CARE Ratings Limited Announces Changes in Board Committee Composition

CARE Ratings Limited has announced significant changes in the composition of its Board Committees, effective immediately following a Board of Directors meeting held on January 20, 2026. The company informed stock exchanges about these organizational restructuring decisions in compliance with SEBI regulations.

The Board meeting, which commenced at 2:30 p.m. and concluded at 4:15 p.m., focused on approving changes in the composition of various Board Committees. The company has communicated these changes to both BSE Limited and The National Stock Exchange of India Ltd., ensuring full regulatory compliance under Regulation 30 and Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Revised Committee Structure

The restructuring affects three major Board Committees, with new leadership appointments and member reallocations designed to enhance governance effectiveness.

Nomination and Remuneration Committee

The Nomination and Remuneration Committee has been reconstituted with the following composition:

Position:	Member Name
Chairperson:	Mr. Manoj Chugh
Member:	Mr. G. Mahalingam
Member:	Mr. V. Chandrasekaran
Member:	Dr. Bimal Patel

Stakeholders Relationship Committee

The Stakeholders Relationship Committee features new leadership and member structure:

Position:	Member Name
Chairperson:	Ms. Indrani Banerjee
Member:	Mr. Sobhag Mal Jain
Member:	Dr. Bimal Patel
Member:	Mr. Mehul Pandya

Strategy and Investment Committee

The Strategy and Investment Committee has been expanded with five members under new leadership:

Position:	Member Name
Chairperson:	Mr. Rajiv Bansal
Member:	Mr. V. Chandrasekaran
Member:	Mr. G. Mahalingam
Member:	Mr. Manoj Chugh
Member:	Dr. Bimal Patel

Regulatory Compliance and Communication

The company has ensured full transparency by making this information available on its official website at www.careedge.in , in addition to formal notifications to stock exchanges. The announcement was signed by Manoj Kumar CV, Company Secretary & Compliance Officer, demonstrating the company's commitment to proper governance protocols and regulatory adherence.

These committee restructuring changes reflect CARE Ratings Limited's ongoing efforts to optimize its governance framework and ensure effective oversight across key operational areas including nomination processes, stakeholder relations, and strategic investment decisions.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.15%	-2.58%	+3.70%	-9.38%	+24.79%	+213.55%

CARE Ratings Limited has successfully completed its postal ballot process, with shareholders overwhelmingly approving the appointment of Dr. Bimal Patel as Non-Executive Independent Director. The voting concluded on January 15, 2026, with the resolution receiving 99.99% approval from participating shareholders.

Voting Results and Outcome

The postal ballot, conducted exclusively through remote e-voting via NSDL platform, demonstrated strong shareholder support for the proposed appointment. The comprehensive voting process involved both institutional and retail investors.

Voting Category:	Shares Held	Votes Polled	Participation (%)	Votes in Favour	Approval Rate (%)
Public Institutions:	16,250,499	11,668,962	71.81%	11,668,962	100.00%
Public Non-Institutions:	13,762,864	1,460,583	10.61%	1,458,625	99.87%
Total:	30,013,363	13,129,545	43.75%	13,127,587	99.99%

Director Appointment Details

Dr. Bimal Patel's appointment as Non-Executive Independent Director has been formally approved for a three-year term. The appointment follows regulatory compliance requirements under the Companies Act, 2013, and SEBI Listing Regulations.

Appointment Parameters:	Details
Director Name:	Dr. Bimal Patel
DIN:	03006605
Position:	Non-Executive Independent Director
Term Duration:	3 years
Effective From:	November 12, 2025
Term End:	November 11, 2028
Age:	55 years

Regulatory Compliance and Filing

The company has submitted the voting results to both BSE Limited (Scrip Code: 534804) and National Stock Exchange of India Ltd (Symbol: CARERATING) under Regulation 30 and 44(3) of SEBI Listing Regulations. Company Secretary Manoj Kumar CV signed the regulatory filing on January 16, 2026.

Regulatory Details:	Information
BSE Scrip Code:	534804
NSE Symbol:	CARERATING
ISIN:	INE752H01013
Filing Date:	January 16, 2026
Compliance Officer:	Manoj Kumar CV

Scrutinizer Report and Process

Mitesh Dhabliwala of Parikh & Associates (FCS 8331) served as the appointed Scrutinizer for the postal ballot process. The scrutinizer's report confirmed the validity of the voting process and results.

Process Details:	Information
Scrutinizer:	Mitesh Dhabliwala
Firm:	Parikh & Associates
Membership Number:	FCS 8331
Report Date:	January 16, 2026
Cut-off Date:	December 5, 2025
Total Eligible Shareholders:	60,822

Director Profile and Qualifications

Dr. Patel brings extensive expertise in international law, national security, and institutional leadership spanning over 25 years. He currently serves as Vice-Chancellor and Professor of Public International Law at Rashtriya Raksha University and holds multiple prestigious positions.

Key Positions:

Member of National Security Advisory Board, National Security Council, Government of India
Member and Chair of Working Group, UN International Law Commission (2023-28)
Member of Financial Sector Regulatory Appointments Search Committee
Chairman and Independent Director of NSE Data Analytics Ltd, NSE Sustainability Ratings Analytics Ltd, and NSE Indices Ltd

Educational Qualifications:

Dual PhD in International Law (Leiden University and Jaipur)
LLM in International Law (Leiden University)
MA and Post Graduate Diplomas in International Relations (University of Amsterdam)
BSc degree

The voting results have been uploaded on the company's website at www.careedge.in and NSDL's e-voting platform at www.evoting.nsdl.com , completing all regulatory requirements for the appointment process.