 Shree RefrigerationsAerospace & Defense | CARE Ratings upgrades Shree Refrigerations credit rating to BBB minus Stable15 Sept 2026Rating Upgraded | +6.4% +9.4% — | ₹374 | 1,333 Cr | 57.5vs 73.9 | 11.4% | — |
 Anlon HealthcarePharmaceuticals | Anlon Healthcare gets BWR BBB/Stable rating, upgrade from BB+15 Sept 2026Rating Upgraded | +1.6% +44.1% — | ₹26.78 | 1,423 Cr | 10.8vs 31.2 | 16.0% | — |
 Visaka IndustriesCement & Cement Products | CARE revises Visaka outlook to Stable, reaffirms A+ rating9 Sept 2026Rating Upgraded | -1.4% +2.6% — | ₹81.49 | 704 Cr | 8.2vs 29.8 | 11.2% | +16.7% |
 Tatva Chin Pharm ChemSpecialty Chemicals | CRISIL upgrades Tatva Chintan credit rating to A-8 Sept 2026Rating Upgraded | -1.1% +5.7% — | ₹1,876 | 4,388 Cr | 85.4vs 24.3 | 7.2% | +43.0% |
 Rajputana StainlessIron & Steel Products | CARE assigns A- and A2+ ratings to Rs 160 crore facilities8 Sept 2026Debt Prepaid | +1.6% -3.3% -8.5% | ₹172 | 1,431 Cr | 28.2vs 17.0 | 17.7% | — |
 Sportking IndiaOther Textile Products | CRISIL reaffirms Sportking ratings A+/Positive; bank loan limit raised to Rs 1,525 cr8 Sept 2026Rating Upgraded×2 | -1.7% -8.0% -11.3% | ₹197 | 2,538 Cr | 15.5vs 16.4 | 11.1% | +20.1% |
 Orient HotelsHotels & Resorts | ICRA places Oriental Hotels long-term rating on Watch with Positive Implications7 Sept 2026Rating Upgraded | +1.5% +3.9% -0.2% | ₹138 | 2,466 Cr | 37.0vs 27.3 | 11.0% | +3.6% |
 PNGS Reva Diamond JewelGems Jewellery And Watches | CARE Ratings reaffirms BBB+ rating, revises outlook to Positive for PNGS Reva7 Sept 2026Rating Upgraded | -2.9% -8.2% +25.5% | ₹677 | 2,146 Cr | 24.6vs 26.3 | 16.7% | — |
 Cantabil RetailGarments & Apparels | ICRA upgrades Cantabil ratings for Rs 75 crore bank facilities5 Sept 2026Rating Upgraded | -3.2% -0.7% -6.4% | ₹236 | 1,970 Cr | 20.2vs 18.2 | 12.7% | +12.7% |
 Dhampur Bio OrganicsDBOL | Credit rating reaffirmed; outlook revised to Positive by CARE5 Sept 2026Rating UpgradedDebt Prepaid | +0.6% -7.4% +12.1% | ₹141 | 939 Cr | 11.1 | 3.1% | +17.2% |
 Aarti SurfactantsSpecialty Chemicals | CRISIL upgrades Aarti Surfactants rating to A-/Stable from BBB+3 Sept 2026Rating Upgraded | -0.5% -8.4% -9.9% | ₹485 | 411 Cr | 22.3vs 24.3 | 5.4% | +26.4% |
 Oriental AromaticsSpecialty Chemicals | Crisil upgrades ESG rating to 56 from 51 for FY263 Sept 2026Rating Upgraded | +11.8% +9.2% +10.2% | ₹509 | 1,711 Cr | 321.8vs 24.3 | 1.4% | +15.2% |
 Real Touch FinanceOther Financial Services | Credit rating reaffirmed at IVR BBB/Stable, loan facilities cut to Rs 75 Cr3 Sept 2026Debt Prepaid | — — -18.1% | ₹35.55 | 45 Cr | 8.7vs 21.0 | — | +44.5% |
 Vimta LabsHealthcare Research Analytics & Technology | CARE Ratings reaffirms Vimta Labs bank facility ratings at CARE A; Stable2 Sept 2026Debt Prepaid | -3.0% -6.4% -12.8% | ₹554 | 2,475 Cr | 20.0 | 11.0% | +10.1% |
 Swaraj SuitingSWARAJ | Swaraj Suiting gets Acuite A- rating on Rs 123 cr bank loans2 Sept 2026Rating Upgraded | +0.2% -11.2% +3.2% | ₹366 | 966 Cr | 12.0 | 11.9% | -28.1% |
 Esaf Small Finance BankOther Bank | CARE reaffirms ESAF SFB ratings, revises outlook to Stable2 Sept 2026Rating Upgraded×2 | +0.9% -4.7% +5.1% | ₹42.19 | 2,177 Cr | 21.0vs 14.1 | — | — |
 Control PrintComputers Hardware & Equipments | CRISIL upgrades Control Print rating to A/Stable, then withdraws at company's request2 Sept 2026Rating Upgraded | +0.1% -3.0% +2.8% | ₹615 | 983 Cr | 25.2vs 27.0 | 15.5% | +3.8% |
 Airfloa Rail TechnologyIndustrial Products | Airfloa Rail gets highest SMERA SME-1 credit rating1 Sept 2026Rating Upgraded | +1.7% +17.0% +20.2% | ₹534 | 1,280 Cr | 18.3vs 28.5 | 21.4% | — |
 Vaibhav GlobalGems Jewellery And Watches | CARE upgrades short-term rating to A1 plus for Vaibhav Global bank facilities1 Sept 2026Rating Upgraded | -1.6% -2.2% -7.9% | ₹203 | 3,396 Cr | 11.9vs 26.3 | 14.6% | +12.7% |
 Shiva TexyarnOther Textile Products | Credit rating upgraded across all bank facilities by CARE Ratings31 Aug 2026Rating Upgraded | -0.3% +0.3% -5.4% | ₹165 | 214 Cr | 22.2vs 16.4 | 7.2% | -3.1% |
 Hester BiosciencesPharmaceuticals | Hester Biosciences gets credit rating upgrade from CARE Ratings27 Aug 2026Rating Upgraded | -2.1% +1.8% -7.1% | ₹2,055 | 1,748 Cr | 12.8vs 31.2 | 13.2% | -8.2% |
 Inox Green Energy SerDiversified Commercial Services | Acuite assigns AA- Stable long-term and A1+ short-term ratings to banking facilities27 Aug 2026Rating Upgraded | -2.7% +2.2% -0.7% | ₹116 | 4,657 Cr | 37.3vs 13.6 | 9.0% | -23.0% |
 Prism JohnsonCement & Cement Products | Crisil reaffirms A1+ rating on Prism Johnson commercial paper programme27 Aug 2026Debt Prepaid×2 | 0.0% +1.2% +3.4% | ₹96.46 | 4,855 Cr | 27.8vs 29.8 | 2.7% | -4.5% |
 Ambika Cotton MillOther Textile Products | CRISIL upgrades short-term rating to A1+; long-term A+/Stable reaffirmed27 Aug 2026Rating Upgraded×2 | -0.3% +0.1% -5.0% | ₹1,480 | 847 Cr | 10.4vs 16.4 | 9.8% | +34.4% |
 Ashiana HousingResidential Commercial Projects | Ashiana Housing pays interest and partial redemption on NCDs24 Aug 2026Debt Prepaid×2 | +1.3% +0.9% +7.3% | ₹370 | 3,719 Cr | 30.7vs 20.8 | 13.1% | -63.3% |
 SRG Housing FinanceHousing Finance Company | SRG Housing Finance pays interest and partly redeems INE559N0706624 Aug 2026Debt Prepaid | +1.2% -2.7% -42.9% | ₹121 | 190 Cr | 5.5vs 11.1 | — | +29.3% |
 Ivalue InfosolutionsComputers Hardware & Equipments | ICRA upgrades iValue Infosolutions credit rating to A+ and A1+24 Aug 2026Rating Upgraded | -1.6% -16.7% -18.3% | ₹226 | 1,236 Cr | 11.9vs 27.0 | 21.9% | -21.1% |
 Wonderla HolidaysAmusement Parks/ Other Recreation | CARE upgrades outlook to Positive on Wonderla bank facilities21 Aug 2026Rating Upgraded | -1.7% +1.6% -2.5% | ₹508 | 3,224 Cr | 31.6 | 5.8% | +44.2% |
 Greenpanel IndustriesPlywood Boards/ Laminates | CARE reaffirms Greenpanel ratings, outlook revised to Stable21 Aug 2026Rating Upgraded | -1.2% -0.2% +3.4% | ₹153 | 1,879 Cr | 13.2vs 26.0 | 10.9% | -10.2% |
 Duroply IndustriesPlywood Boards/ Laminates | Duroply Industries: Credit Rating Upgraded by India Ratings20 Aug 2026Rating Upgraded | -0.1% +2.9% +5.0% | ₹104 | 113 Cr | 12.9vs 26.0 | 3.8% | +4.9% |
 IRM EnergyLPG/CNG/PNG/LNG Supplier | CRISIL revises IRM Energy outlook to Stable, reaffirms AA- rating18 Aug 2026Rating Upgraded | -1.1% -2.9% -6.9% | ₹255 | 1,047 Cr | 14.3vs 14.4 | 7.1% | +24.3% |
 Indo Tech TransformINDOTECH | Credit rating affirmed, outlook revised to Positive by India Ratings17 Aug 2026Rating Upgraded×2 | +2.8% +3.3% -7.1% | ₹3,155 | 3,351 Cr | 33.7 | 32.4% | +39.0% |
 Robust HotelsHotels & Resorts | CRISIL upgrades Robust Hotels bank loan ratings to BBB+ Stable and A217 Aug 2026Rating Upgraded | -2.7% -1.0% +5.5% | ₹161 | 278 Cr | 10.4vs 27.3 | 3.8% | +1.9% |
 Fermenta BiotechPharmaceuticals | CARE upgrades Fermenta Biotech credit ratings17 Aug 2026Rating Upgraded | -0.7% +5.5% +3.0% | ₹545 | 1,562 Cr | 26.1vs 31.2 | 21.7% | -10.6% |
 Paramount CosmeticsPersonal Care | Credit Rating Withdrawn After Full Repayment of IDBI Bank Loans17 Aug 2026Debt Prepaid | +1.2% -5.0% -12.4% | ₹37.47 | 18 Cr | 17.6vs 35.6 | 1.3% | -53.3% |
 Caprihans IndiaPlastic Products - Industrial | Caprihans India gets credit rating upgrade from Infomerics13 Aug 2026Rating UpgradedDebt Prepaid | +15.0% +19.3% +16.5% | ₹105 | 167 Cr | — | -5.7% | -1.8% |
 The Ugar Sugar WorksOther Agricultural Products | Credit rating upgraded to CARE BBB- with Stable outlook13 Aug 2026Rating Upgraded | +13.1% +21.1% +13.7% | ₹55.53 | 625 Cr | 9.1vs 12.6 | -13.0% | -8.3% |
 Iris Regtech SolutionSoftware Products | ICRA upgrades short-term rating to A2, reaffirms long-term at BBB Stable11 Aug 2026Rating Upgraded | -2.7% -1.1% -3.1% | ₹211 | 434 Cr | 3.5vs 19.6 | 8.3% | +9.7% |
 ADF FoodsPackaged Foods | CRISIL upgrades ADF Foods long-term rating to A+/Stable11 Aug 2026Rating Upgraded | -1.1% +0.9% -2.2% | ₹288 | 3,165 Cr | 34.4vs 30.2 | 18.8% | +25.9% |
 Refex IndustriesWaste Management | Refex Industries gets Acuite rating upgrade on Rs 660 crore bank loans10 Aug 2026Rating Upgraded | -1.4% -1.6% -8.2% | ₹258 | 3,536 Cr | 14.3vs 15.5 | 19.1% | +139.1% |
