Crisil Limited Submits SEBI Regulation 74(5) Certificate for Quarter Ended March 31, 2026

1 min read     Updated on 07 Apr 2026, 03:58 AM
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Crisil Limited has completed its regulatory filing under SEBI Regulation 74(5) for the quarter ended March 31, 2026, with Company Secretary Minal Bhosale notifying stock exchanges on April 6, 2026. The submission includes certificates from registrar KFin Technologies Limited confirming that securities dematerialization and rematerialization details have been properly furnished to all relevant stock exchanges and depositories.

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Crisil Limited has submitted its mandatory certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 to the stock exchanges for the quarter ended March 31, 2026. The submission demonstrates the company's ongoing commitment to regulatory compliance and transparent reporting practices.

Regulatory Submission Details

Company Secretary Minal Bhosale formally notified both the National Stock Exchange of India Limited and BSE Limited on April 6, 2026, regarding the certificate submission. The notification was digitally signed and submitted in accordance with established regulatory protocols for listed companies.

Submission Details: Information
Regulation: SEBI (Depositories and Participants) Regulations, 2018 - Section 74(5)
Quarter Covered: Ended March 31, 2026
Submission Date: April 6, 2026
Authorized Signatory: Minal Bhosale, Company Secretary (ACS 12999)
Stock Exchanges Notified: NSE and BSE

Registrar and Transfer Agent Certification

KFin Technologies Limited, serving as the Registrar and Transfer Agent for Crisil Limited, issued the required certificates to both National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL) on April 1, 2026. The certificates were signed by C Shobha Anand, Vice President at KFin Technologies Limited.

Certificate Details: Specifications
Issuing Authority: KFin Technologies Limited
Certificate Numbers: KFIN/CRISL/NSDL/74(5) E/1 and KFIN/CRISL/CDSL/74(5) E/1
Issue Date: April 1, 2026
Authorized Signatory: C Shobha Anand, Vice President
Depositories Covered: NSDL and CDSL

Compliance Confirmation

The certificates confirm that details of securities dematerialized and rematerialized during the quarter ended March 31, 2026, have been properly furnished to all stock exchanges where Crisil Limited shares are listed. This certification process ensures transparency in the dematerialization and rematerialization activities of the company's securities.

The systematic approach to regulatory compliance reflects Crisil Limited's adherence to SEBI guidelines and its commitment to maintaining proper records of securities transactions. The timely submission of these certificates supports the company's reputation for strong corporate governance practices in the financial services sector.

Historical Stock Returns for CRISIL

1 Day5 Days1 Month6 Months1 Year5 Years
-0.68%-1.31%+11.60%-13.43%-2.45%+132.09%

Will SEBI introduce any new regulatory requirements for depositories and participants that could impact Crisil's compliance processes in the coming quarters?

How might changes in dematerialization trends affect Crisil's operational costs and investor accessibility in 2026?

Could Crisil's consistent regulatory compliance give it a competitive advantage when bidding for new credit rating mandates?

Crisil Limited Receives ₹27.24 Crore TDS Demand for Assessment Year 2020-21

1 min read     Updated on 30 Mar 2026, 06:59 PM
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Crisil Limited has disclosed receiving a TDS assessment order from the Income Tax Authority demanding ₹27.24 crores for Assessment Year 2020-21, related to foreign payments for Financial Year 2019-20. The company received the order on March 29, 2026, and has stated there is no immediate financial or operational impact. Crisil plans to file an appeal against this order, similar to previous appeals filed for comparable demands in earlier years.

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Crisil Limited has received a significant tax demand from the Income Tax Authority, disclosing a TDS proceedings assessment order demanding ₹27.24 crores for Assessment Year 2020-21. The company made this disclosure under Regulation 30 of the SEBI Listing Regulations on March 30, 2026.

TDS Assessment Details

The assessment order was received on March 29, 2026, under sections 201(1) and 201(1A) read with section 195 of the Income Tax Act. The demand pertains to TDS on foreign payments for the Financial Year 2019-20 (Assessment Year 2020-21).

Parameter: Details
Opposing Party: Income Tax Authority (TDS department)
Assessment Year: 2020-21
Financial Year: 2019-20
Order Received: March 29, 2026
Total Demand: ₹27.24 crores (including interest)

Nature of Dispute

The TDS demand has been raised based on previous years' orders on the same issue. Crisil has indicated that this is not an isolated matter, as the company has already filed an appeal before the Hon'ble CIT(Appeals) against similar orders from previous years. The current demand follows the same pattern of disputes regarding TDS obligations on foreign payments.

Company's Response and Financial Impact

Crisil has clarified that there is no immediate impact on the company's financial, operational, or other activities due to this assessment order. The company has announced its intention to file an appeal against the current order, following the same approach taken for similar demands in previous years.

Impact Assessment: Status
Immediate Financial Impact: None
Operational Impact: None
Planned Action: Filing appeal against the order
Previous Appeals: Filed before Hon'ble CIT(Appeals) for similar issues

The disclosure was made in compliance with SEBI regulations, ensuring transparency with stakeholders regarding material developments that could potentially affect the company's operations or financial position.

Historical Stock Returns for CRISIL

1 Day5 Days1 Month6 Months1 Year5 Years
-0.68%-1.31%+11.60%-13.43%-2.45%+132.09%

What is the likelihood of Crisil's appeal being successful given the outcomes of their previous similar cases?

Could this TDS dispute pattern indicate potential demands for subsequent assessment years beyond 2020-21?

How might this ₹27.24 crore contingent liability affect Crisil's credit rating methodology or investor confidence?

More News on CRISIL

1 Year Returns:-2.45%