CRISIL Limited, a leading global analytics company, has successfully completed its amalgamation with Bridge to India Energy Private Limited, marking a significant corporate development for the firm. The merger, which was sanctioned by the National Company Law Tribunal (NCLT), Mumbai Bench on September 1, 2025, has now become effective following the filing of e-Form INC-28 with the Registrar of Companies on September 25, 2025.

Merger Details

The amalgamation scheme involves Bridge to India Energy Private Limited as the transferor company and CRISIL Limited as the transferee company. This strategic move is expected to strengthen CRISIL's position in the analytics and energy sector, potentially expanding its service offerings and market reach.

Regulatory Compliance

CRISIL Limited has adhered to all necessary regulatory procedures to ensure a smooth transition. The company informed the stock exchanges about the development, stating:

"The Scheme has become effective today post filing of e-Form INC-28 with the Registrar of Companies / Ministry of Corporate Affairs."

This announcement underscores CRISIL's commitment to transparency and compliance with regulatory requirements.

Corporate Governance Update

In a separate but noteworthy development, CRISIL Limited has initiated a postal ballot process for the appointment of Mr. Dinesh Khara as an Independent Director. Mr. Khara, the former Chairman of State Bank of India, brings extensive experience in the banking and financial services sector to CRISIL's board.

The postal ballot notice, dated September 24, 2025, outlines the following key points:

• The voting period will commence on September 26, 2025, at 9:00 a.m. (IST) and conclude on October 25, 2025, at 5:00 p.m. (IST).
• The results of the postal ballot will be announced by October 28, 2025.
• Mr. Khara's proposed term as an Independent Director is from September 24, 2025, to September 23, 2030.

Impact and Outlook

The completion of the merger with Bridge to India Energy Private Limited and the potential addition of Mr. Dinesh Khara to the board signify CRISIL's strategic efforts to enhance its capabilities and governance structure. These moves are likely to contribute to the company's growth trajectory and reinforce its position in the global analytics market.

Investors and stakeholders will be keenly watching how these developments unfold and impact CRISIL's future performance and market standing.

CRISIL Limited, a leading analytics company, has announced its intention to appoint Mr. Dinesh Khara, former Chairman of State Bank of India (SBI), as an Independent Director on its Board. The company has issued a postal ballot notice seeking shareholder approval for this significant appointment.

Appointment Details

The Board of Directors of CRISIL, based on the recommendations of the Nomination and Remuneration Committee, has appointed Mr. Khara as an Additional Director (Independent and Non-Executive) effective September 24, 2025. His proposed term as an Independent Director would run from September 24, 2025, to September 23, 2030, subject to shareholder approval.

About Dinesh Khara

Mr. Dinesh Khara brings a wealth of experience to CRISIL's Board:

• Served as Chairman of State Bank of India from October 2020 to August 2024
• Over 40 years of experience in the banking and financial services sector
• Previously held key positions at SBI, including Managing Director (Global Banking & Subsidiaries)
• Led the merger of five associate banks of SBI and Bhartiya Mahila Bank with SBI
• Former MD & CEO of SBI Funds Management Pvt Ltd

Mr. Khara holds an MBA from FMS New Delhi and is a Postgraduate in Commerce from Delhi School of Economics. He is also a Fellow member of the Indian Institute of Banking & Finance.

Voting Process

CRISIL has outlined the following voting process for shareholders:

Board's Recommendation

The Board of Directors considers Mr. Khara's appointment to be in the best interest of CRISIL, citing his complementary skills, ability to contribute to the company's growth, and his overall credentials. They have recommended his appointment to the shareholders.

CRISIL's Strategic Move

This appointment comes at a time when CRISIL is expanding its global presence. In a separate announcement on the same day, CRISIL revealed its plans to acquire McKinsey PriceMetrix Co., a leading provider of performance benchmarking and data-driven insights for the wealth management industry. This acquisition, valued at USD 38.00 million, is expected to strengthen CRISIL's position in the global benchmarking analytics market.

The addition of Mr. Khara to the Board, with his extensive experience in banking and financial services, aligns well with CRISIL's strategic growth initiatives in the financial sector.

Shareholders are encouraged to participate in the e-voting process to voice their decision on this significant appointment, which could shape CRISIL's future direction in the evolving financial analytics landscape.