D Y Uppar & Sons (“DYU” or “The Firm”) is a partnership firm established on 18^th September 2014 registered in Karnataka, India. The firm undertakes and executes various infrastructural construction projects, including irrigation projects, canal construction and rejuvenation, land development, road formation, and related works, as awarded by public works departments of the State and Central Governments.It is one of the leading reputed contractors in Karnataka with rich experience in execution of major civil engineering contract works for the last 40 years. The firm is involved into execution of irrigation, power projects, highways and urban commercial projects with excellent track record and highest standards of quality and safety within stipulated time and DYU is promoted by Mr. Dhareppa Y. Uppar – Managing Partner of DYU and is ably assisted by his sons Mr. Sharan Dhareyappa Bandi and Mr. Vijaykumar Bandi (who act as partners in the firm). Mr. Dhareppa Y. Uppar started with execution of minor projects for the irrigation department of the Govt. of Karnataka and gradually started executing bigger projects and expanded his clientele to other government departments like KNNL, CNNL, KBJNL and KPWD.

­Acuité has been requesting for data, information and undertakings from the rated entity for conducting surveillance & review of the rating. However, the issuer / borrower failed to provide clarification on the data before due date. Acuité believes that information risk is a critical component in such ratings, and non-cooperation by the issuer along with unwillingness to provide clarifications could be a sign of potential deterioration in its overall credit quality. This rating is therefore being flagged as “Issuer not-cooperating”, in line with prevailing SEBI regulations and Acuité’s policies.