Revision in Rating Nomenclature : Ratings on Watch

Pursuant to SEBI circular no SEBI/HO/DDH:-DDHS-RACPOD2/P/CIR/2022/146 dated October 31,2022, Infomerics Ratings has revised the rating nomenclature for credit ratings on watch. Previous rating symbol and new rating symbol for the outstanding ratings which are on watch are indicated in the table below.

Sr. No.

Name of the Company

Previous Rating

Revised Rating

1

Subhlakshmi Finance Private Limited

IVR BBB- / CWNI

IVR BBB- / RWNI

2

Viraj Profiles Limited.

IVR A- / CWDI & IVR A2+ / CWDI

IVR A- / RWDI & IVR A2+ / RWDI

3

Eknath Infrastructure LLP

IVR BBB- / CWDI

IVR BBB- / RWDI

4

Dugar Polymers Limited

IVR BBB- / CWDI & IVR A3 CWDI

IVR BBB- / RWDI & IVR A3 RWDI

5

AVG Logistics Limited

IVR BBB- / CWDI & IVR A3 CWDI

IVR BBB- / RWDI & IVR A3 RWDI

6

Raxa Security Services Limited.

Supported: IVR BBB- (CE) / CWDI; Unsupported: IVR BB+ / Stable

Supported: IVR BBB- (CE) / RWDI; Unsupported: IVR BB+ / Stable

7

Arka Educational and Cultural Trust.

IVR BBB / CWDI & IVR A3+ / CWDI

IVR BBB / RWDI & IVR A3+ / RWDI

8

Arka Eduserv Private Limited

IVR BBB / CWDI

IVR BBB / RWDI

9

Paul Merchants Limited

IVR A / CWDI & IVR A1 / CWDI

IVR A / RWDI & IVR A1 / RWDI

10

Amrit Papers Private Limited [erstwhile Amrit Agencies (Indore) Private Limited]

IVR BBB- / CWDI

IVR BBB- / RWDI

11

Shri Rathna Akshaya Estates Private Limited

IVR BBB+ / CWDI

IVR BBB+ / RWDI

12

Lighting Technologies India Private Limited (LTIPL)

IVR BBB- / CWDI & IVR A3 CWDI

IVR BBB- / RWDI & IVR A3 RWDI

13

Ananda Dairy Limited

IVR BBB+ / CWDI & IVR A2

IVR BBB+ / RWDI & IVR A2

14

Sterling Foods (STF)

IVR A3 / CWDI

IVR A3 / RWDI

15

Melco India Private Limited

IVR BBB- / CWDI & IVR A3

IVR BBB- / RWDI & IVR A3

16

Vikrma Impex Private Limited (VIPL)

IVR BBB- / CWDI & IVR A3 CWDI

IVR BBB- / RWDI & IVR A3 RWDI

17

Sri Shyam Fashion India Private Limited

IVR BBB- / CWDI & IVR A3 CWDI

IVR BBB- / RWDI & IVR A3 RWDI

18

Jai Gopal International Impex Private Limited

IVR BBB- / CWDI & IVR A3 CWDI

IVR BBB- / RWDI & IVR A3 RWDI

19

Reverence Infrastructure India LLP

IVR BBB- / CWDI

IVR BBB- / RWDI

20

Ajeet Seeds Private Limited

IVR A / CWDI

IVR A / RWDI

21

Indiabulls Real Estate Limited

IVR A+ / CWDI & IVR A1+ / CWDI

IVR A+ / RWDI & IVR A1+ / RWDI

22

Eknath Infrastructure LLP

IVR BBB- / CWDI

IVR BBB- / RWDI

23

Tapir Constructions Limited

Supported: IVR A+ (CE) / CWDI; Unsupported: IVR BB+ / Stable

Supported: IVR A+ (CE) / RWDI; Unsupported: IVR BB+ / Stable

24

Rajshree Fine Chemical Industries India Private Limited

IVR BB / CWDI

IVR BB / RWDI

25

Alka Chemi-Pack Private Limited

IVR BB+ / CWDI & IVR A4+ CWDI

IVR BB+ / RWDI & IVR A4+ RWDI

26

Golden Tower Infratech Private Limited

IVR BB / CWDI

IVR BB / RWDI

27

OneOTT Intertainment Limited

IVR A+ / CWDI & IVR A1+ / CWDI

IVR A+ / RWDI & IVR A1+ / RWDI

28

Narbheram Solar TN Private Limited

IVR BBB- / CWDI

IVR BBB- / RWDI

29

NXT Digital Limited

IVR A+ / CWDI

IVR A+ / RWDI

30

NVR Energy Private Limited

IVR BBB- / CWDI

IVR BBB- / RWDI

31

GMR Energy Trading Limited

Supported: IVR BBB- (CE) / CWDI & IVR A3 / CWDI; Unsupported; IVR BB / Stable & IVR A4

Supported: IVR BBB- (CE) / RWDI & IVR A3 / RWDI; Unsupported; IVR BB / Stable & IVR A4

32

Dhani Loans and Services Limited

IVR A / CWDI

IVR A / RWDI

33

Brizeal Realtors and Developers LLP

IVR BBB+ / CWDI

IVR BBB+ / RWDI

34

Siddha Real Estate Development Private Limited

IVR BBB+ / CWDI

IVR BBB+ / RWDI

35

Sejal Shakti Realtors LLP

IVR BBB+ / CWDI

IVR BBB+ / RWDI

36

Karp Impex Limited

IVR BBB / CWDI

IVR BBB / RWDI

37

Indiabulls Infraestate Limited

Supported: IVR A+ (CE) / CWDI; Unsupported: IVR A / Stable

Supported: IVR A+ (CE) / RWDI; Unsupported: IVR A / Stable

38

Tecumseh Products India Private Limited

Supported: IVR AA (CE) / CWNI & IVR A1+ / CWNI; Unsupported: IVR B+ / Positive / IVR A4

Supported: IVR AA (CE) / RWNI & IVR A1+ / RWNI; Unsupported: IVR B+ / Positive / IVR A4

39

Bambino Agro Industries Limited

IVR BB+ / CWDI

IVR BB+ / RWDI

40

Lucina Land Development Limited

Supported: IVR A+ (CE) / CWDI & IVR A1+ / CWDI; Unsupported: IVR A+ / CWDI

Supported: IVR A+ (CE) / RWDI & IVR A1+ / RWDI; Unsupported: IVR A+ / RWDI

41

GMR Power and Urban Infra Limited

IVR BBB-/CWDI

IVR BBB-/RWDI

42

Ajeet Seeds Private Limited

IVR A/CWDI

IVR A/RWDI

43

Bhanix Finance and Investments Ltd

IVR BBB+/CWDI

IVR BBB+/RWDI

CWDI : Credit Watch with Developing Implications

CWNI : Credit Watch with Negative Implications

CWPI : Credit Watch with Positive Implications

RWDI : Rating Watch with Developing Implications

RWNI : Rating Watch with Negative Implications

RWPI : Rating Watch with Positive Implications