CARE Ratings Limited announced that the Madras High Court has vacated an injunction that previously restrained the company from alienating its assets. The court issued the order on June 3, 2026, lifting the restriction after the company complied with the directives outlined in the earlier order dated February 1, 2023. The company received a copy of this order on June 4, 2026.

The development follows previous disclosures made by the company in letters dated February 3, 2023, and April 20, 2023. Those communications had detailed the Hon'ble Madras High Court's initial order from February 1, 2023, which had imposed the injunction until the company provided adequate security. The recent court order confirms that the company has met the necessary compliance requirements, although the compliance was executed without prejudice to the company's rights in its appeals.

Key Details of the Court Order

The filing was submitted to the exchanges by Manoj Kumar CV, the Company Secretary & Compliance Officer of CARE Ratings Limited. The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations.

CARE Ratings Limited has fixed Friday, June 26, 2026, as the record date to determine member entitlement for the final dividend, pending approval at the 33rd Annual General Meeting (AGM). The company announced that the AGM is scheduled to be held on Friday, July 3, 2026, at 3:30 p.m. IST through Video Conferencing and Other Audio-Visual Means (OAVM), without a physical venue. If the dividend is approved by shareholders, the payment is scheduled to be made on or before Saturday, August 1, 2026.

The notice for the AGM and the Annual Report for the financial year 2025-26 will be sent electronically to members with registered email addresses. For members who have not registered their email, a letter containing the link to the Annual Report will be sent in compliance with Regulation 36(1)(b) of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. The documents will also be available on the company’s website and the websites of BSE Limited and The National Stock Exchange of India Ltd.

Members can participate in the AGM only through the VC/OAVM facility, and those attending via this mode will be considered present for quorum purposes under Section 103 of the Companies Act, 2013. The company will provide a remote e-voting facility to enable members to cast votes on resolutions prior to the meeting, as well as an e-voting facility during the AGM. Detailed procedures for both voting mechanisms will be included in the notice.

The company has advised members holding shares in physical form to register or update their PAN, KYC, and nomination details with the Registrar and Transfer Agent, KFin Technologies Limited, by submitting Form ISR-1. Those holding shares in demat form must contact their respective Depository Participants to update email IDs, bank details, and mobile numbers. The company specified that dividend payments for demat holders will be processed using bank particulars registered with the Depository Participants and cannot be changed via direct requests.

CARE Ratings Limited noted that dividend income is taxable in the hands of members effective April 1, 2020, in accordance with the Finance Act, 2020. The company is required to deduct Tax Deducted at Source (TDS) from dividends at rates prescribed under the Income Tax Act, 2025, depending on the residential status of the member and the documents submitted. The company has communicated the process for withholding tax to members via email dated May 29, 2026.

Key Dates for CARE Ratings Limited AGM