ICRA Analytics Limited, a material subsidiary of ICRA Limited , has approved the acquisition of the remaining 40% equity share capital in D2K Technologies India Private Limited for a cash consideration of INR 32 crores. This strategic move will result in D2K becoming a wholly owned step-down subsidiary of ICRA upon completion. The transaction is structured to consolidate ownership without requiring any governmental or regulatory approvals, streamlining the process for the entity.

Transaction Details

The Board of Directors of ICRA Analytics approved the proposal to enter into a Share Purchase Agreement and amendments to the Investment Agreement with D2K and its existing shareholders. The acquisition targets 4,00,000 equity shares of INR 10 each, representing the remaining 40% stake on a fully diluted basis. The consideration of INR 32 crores will be paid in cash, and the closing is contingent upon the successful execution of the transaction by the depositories.

Target Entity Profile

D2K Technologies India Private Limited is classified as a related party transaction, being an indirect subsidiary of ICRA Limited. Incorporated on May 4, 2001, the company is headquartered in Mumbai and operates in the information and communication sector. D2K provides banking and finance solutions and software services to banks, financial institutions, and corporates.

The financial performance of D2K over the past three fiscal years shows a turnover of INR 18.58 crores in FY 24, INR 25.05 crores in FY 25, and INR 23.76 crores in FY 26. This acquisition allows ICRA Analytics to fully integrate the entity's capabilities into its broader portfolio.

ICRA Limited has scheduled a series of one-on-one meetings with analysts and institutional investors between June 15 and June 17, 2026. The disclosure, submitted under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, outlines the company's engagement with key market stakeholders to discuss publicly available information without sharing unpublished price sensitive details.

The meetings will be conducted through hybrid, virtual, and in-person formats. The company noted that the schedule remains subject to change due to exigencies on the part of the company, investor, or analyst.

Meeting Schedule

The following table details the specific dates, participants, and modes for the scheduled interactions:

The intimation was signed by S. Shakeb Rahman, Company Secretary & Compliance Officer, on June 12, 2026.