Crisil Ltd. - Announcement under Regulation 30 (LODR)-Meeting Updates

| Updated on April 17, 2019 Published on April 17, 2019

Please take note of the following outcomes from the Meeting of the Board of Directors of the Company,
held today:
(a) The Board approved the Unaudited Standalone and Consolidated Financial Results for the first
qua11er ended March 31, 2019. A copy of the Unaudited Financial Results of the Company, along
with a copy of the Limited Review Report and the Press Release in this regard are enclosed.
(b) The Board approved payment of Interim dividend of Rs. 6 per equity share of face value of Re 1
each, for the financial year ending December 31, 2019, which will be paid on May 15, 2019.
(c) The Board noted resignation of Ms. Martina Cheung as Director of the Company, with effect
from April 18, 2019 and approved appointment of Mr. Martin E. Fraenkel as an Additional
Director of the Company, with effect from April 18, 2019. Brief profile of the appointed director
is enclosed as Annexure 1.
(d) Pursuant to and in order to comply with SEBI Notifications dated May 30, 2018 and September
19, 2018, under the SEBI (Credit Rating Agencies) Regulations, 1999, which mandates
segregation of Rating and Non-Ratings businesses by credit rating agencies, the Company has
approved a Scheme of Arrangement (Scheme) for transfer of its Ratings business to a Wholly
Owned Subsidiary (to be incorporated) ("Transferee Company") of the Company. The Ratings
business alongwith the assets, liabilities, contracts, deeds, obligations etc. shall be transferred and
vested with such Transferee Company, as a going concern by way of a slump sale, on the terms
and conditions mentioned in the Scheme.
The Scheme would be subject to the requisite statutory / regulatory approvals and other
conditions including the approval of the National Company Law Tribunal (Mumbai Bench) under
sections 230-232 of the Companies Act, 2013.
Enclosed as Annexure 2 is the information pursuant to Regulation 30 of the SEBI (Listing
obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015. A press release in this regard is enclosed at
Annexure 3.
The meeting of the Board of Directors commenced at 9.00 a.m. 1ST and concluded at 1.15 p.m. 1ST
Kindly take this communication on record and inform your members accordingly.

Pdf Link: Crisil Ltd. - Announcement under Regulation 30 (LODR)-Meeting Updates

Source : BSE - www.bseindia.com

Published on April 17, 2019
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