ICRA Limited has announced the opening of a special window for transfer and dematerialisation of physical securities, following a directive from the Securities and Exchange Board of India (SEBI). The initiative aims to facilitate the conversion of physical securities to electronic format while ensuring proper regulatory compliance.

SEBI Circular Implementation

The special window has been established pursuant to SEBI circular no. HO/38/13/11(2)/2026-MIRSD-POD/13750/2026 dated January 30, 2026. This regulatory framework provides a structured approach for investors holding physical securities to convert them to dematerialised form through a dedicated processing channel.

Window Duration and Lock-in Provisions

The special window will remain operational for one year from the date of registration of the transfer. However, securities processed under this facility will be subject to specific restrictions during the lock-in period.

Investor Contact Information

Investors interested in submitting requests or taking advantage of this provision should contact ICRA Limited's Registrar and Transfer Agent. The designated contact details are as follows:

Publication and Communication

The notice regarding the special window was published in leading newspapers on February 13, 2026, including Financial Express and Jansatta. This ensures wide dissemination of information to shareholders and potential beneficiaries of the facility.

The company has also committed to hosting this information on its official website at www.icra.in , providing easy access to detailed guidelines and procedures for interested investors.

Compliance and Documentation

The announcement was made by S. Shakeb Rahman, Company Secretary & Compliance Officer of ICRA Limited, from the company's Gurugram office on February 12, 2026. All proper procedures will be followed for transfer-cum-demat requests to ensure regulatory compliance and investor protection.

ICRA Limited's Board of Directors has approved significant modifications to the company's Policy for Determination of Legitimate Purposes under SEBI Prohibition of Insider Trading Regulations. The board meeting, held on January 28, 2026, focused on enhancing the company's compliance framework for handling sensitive financial information.

Policy Update Details

The approved modifications represent version 2.0 of the policy, marking the first major update since the original adoption on March 29, 2019. The updated policy becomes effective from January 29, 2026, demonstrating the company's commitment to maintaining current regulatory compliance standards.

Regulatory Framework and Compliance

The policy modifications align with SEBI (Prohibition of Insider Trading) (Amendment) Regulations, 2018, which became effective from April 1, 2019. These regulations require listed companies' boards to establish policies for determining "legitimate purposes" as part of their Codes of Fair Disclosure and Conduct under regulation 8 of the SEBI Prohibition of Insider Trading Regulations, 2015.

The updated policy addresses the requirements of sub-regulation 2A of regulation 3 of the Regulations, forming an integral part of ICRA's "code of practices and procedures for fair disclosure of unpublished price sensitive information."

Key Policy Components

The modified policy establishes comprehensive guidelines for legitimate sharing of Unpublished Price Sensitive Information in ordinary business operations. The policy defines legitimate purposes to include sharing information with:

• Promoters or Promoter Group of the Company
• Partners, collaborators, lenders, customers, suppliers
• Merchant bankers, legal advisors, auditors
• Insolvency professionals or other advisors and consultants

The policy emphasizes that such sharing must occur on a 'need to know' basis and should not circumvent regulatory prohibitions.

Information Scope and Database Requirements

The policy covers multiple categories of sensitive information, including Unpublished Price Sensitive Information, material information under SEBI Listing Regulations, and other non-public information affecting company business. The Board of Directors must maintain a structured digital database containing:

• Nature of Unpublished Price Sensitive Information
• Names of persons sharing and receiving information
• Permanent Account Numbers or authorized identifiers
• Time stamping and audit trails for security

Implementation and Availability

The updated policy will be made available on the company's website at www.icra.in , ensuring transparency and accessibility for stakeholders. The policy includes provisions for confidentiality agreements and notices when sharing sensitive information for legitimate purposes, strengthening the company's information security framework.

Company Secretary & Compliance Officer S. Shakeb Rahman signed the regulatory intimation, confirming the board's approval and commitment to enhanced compliance standards under the modified policy framework.