 Kings Infra VenturesSeafood | Credit rating downgraded to IVR B Negative; issuer not cooperating6 Oct 2026Rating Downgraded | pending | ₹65 | 159 Cr | 10.9vs 10.8 | 18.3% | -10.8% |
 Clean Max Enviro EN SolPower Generation | BSE approves change of 40,000 NCDs from unsecured to secured1 Oct 2026Debt Restructured | +7.1% — — | ₹1,388 | 16,264 Cr | 114.2vs 21.2 | 0.7% | — |
 ABC IndiaRoad Transport | Credit Rating Downgraded by CARE from BB Plus to BB1 Oct 2026Rating Downgraded | +3.1% — — | ₹62.8 | 34 Cr | 14.1vs 13.7 | 3.5% | +9.1% |
 Chembond MaterialtechCHEMBOND | CRISIL downgrades Chembond bank facility ratings to BB over non-cooperation1 Oct 2026Rating Downgraded | -0.6% — — | ₹188 | 253 Cr | 17.3 | 9.2% | +25.6% |
 Themis MedicarePharmaceuticals | CARE Ratings downgrades Themis Medicare bank facility ratings30 Sept 2026Rating Downgraded | -1.7% — — | ₹114 | 1,053 Cr | 26.3vs 32.0 | -2.8% | -10.9% |
 Bombay Super Hybrid SeedsOther Agricultural Products | Bombay Super Hybrid Seeds bank facility rating downgraded to BB+ by CARE30 Sept 2026Rating Downgraded | -2.6% — — | ₹78.25 | 821 Cr | 28.4vs 12.6 | 21.3% | +19.4% |
 Welspun Specialty SolIron & Steel Products | CARE assigns AA-/A1+ ratings after parent guarantee release29 Sept 2026Rating Downgraded | +0.1% — — | ₹51.21 | 3,636 Cr | 155.2vs 17.0 | 4.8% | +9.8% |
 Vadilal EnterprisesDairy Products | Vadilal Enterprises credit rating downgraded, placed on negative watch23 Sept 2026Rating Downgraded | -1.3% -5.0% — | ₹9,860 | 848 Cr | 81.4vs 27.4 | 17.4% | +30.2% |
 JAI Balaji IndustriesJAIBALAJI | CRISIL downgrades Jai Balaji Industries rating on Rs 995 Cr bank loans23 Sept 2026Rating Downgraded×2 | +1.3% -4.7% — | ₹67.37 | 6,146 Cr | 21.0 | 5.7% | -13.1% |
 Kohinoor FoodsOther Food Products | Completed OTS payment under Revive Plan; received No Dues from lenders22 Sept 2026Debt Restructured | -0.7% -7.9% — | ₹29.49 | 109 Cr | 1.3vs 25.5 | 760.3% | +81.8% |
 Panache DigilifeIT Enabled Services | Credit rating withdrawn at company's request after prior downgrade18 Sept 2026Rating Downgraded | -2.4% -1.2% — | ₹597 | 957 Cr | 47.8vs 18.9 | 19.9% | +72.1% |
 KalpataruResidential Commercial Projects | CRISIL downgrades Kalpataru rating to BBB/Stable from BBB+/Stable10 Sept 2026Rating Downgraded×2 | -3.6% +5.3% — | ₹268 | 5,518 Cr | 43.9vs 21.3 | 1.4% | +6.5% |
 Supreme Infra.Civil Construction | Corporate guarantee exposure cut by nearly 80 percent via resolution plan10 Sept 2026Debt Restructured×2 | -2.3% -7.3% — | ₹55 | 536 Cr | 0.1vs 14.6 | 1449.2% | +8.9% |
 Sbec SugarSugar | Loan agreement with Pristine Industries amended; tenure extended9 Sept 2026Debt Restructured | -1.0% +1.7% — | ₹73.4 | 350 Cr | 18.8vs 16.4 | 7.4% | -24.0% |
 B.l.kashyap & SonCivil Construction | B.L. Kashyap to pay Rs 52.5 crore to CDR lenders by March 202731 Aug 2026Debt Restructured | -4.5% -5.7% -14.2% | ₹53.86 | 1,214 Cr | 2693.0vs 14.6 | 3.9% | +2.6% |
 Deccan CementsCement & Cement Products | Rating downgraded on withdrawn NCD proposal, company disputes it26 Aug 2026Rating Downgraded×2 | -1.7% -0.7% -6.7% | ₹546 | 765 Cr | 130.0vs 30.1 | 2.5% | +45.7% |
 Harish Textile Engineers LimitIndustrial Products | NCD holders extend redemption deadline to 31 January 202725 Aug 2026Debt Restructured | +2.3% +9.6% +4.8% | ₹65.99 | 22 Cr | 4.2vs 28.8 | 45.8% | +24.2% |
 Sadbhav EngineeringRoad Assets - Toll Annuity Hybrid-Annuity | SBI and ICICI Bank join Sadbhav Engineering debt restructuring plan25 Aug 2026Debt Restructured×2 | +4.1% +0.4% -11.5% | ₹6.9 | 118 Cr | 4.0 | 9.1% | -8.1% |
 Star Housing FinanceHousing Finance Company | SHFL rating moved to IND D non-cooperating, company in default22 Aug 2026Rating Downgraded | -3.1% -4.4% -13.1% | ₹4 | 32 Cr | 4.7vs 11.1 | — | +7.4% |
 Fujiyama Power SystemsUTLSOLAR | CRISIL lifts rating watch, reaffirms ratings with stable outlook18 Aug 2026Rating Downgraded | +0.7% -4.7% -10.6% | ₹431 | 13,227 Cr | 229.3 | — | — |
 Mankind PharmaPharmaceuticals | Mankind Pharma realigns NCD security, releases BSVL share pledge17 Aug 2026Debt Restructured | +0.6% +0.4% -2.8% | ₹2,500 | 1.03 L Cr | 50.5vs 32.0 | 10.8% | +12.9% |
 MphasisComputers - Software & Consulting | Mphasis ESG score falls to 72.6 from 74.5, retains Grade B14 Aug 2026Rating Downgraded | -4.4% -5.5% -9.4% | ₹2,285 | 43,616 Cr | 22.8vs 15.9 | 21.3% | +17.5% |
 Landmark Pr.dev.co.ltdReal Estate related services | Eterna seeks extension to repay Rs 35.11 crores to Landmark Property Development12 Aug 2026Debt Restructured | +29.4% +16.5% -4.1% | ₹6.2 | 83 Cr | 9.7vs 11.8 | 4.8% | — |
 Coastal CorporationSeafood | CARE downgrades Coastal Corporation bank facilities to CARE D from CARE BB7 Aug 2026Rating Downgraded | -3.1% -3.1% -8.3% | ₹37.34 | 250 Cr | 6.3vs 10.8 | 8.3% | +38.2% |
 Prime FocusPFOCUS | Board approves Rs 200 Cr corporate guarantee for subsidiary DNEG India6 Aug 2026Debt Restructured | -2.7% -1.4% +8.5% | ₹285 | 22,130 Cr | 185.1 | 9.8% | +23.8% |
 Gujarat Alkalies & ChemCommodity Chemicals | Long-term rating downgraded by CARE Ratings to AA-, outlook stable4 Aug 2026Rating Downgraded×2 | -1.1% +1.2% +2.6% | ₹617 | 4,534 Cr | 68.3vs 19.2 | 0.7% | +12.7% |
 Dhampur Sugar MillsSugar | India Ratings downgrades Dhampur Sugar long-term rating3 Aug 2026Rating Downgraded | +2.9% +12.1% +16.3% | ₹189 | 1,212 Cr | 17.3vs 16.4 | 5.8% | +6.1% |
 R.P.P Infra ProjectsCivil Construction | CRISIL downgrades RPP Infra ratings on weaker operating performance31 Jul 2026Rating Downgraded×2 | -1.9% -3.3% -7.8% | ₹51.49 | 255 Cr | 62.0vs 14.6 | 2.0% | +0.0% |
 ShalbyHospital | ICRA downgrades Shalby rating to A from A+; outlook revised to Stable from Negative27 Jul 2026Rating Downgraded×2 | -0.2% +0.3% -5.3% | ₹134 | 1,443 Cr | 38.3vs 43.5 | 4.8% | +11.7% |
 Larsen & ToubroCivil Construction | L&T ESG score revised down to 69.8 from 71.3 by SES Research27 Jul 2026Rating Downgraded | +1.2% +7.1% +6.5% | ₹3,696 | 5.08 L Cr | 30.6vs 14.6 | 11.9% | +6.7% |
 Neogen ChemicalsSpecialty Chemicals | Neogen Chemicals and Ionics ratings downgraded by CRISIL18 Jul 2026Rating Downgraded×2 | +0.4% -5.2% +4.4% | ₹2,432 | 6,658 Cr | 183.0vs 25.2 | 2.4% | +34.0% |
 Kuantum PapersPaper & Paper Products | Fixed Deposit rating downgraded from CARE A to CARE A-17 Jul 2026Rating Downgraded | -1.4% +2.6% +6.1% | ₹77 | 672 Cr | 18.6vs 14.0 | 2.8% | +36.3% |
 L&T FinanceInvestment Company | ESG score revised marginally to 81.9, retains Grade A rating14 Jul 2026Rating Downgraded | -1.8% -4.0% -0.2% | ₹260 | 65,177 Cr | 20.5vs 20.7 | — | +23.1% |
 Rama Steel TubesIron & Steel Products | ICRA withdraws ratings on Rama Steel Tubes bank facilities13 Jul 2026Rating Downgraded | -0.7% -5.1% -2.2% | ₹4.23 | 692 Cr | 38.5vs 17.0 | 3.2% | -16.7% |
 DPSCDPSCLTD | Credit rating cut to default grade; firm under insolvency10 Jul 2026Rating Downgraded | -0.3% -1.2% -0.1% | ₹6.53 | 1,030 Cr | 81.6 | -2.7% | +10.6% |
