Limits 5477.95 [ICRA]A1+
Unallocated Limits 2.05 [ICRA]A1+
Onshore Construction Company Private Limited
Long Term – Fund Based – Cash Credit 10.0 June 04, 2025 [ICRA]A- (Stable) Review process is underway Rationale
Long Term / Short Term – Fund Based/Non Fund Based – Working Capital Limits 330.0 [ICRA]A- (Stable) / [ICRA]A2+
Long Term/Short Term – Unallocated 10.0 [ICRA]A- (Stable) / [ICRA]A2+
Sahyadri Farmers Producer Company Limited
Cash Credit 20.0 June 30, 2025 [ICRA]A- (Stable) Review process is underway Rationale
Term Loan 6.66 [ICRA]A- (Stable)
Overdraft 20.0 [ICRA]A- (Stable) / [ICRA]A2+
Letter of Credit 5.0 [ICRA]A2+