ICRA Limited has completed the acquisition of the remaining 1.25% shareholding in Fintellix India Private Limited, making the fintech firm a wholly-owned subsidiary. The transaction, valued at ₹3.17 crore, was executed on July 28, 2026, and marks the final step in consolidating control over the Bengaluru-based software products and services company. This move integrates Fintellix’s risk, supervisory, and data analytics solutions directly into ICRA’s portfolio, strengthening its proprietary data platform capabilities.

The acquisition follows earlier announcements made on June 12, 2025, and October 17, 2025, regarding ICRA’s intent to increase its stake in the entity. The consideration was paid in cash for 62,500 equity shares with a face value of ₹10 each. As this represents a related-party transaction where Fintellix was already a subsidiary, no additional governmental or regulatory approvals were required beyond standard depository execution. The disclosure was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Clause 1 of Para A of Part A of Schedule III and Annexure 18 of the SEBI master circular dated January 30, 2026.

Fintellix India Private Limited, incorporated on March 17, 2006, operates in the software products and services sector. Headquartered in Bengaluru, Karnataka, the company specializes in risk, supervisory, and data analytics solutions offered on its proprietary data platform. With this acquisition, Fintellix and its subsidiaries have become step-down wholly-owned subsidiaries of ICRA Limited.

Financial Performance

Fintellix has demonstrated consistent growth in its turnover over the past three fiscal years. The company reported a turnover of ₹93.3 crore in FY26, an increase from ₹80.3 crore in FY25 and ₹74.7 crore in FY24. This upward trajectory highlights the growing demand for its specialized analytics solutions within the financial sector.

Strategic Consolidation

The full ownership of Fintellix allows ICRA to fully integrate its technological capabilities without minority interest considerations. S. Shakeb Rahman, Company Secretary & Compliance Officer of ICRA Limited, confirmed the completion of the transaction in the exchange filing. The consolidation is expected to enhance ICRA’s ability to leverage advanced data analytics for credit rating and research activities, aligning with the broader industry shift towards data-driven financial insights.

ICRA Limited has scheduled its Thirty-Fifth Annual General Meeting for July 30, 2026, at 3:30 p.m. IST through Video Conferencing or Other Audio Visual Means. The meeting will be held to transact business including the consideration and approval of financial statements and the declaration of dividend. The company has engaged National Securities Depository Limited (NSDL) to facilitate the meeting and the e-voting process.

In compliance with Regulation 36(1)(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company dispatched a letter to shareholders whose email addresses are not registered with the company, its Registrar and Transfer Agent, or depository participants. This letter contains the web-link and the exact path to access the Annual Report for the financial year 2025-26 on the company’s website. The AGM Notice and Annual Report are also available on the websites of BSE Limited and the National Stock Exchange of India Limited.

Members holding shares in physical form or in dematerialized form as of the close of business hours on July 23, 2026, are eligible to cast their votes. The remote e-voting period commences on July 27, 2026, at 9:00 a.m. IST and concludes on July 29, 2026, at 5:00 p.m. IST. Shareholders who have voted through remote e-voting will be eligible to attend the AGM but will not be permitted to vote again during the meeting.

Shareholders are encouraged to register their email IDs with their Depository Participants or the company to receive important communications electronically. Members holding shares in physical form are requested to update their KYC details and dematerialise their holdings in accordance with applicable SEBI circulars.