Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

CARE Ratings Limited

Meeting Details

  • Type of Meeting: 33rd Annual General Meeting (AGM)
  • Date of Meeting: Friday, July 03, 2026
  • Meeting Time: 3:30 PM to 4:34 PM IST
  • Record Date: Friday, June 26, 2026
  • Total Shareholders on Record Date: 59,923

Voting Process

The voting was conducted through two methods:

1. Remote e-voting: Available from Tuesday, June 30, 2026 (09:00 AM IST) to Thursday, July 02, 2026 (05:00 PM IST) through the NSDL e-voting platform.

2. E-voting during AGM: Provided to shareholders present at the AGM through Video Conferencing/Other Audio Visual Means (VC/OAVM) who had not cast their vote earlier.

Shareholders of the company as of the record date (June 26, 2026) were entitled to vote on the resolutions. After the closure of e-voting at the AGM, votes cast remotely prior to the AGM and during the AGM were unblocked and counted together.

Scrutinizer Details

  • Name: Mitesh Dhabliwala
  • Firm: Parikh & Associates
  • Qualification: Company Secretary (CS)
  • Membership Number: 8331
  • Date of Appointment by Board: May 13, 2026
  • Date of Report Issuance: July 03, 2026

The scrutinizer was appointed pursuant to Section 108 of the Companies Act, 2013 read with Rule 20 of the Companies (Management and Administration) Rules, 2014 (as amended) to conduct the remote e-voting process and scrutinize the votes.

Summary of Proposed Resolutions and Voting Outcomes

Four ordinary resolutions were proposed and all were passed:

Resolution 1: Adoption of Financial Statements

Description: To receive, consider and adopt the Audited Financial Statements (including the Audited Consolidated Financial Statements) for the financial year ended March 31, 2026, together with the Reports of the Board of Directors and the Auditors thereon.

Voting Results:

  • Number of members voted: 259
  • Number of valid votes cast: 1,33,93,358
  • Votes in favor: 99.9991%
  • Votes against: 0.0009%
  • Invalid votes: None
Resolution 2: Declaration of Dividend

Description: To confirm the payment of interim dividend of ₹8 per equity share and to declare a final dividend of ₹14 per equity share (face value ₹10) for FY 2025-26.

Category-wise Breakdown:

  • Promoter & Promoter Group: 12,003,326 votes cast (72.6971% of shares held); 100% in favor
  • Public Institutions: No separate data shown in breakdown
  • Public Non-Institutions: 1,390,156 votes cast (10.2602% of shares held); 99.9932% in favor (1,390,061 votes), 0.0068% against (95 votes)

Overall Results:

  • Number of members voted: 261
  • Number of valid votes cast: 1,33,93,387
  • Votes in favor: 99.9993%
  • Votes against: 0.0007%
  • Invalid votes: None
Resolution 3: Re-appointment of Director

Description: To appoint a director in place of Mr. Mehul Pandya (DIN: 07610232), who retires by rotation and offers himself for re-appointment.

Category-wise Breakdown:

  • Promoter & Promoter Group: 12,003,326 votes cast (72.6971% of shares held); 100% in favor
  • Public Non-Institutions: 1,390,156 votes cast (10.2602% of shares held); 99.9896% in favor (1,390,011 votes), 0.0104% against (145 votes)

Overall Results:

  • Number of members voted: 266 (256 in favor, 10 against)
  • Number of valid votes cast: 1,33,93,337
  • Votes in favor: 99.9989%
  • Votes against: 0.0011%
  • Invalid votes: None
Resolution 4: Re-appointment of Statutory Auditors

Description: To re-appoint M/s. B S R & Co. LLP, Chartered Accountants (Firm Registration No. 101248W/W-100022) as Statutory Auditors of the Company.

Category-wise Breakdown:

  • Promoter & Promoter Group: 12,003,326 votes cast (72.6971% of shares held); 100% in favor
  • Public Non-Institutions: 1,397,557 votes cast (10.3148% of shares held); 99.9624% in favor (1,397,032 votes), 0.0376% against (525 votes)

Overall Results:

  • Number of members voted: 268 (260 in favor, 8 against)
  • Number of valid votes cast: 1,34,00,358
  • Votes in favor: 99.9961%
  • Votes against: 0.0039%
  • Invalid votes: None

Scrutinizer's Findings and Conclusion

The scrutinizer confirmed that:

  • The remote e-voting prior to and during the AGM was scrutinized based on data downloaded from the NSDL e-voting system
  • The management of the company is responsible for ensuring compliance with the Companies Act and rules relating to remote e-voting
  • The scrutinizer's responsibility was restricted to making a consolidated report on the result of the remote e-voting
  • All four resolutions were passed by the requisite majority

Compliance Confirmation

The disclosure confirms compliance with:

  • Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Section 108 of the Companies Act, 2013
  • Rule 20 of the Companies (Management and Administration) Rules, 2014 (as amended)
  • MCA General Circulars regarding electronic communication with shareholders

Additional Information

  • The notice convening the AGM was dated May 13, 2026
  • The company's registered office is at 4th Floor, Godrej Coliseum, Somaiya Hospital Road, Off Eastern Express Highway, Sion (East), Mumbai - 400 022
  • The company availed the e-voting facility offered by National Securities Depository Limited (NSDL)
  • No invalid votes were reported across any of the four resolutions
  • No shareholders from the promoter and promoter group category attended the meeting through video conferencing
  • 60 public shareholders attended the meeting through video conferencing