ICRA Analytics Limited Recommends Rs. 54 Per Share Dividend, Total Payout at Rs. 53.7 Crores
ICRA Limited disclosed that the Board of Directors of its wholly owned material subsidiary, ICRA Analytics Limited, recommended a dividend of Rs. 54 per equity share (face value Rs. 10 each) in its meeting held on May 18, 2026. The total recommended dividend amounts to Rs. 53.7 crores, disclosed under Regulation 30 of the SEBI (LODR) Regulations, 2015, and communicated to BSE Limited and the National Stock Exchange of India Limited by Company Secretary S. Shakeb Rahman.

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ICRA Limited has informed the stock exchanges of a significant corporate development at its wholly owned material subsidiary, ICRA Analytics Limited. Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company disclosed that the Board of Directors of ICRA Analytics Limited, in its meeting held on May 18, 2026, has recommended a dividend on equity shares.
Dividend Recommendation Details
The Board of Directors of ICRA Analytics Limited recommended a dividend of Rs. 54 per equity share. The equity shares carry a face value of Rs. 10 each. The total recommended dividend works out to Rs. 53.7 crores. The key parameters of this dividend recommendation are summarised below:
| Parameter: | Details |
|---|---|
| Dividend Per Equity Share: | Rs. 54 |
| Face Value Per Share: | Rs. 10 |
| Total Recommended Dividend: | Rs. 53.7 crores |
| Board Meeting Date: | May 18, 2026 |
| Regulatory Disclosure: | Regulation 30, SEBI (LODR) Regulations, 2015 |
| Subsidiary Type: | Wholly Owned Material Subsidiary |
Regulatory Disclosure
The disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The communication was signed by S. Shakeb Rahman, Company Secretary & Compliance Officer of ICRA Limited, and submitted to both BSE Limited and the National Stock Exchange of India Limited on May 18, 2026.
Historical Stock Returns for ICRA
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.06% | +1.76% | -0.75% | -11.11% | -12.48% | +67.16% |
How will the Rs. 53.7 crore dividend payout from ICRA Analytics Limited impact ICRA Limited's consolidated cash flows and its ability to distribute dividends to its own shareholders?
What does the substantial dividend recommendation from ICRA Analytics suggest about the subsidiary's future growth investment plans and whether it may be transitioning to a more mature, cash-generative phase?
Could the significant dividend from ICRA Analytics Limited signal a potential strategic restructuring, merger, or monetization event for the subsidiary in the near future?


































