CRISIL Ltd. — Audit Report / Information 2025

Feb 20, 2025

February 20, 2025

Listing Department National Stock Exchange of India Ltd. Exchange Plaza, 5th floor Plot No. C/1, G Block Bandra-Kurla Complex Bandra (East) Mumbai 400 051

Listing Department BSE Limited P J Towers Dalal Street Mumbai 400 001

Dear Sirs,

Sub.: Annual Secretarial Compliance Report for year ended December 31, 2024

Pursuant to Regulation 24A of SEBI (Listing Obligations and Disclosure Requirement) Regulations, 20l5 ("SEBI Regulations, 2015"), enclosed herewith is the Annual Secretarial Compliance Report for the year ended December 31, 2024.

Kindly take the same on record.

Yours faithfully,

For Crisil Limited Minal Bhosale Company Secretary ACS 12999 MINAL AMIT BHOSALE Digitally signed by MINAL AMIT BHOSALE Date: 2025.02.20 14:00:58 +05'30'

Encl.: a/a

n /i S. N. ANANTHAS~BRAMANIAN & CO ~ Con1pany Secretaries· 10/ 25-26, 2ndFloor, Brindaban,

Thane (W) - 400 601 T: +91 22 25345648 I +91 22 25432704 E: snaco@snaco.net I W: www.snaco.net ICSI Unique Code: P1991MH040400

To, The Board of Directors, Crisil Limited CIN: L67120MH1987PLC042363 Crisil House, Central Avenue, Hiranandani Business Park, Powai, Mumbai - 400076

Sir/ Madam,

Annual Secretarial Compliance Report for the Financial Year 2024

We have been engaged by Crisil Limited (hereinafter referred to as 'the Company') bearing CIN: L67120MH1987PLC042363 whose equity shares are listed on National Stock Exchange of India Limited (NSE) and/or BSE Limited (BSE) to conduct an audit in terms of Regulation 24A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (LODR) as amended, read with SE Bi's Master Circular SEBI/HO/CFD/PoD2/CIR/P/2023/120 dated July 11 , 2023 and to issue the Annual Secretarial Compliance Report thereon.

It is the responsibility of the management of the Company to maintain records, devise proper systems to ensure compliance with provisions of all applicable SEBI Regulations and circulars/ guidelines issued there under from time to time and to ensure that the systems are adequate and are operating effectively.

Our responsibility is to verify compliances by the Company with provisions of all applicable SEBI Regulations and circulars/ guidelines issued there under from time to time and issue a report thereon.

Our audit was conducted in accordance with Guidance Note on Annual Secretarial Compliance Report issued by the Institute of Company Secretaries of India and in a manner which involved such examinations and verifications as considered necessary and adequate for the said purpose.

Annual Secretarial Compliance Report is enclosed.

S. N. Ananthasubramanian Founding Partner FCS: 4206 I COP No.: 1774 10th February, 2025 I Thane

S. N. AN.ANTH~t\SUBRAMANI.AN & CO Con1pauy Sec1·etaries

10/ 25-26, 2nd Floor, Brindaban, Thane (W) - 400 601 T: +91 22 25345648 I +91 22 25432704 E: snaco@snaco.net I W: www.snaco.net ICSI Unique Code: P1991MH040400

ANNUAL SECRETARIAL COMPLIANCE REPORT OF CRISIL LIMITED FOR THE FINANCIAL YEAR ENDED 31sr DECEMBER, 2024

We have examined:

• (a) all the documents and records made available to us and explanations provided by Crisil Limited ('the listed entity');
• (b) filings/ submissions made by the listed entity to the stock exchanges;
• (c) website of the listed entity;
• (d) any other document/ filing, as may be relevant, which has been relied upon to make this certification;

for the financial year ended 31st December, 2024 ('review period'), in respect of compliance with the provisions of:

• (a) the Securities and Exchange Board of India Act, 1992 ('SEBI Act') and the Regulations, circulars, guidelines issued there under; and
• (b) the Securities Contracts (Regulation) Act, 1956 ('SCRA'), rules made thereunder and the Regulations, circulars, guidelines issued there under by the Securities and Exchange Board of India ('SEBI').

The specific Regulations, whose provisions and the circulars/ guidelines issued thereunder, have been examined, include:

• (a) The Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("LODR");
• (b) The Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 - Not Applicable as there was no reportable event during the review period;
• (c) The Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011;
• (d) The Securities and Exchange Board of India (Buyback of Securities) Regulations, 2018 - Not Applicable as there was no reportable eve t during the review period;

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n ).-- S. N. ANANTHASUBRAMANIAN & CO ~ Co1npany Secreta1"ies

• (e) The Securities and Exchange Board of India (Share Based Employee Benefits & Sweat Equity) Regulations, 2021 ;
• (f) The Securities and Exchange Board of India (Issue and Listing of Non-Convertible Securities) Regulations, 2021 - Not Applicable as there was no reportable event during the review period;
• (g) Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015; and circulars/ guidelines issued thereunder;
• (h) The Securities and Exchange Board of India (Research Analysts) Regulations, 2014.

and based on the above examination, we hereby report that, during the review period:

• (a) The listed entity has complied with the provisions of the above Regulations and circulars/ guidelines issued thereunder, except in respect of matter specified in Annexure - A to the report.
• (b) The listed entity has taken the actions to comply with the observations made in previous reports, as specified in Annexure - B to the report.
• (c) We hereby report that, during the review period the compliance status of the listed entity with the requirements is as mentioned in Annexure - C to the report.

For S. N. ANANTHASUBRAMANIAN & Co. Company Secretaries ICSI Unique Code: P1991MH040400 Peer Review Cert. No.: 5218/2023

S. N. Ananthasubramanian Founding Partner FCS: 42061 COP No.: 1774 ICSI UDIN: F004206F003903585 10th February, 20251 Thane

Annexure-A

Sr.No.	ComplianceRequirement(Regulations/circulars/guidelinesincludingspecificclause)	Regulation/CircularNo.	Deviations	ActionTaken by	Type ofActions(Advisory/Clarification/Fine/ShowCauseNotice/Warning,etc.)	Details ofViolation	FineAmount	Remarks ofthe PracticingCompanySecretary	Observations/ Management RemarksResponse
1.					NIL

Annexure -B

Sr.No.	Observations/Remarks of thePracticing CompanySecretary	Observationsmade in thesecretarialcompliance reportfor the year ended	ComplianceRequirement(Regulations/ circulars/guidelines includingspecific clause)	Details of violation /deviations and actionstaken / penaltyimposed, if any, on thelisted entity	Remedial actions,if any, taken bythe listed entity	Comments of thePCS on the actionstaken by the listedentity
01	NIL

IB S. N .. AN.ANTH.ASUBR.AM.AN IAN & CO Compauy Sec1"eta1"ies

Annexure- C

We hereby report that, during the review period, the compliance status of the listed entity is as given hereunder:

Sr.No.	Particulars	Compliance status(Yes/No/NA)	Observations / Remarksby PCS
1)	Secretarial StandardThe compliances of the listed entity are in accordance with the applicableSecretarial Standards (SS) issued by the Institute of CompanySecretaries India (ICSI), as notified by the Central Government under	Yes	None
2)	section 118( 10) of the Companies Act, 2013 and mandatorily applicable.Adoption and timely updation of the Policies:	Yes	None
	• All applicable policies under SEBI Regulations are adopted with theapproval of the Board of Directors of the listed entities.
	• All the policies are in confonnity with SEBI Regulations and have beenreviewed & timely updated as per the regulations/ circulars/guidelinesissued by SEBI.
3)	Maintenance and disclosures on Website:	Yes	None
	• The Listed entity is maintaining a functional website.
	• Timely dissemination of the documents I infonnation under a separatesection on the website.
	• Web-links provided in annual corporate governance reports underRegulation 27(2) are accurate and soecific which re-directs to the

S. N. ANt\NTH.ASUBR.Al\1.\NI ... -'\N & CO Co1npauy Secretaries

Sr.No.	Particulars	Compliance status(Yes/No/NA)	Observations / Remarksby PCS
	relevant document(s)/ section of the website.
4)	Disqualification of Director:None of the Directors of the Company are disqualified under Section 164	Yes	None
	of Companies Act, 2013, as confirmed by the listed entity.
5)	Details related to Subsidiaries of listed entities have been examinedw.r.t.,a) Identification of material subsidiary companies	Yes	None
	b) Requirements with respect to disclosure of material as well as othersubsidiaries
6)	Preservation of Documents:	Yes	None
	The listed entity is preserving and maintaining records as prescribedunder SEBI Regulations and disposal/archival of records is being carriedout as per Policy of Preservation of Documents and Archival policyprescribed under SEBI Listing Regulations.
7)	Performance Evaluation:The listed entity has conducted performance evaluation of the Board,Independent Directors and the Committees at the start of every financialyear/during the financial year as prescribed in SEBI Regulations	Yes	None

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n .,.} S. N. ANANTHASUBRAMANIAN & CO ~ Con1pany Secretaries

Sr.No.	Particulars	Compliance status(Yes/No/NA)	Observations / Remarksby PCS
8)	Related Party Transactions:a) The listed entity has obtained prior approval of Audit Committee forall Related party transactions, or	Yes	None
	b) The Listed entity has provided detailed reasons along withconfirmation whether the transactions were subsequently approved/ratified/ rejected by the Audit Committee, in case no prior approvalhas been obtained.	NA	No reportable event
9)	Disclosure of events or information:The listed entity has provided all the required disclosure(s) underRegulation 30 read with Schedule Ill of SEBI Listing Regulations, 2015within the time limits prescribed thereunder.	Yes	None
10)	Prohibition of Insider Trading:The listed entity is in compliance with Regulation 3(5) & 3(6) SEBI(Prohibition of Insider Trading) Regulations, 2015.	Yes	None
11)	Actions taken by SEBI or Stock Exchange(s), if any:No Actions taken against the Company/ its promoters/ directors/subsidiaries either by SEBI or by Stock Exchanges (including under theStandard Operating Procedures issued by SEBI through variouscirculars) under SEBI Regulations and circulars/ guidelines issuedthereunder.	Yes	None_/~~>?"~;
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S. N. AN.ANTHA.SUBR.Al\1AN I.AN & CO Con1pany Secretaries

Sr.No.	Particulars	Compliance status(Yes/No/NA)	Observations / Remarksby PCS
12)	Resignation of statutory auditors from the listed entity or itsmaterial subsidiariesIn case of resignation of statutory auditor from the listed entity or any ofits material subsidiaries during the financial year, the listed entity and I orits material subsidiary(ies) has / have complied with paragraph 6.1 and6.2 of section V-D of chapter V of the Master Circular on compliance withthe provisions of the LODR Regulations by listed entities.	Not Applicable, as no reportableevent during the review period.	None
13)	Additional Non-compliances, if any:No additional non-compliance observed for any SEBI regulation/ circular/guidance note etc.	Yes	None

For S. N. ANANTHASUBRAMANIAN & Co. Company Secretaries ICSI Unique Code: P1991MH040400 Peer Review Cert. No.: ~ 18/2023

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S. N. Ananthasubramanian Founding Partner FCS: 4206 I COP No.: 1774 ICSI UDIN: F004206F003903585 10th February, 20251 Thane