Care Ratings has achieved a significant regulatory milestone as its wholly-owned subsidiary CareEdge Global IFSC Limited received the ESG Rating and Data Product Provider license from the International Financial Services Centers Authority (IFSCA) on March 11, 2026.

License Details and Regulatory Framework

The license enables CareEdge Global IFSC Limited to function as an ESG Rating and Data Product Provider within the International Financial Services Centre framework. This regulatory approval was formally communicated to stock exchanges through a filing under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Strategic Business Expansion

This IFSCA license positions CareEdge Global IFSC to capitalize on the growing demand for environmental, social, and governance assessments in the financial services sector. The approval allows the subsidiary to provide comprehensive ESG rating and data services, particularly within the IFSC ecosystem where sustainable finance initiatives are gaining prominence.

The regulatory permission enhances Care Ratings' ability to serve clients seeking specialized ESG analysis and ratings. This development aligns with the increasing emphasis on sustainable finance and responsible investment practices in the Indian financial market.

Service Capabilities and Market Impact

With the ESG Rating and Data Product Provider license, CareEdge Global IFSC can now offer:

• Comprehensive ESG rating services for financial instruments
• Sustainability data analysis and reporting
• Environmental, social, and governance assessment frameworks
• Specialized consulting for sustainable finance initiatives

The license strengthens Care Ratings' position in the evolving financial services landscape, where ESG considerations are becoming increasingly critical for investment decisions and regulatory compliance. This expansion into ESG services represents a strategic move to diversify the company's revenue streams and capture opportunities in the sustainable finance sector.

CARE Ratings Limited has announced the allotment of 1,650 equity shares to its employees under the CARE Employee Stock Option Scheme 2020. The Nomination and Remuneration Committee (NRC) of the Board of Directors approved this employee stock option exercise on March 06, 2026.

Share Allotment Details

The allotted equity shares carry a face value of Rs. 10 each and are fully paid up. These shares were issued to company employees who exercised their stock options under the established ESOP scheme.

Impact on Share Capital

The allotment has resulted in an increase in the company's paid-up share capital structure. The total paid-up share capital has risen from Rs. 30,04,53,630 to Rs. 30,04,70,130 following this allotment.

Regulatory Compliance

CARE Ratings Limited has informed both BSE Limited and The National Stock Exchange of India Limited about this allotment as part of its regulatory disclosure obligations under Regulation 30. The company has requested the stock exchanges to take note of this development in the share capital structure.