Crisil Limited successfully conducted its 39th Annual General Meeting on April 17, 2026, through video conferencing, marking another milestone in the company's corporate governance journey. The meeting, presided over by Chairman Yann Le Pallec, commenced at 2:30 PM IST and concluded at 3:40 PM IST with strong shareholder participation and unanimous approval of all proposed resolutions.

Meeting Overview and Participation

The AGM was held entirely through Video Conferencing (VC) and Other Audio Visual Means (OAVM) without physical presence of shareholders, in compliance with regulatory requirements. The meeting witnessed significant shareholder engagement with 88.01% voting turnout from eligible shareholders.

Financial Statements and Dividend Declaration

Shareholders overwhelmingly approved the adoption of audited financial statements for the year ended December 31, 2025. The resolution received 99.9997% approval with 64,245,640 votes in favor out of 64,245,857 total votes polled.

The company declared a substantial dividend package for shareholders, which received unanimous support with 100% approval from voting shareholders.

Leadership Appointments and Governance

The meeting approved several key leadership appointments that will shape the company's future direction. All appointment resolutions received strong shareholder support, demonstrating confidence in the management team.

Board Appointments Approved:

Mr. Amish Mehta's re-appointment as Managing Director & Chief Executive Officer was approved for a three-year term from October 1, 2026, to September 30, 2029. Similarly, Mr. Amar Raj Bindra's re-appointment as Independent Director was confirmed for the period from December 1, 2026, to November 30, 2031.

Voting Process and Transparency

The company implemented a comprehensive electronic voting system to ensure fair and transparent shareholder participation. Remote e-voting was available from April 13-16, 2026, while e-voting during the AGM was also facilitated for those who hadn't voted remotely.

Voting Statistics by Category:

The voting rights were determined based on the cut-off date of April 10, 2026, and the company ensured all statutory requirements were met for conducting the virtual AGM.

Regulatory Compliance and Documentation

The company maintained full regulatory compliance throughout the AGM process. Notice of the meeting was published in Financial Express (English) and Sakal (Marathi) newspapers on March 18, 2026, and March 24, 2026. The AGM notice was dispatched to 78,137 members via email and physical letters were sent to 1,822 members whose email addresses were unavailable.

The Auditor's Report on Financial Statements and Secretarial Audit Report for the year ended December 31, 2025, contained no qualifications, observations, or adverse comments, reflecting the company's strong governance practices. All resolutions were passed with the requisite majority as confirmed by the scrutinizer's report submitted on April 17, 2026.

Crisil Limited delivered robust financial performance in Q1FY26, with the Board of Directors approving the unaudited standalone and consolidated financial results for the quarter ended March 31, 2026. The company's consolidated income from operations reached ₹1,057.66 crore, marking a substantial 30.10% increase from ₹813.18 crore in the corresponding quarter of the previous year.

Financial Performance Highlights

The company's profitability showed impressive momentum with profit before tax rising 35.70% year-on-year to ₹308.38 crore compared to ₹227.27 crore in Q1FY25. Net profit surged 45.90% to ₹233.26 crore versus ₹159.84 crore in the corresponding quarter. Total income, including other income, stood at ₹1,093.67 crore versus ₹843.77 crore in the previous year quarter. Earnings per share increased to ₹31.90 from ₹21.86 in the corresponding quarter.

Segment-wise Performance

Both business segments contributed to the strong performance. The Ratings services segment generated revenue of ₹322.63 crore in Q1FY26 compared to ₹268.41 crore in Q1FY25, representing a 20.20% increase. The Research, Analytics & Solutions segment performed exceptionally well with revenue of ₹735.63 crore versus ₹545.30 crore in the previous year, marking a 34.90% growth.

Corporate Presentation and Strategic Initiatives

Following the results announcement, Crisil released its corporate presentation for Q1FY26, highlighting the company's strategic focus on domain-led GenAI solutions. The presentation emphasized the company's global presence serving 11,400 clients across 40 countries and showcased 26 industry recognitions, including 20 from Chartis Research. The company has been ranked #20 in Chartis RiskTech AI50 2025 and maintains its position as Category Leader in Model Validation for four consecutive years.

Management Commentary and Market Outlook

Amish Mehta, Managing Director & CEO of Crisil, commented on the results: "Our businesses saw growth during Q1FY26, driven by customer centricity and differentiated, domain-led solutions. The ongoing geopolitical issues underscore the essentiality of our insights and risk solutions for clients navigating complexity." The company expects India's gross domestic product to grow at 7.10% in the base case for this fiscal, compared with 7.60% last fiscal.

Board Meeting Outcome and Dividend Declaration

The Board of Directors meeting, which commenced at 9:15 a.m. IST and concluded at 12:00 noon IST on April 17, 2026, approved the payment of interim dividend of ₹9 per equity share of face value ₹1 each for the financial year ending December 31, 2026. The dividend will be paid on May 8, 2026, reflecting the company's commitment to returning value to shareholders.

Operational Efficiency and Foreign Exchange Impact

Total expenses increased to ₹785.29 crore from ₹616.50 crore in Q1FY25, primarily driven by higher employee benefits expenses of ₹556.14 crore. The net impact of foreign exchange movement was favourable in the quarter, with Q1FY26 profit before tax earnings including a foreign exchange gain of ₹14.40 crore compared to a loss of ₹5.20 crore for the same period in 2025.

Standalone Performance

On a standalone basis, Crisil reported revenue from operations of ₹474.64 crore in Q1FY26 compared to ₹400.75 crore in Q1FY25. Standalone net profit was ₹113.42 crore versus ₹129.82 crore in the corresponding quarter of the previous year. The standalone results included dividend income of ₹74.00 crore from subsidiaries.