CARE Ratings Limited has completed the allotment of 1,850 equity shares to its employees under the CARE Employee Stock Option Scheme 2020. The company informed the stock exchanges about this development through a regulatory filing dated April 06, 2026.

ESOP Allotment Details

The Nomination and Remuneration Committee of the Board of Directors approved the allotment of equity shares pursuant to the exercise of employee stock options. The allotment specifics are outlined below:

Impact on Share Capital

The allotment has resulted in an increase in the company's paid-up share capital. The capital structure change is detailed in the following comparison:

Regulatory Compliance

The company has duly informed both major stock exchanges about this corporate action. CARE Ratings is listed on BSE Limited with scrip code 534804 and on The National Stock Exchange of India Limited with scrip code CARERATING. The notification was signed by Manoj Kumar CV, Company Secretary & Compliance Officer, ensuring proper regulatory compliance under the applicable listing regulations.

This ESOP exercise reflects the company's commitment to employee participation in its growth through equity-based compensation schemes. The allotment was executed in accordance with the established Employee Stock Option Scheme 2020 framework.

CARE Ratings Limited has announced a leadership transition in its technology department, with the resignation of its Chief Information and Technology Officer and the appointment of a new CTO effective April 1, 2026.

Leadership Transition Details

The company disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, that Mr. Nadir Bhalwani ceased to be Chief Information and Technology Officer effective March 31, 2026, due to personal reasons. In his resignation communication, Bhalwani expressed appreciation for the support and guidance received during his tenure and wished the organization continued success.

New CTO Profile and Experience

Dr. A Shiju Rawther has been appointed as the new Chief Information and Technology Officer with effect from April 1, 2026. He brings extensive academic credentials and professional experience to the role.

Educational Background

• PhD in Computer Science and Engineering from Hindustan Institute of Technology & Science, Chennai, India
• Bachelor of Engineering in Computer Science & Engineering from Bangalore University

Professional Experience

Dr. Rawther is a technology leader with over 23 years of diversified experience in leading technology and operations teams. His expertise spans several key areas:

• Digital transformation initiatives
• Business process re-engineering
• Aligning technology strategy with business priorities
• Enhancing customer experience
• P&L Management for both large companies and startups

Regulatory Compliance

The announcement was made in compliance with Regulation 30 of the SEBI Listing Regulations, with the company providing detailed disclosures as required under Schedule III. The communication was signed by Manoj Kumar CV, Company Secretary & Compliance Officer, and submitted to both BSE Limited and The National Stock Exchange of India Limited.

This seamless transition ensures continuity in the company's technology leadership, with Dr. Rawther's extensive experience expected to support the organization's digital transformation and technology strategy initiatives.