ICRA Limited — Board/Management Information 2020

Jul 1, 2020

ICRA Limited

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July 1, 2020

BSE Limited

Phiroze Jeejeebhoy Towers Dalal Street Mumbai 400 001, India Scrip Code: 532835

National Stock Exchange of India Limited

Exchange Plaza, Plot no. C/1, G Block Bandra-Kurla Complex Bandra (East) Mumbai - 400 051, India Symbol: ICRA

Dear Sir/Madam,

Sub.: - Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

This is to inform you that ICRA Limited (the “Company” or “ICRA”) has announced the appointment of Mr. Ramnath Krishnan as President of Ratings, ICRA, today. Please find attached a press release titled “ICRA appoints Ramnath Krishnan as President of Ratings”.

Request you to please take the same on record.

Regards,

Sincerely,

Digitally signed by VIPUL AGARWAL Date: 2020.07.01 11:33:57 +05'30'

(Vipul Agarwal)

Interim Chief Operating Officer and Group Chief Financial Officer

Building No. 8. 2[nd] Floor, Tower A DLF Cyber City, Phase II Gurugram – 122002, Haryana

Tel. : +91.124 .4545300 CIN : L749999DL1991PLC042749

Website: www.icra.in Email: info@icraindia.com Helpdesk: +91 9354738909

Registered Office:1105, Kailash Building, 11[th] Floor, 26 Kasturba Gandhi Marg, New Delhi 110001.Tel. :+91.11.23357940-45 R A T I N G R E SE A R C H I N F O R M A T I O N

PRESS RELEASE July 01, 2020

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ICRA appoints Ramnath Krishnan as President of Ratings

ICRA today has announced the appointment of Mr. Ramnath Krishnan as President of Ratings.

Mr. Krishnan will be responsible for driving strategy for ICRA Limited, the Group’s ratings business, continuing to strengthen ICRA’s analytical capabilities and thought leadership, and managing client relationships.

Mr. Krishnan has displayed tremendous leadership skills over his long career, holding multiple senior roles in India and abroad, successfully managing large teams and building businesses across geographies.

“We are delighted to welcome Mr. Krishnan,” said Mr. Arun Duggal, Non-Executive Chairman and an Independent Director of ICRA. “Mr. Krishnan is a highly regarded finance professional and we could not have chosen a better candidate to lead our ratings business with his deep knowledge of risk, credit and markets,” he added.

“I am excited about heading the ratings business of ICRA. Today, more than ever, market participants look to ICRA to help assess and manage increasingly complex risks to support their decision making. I look forward to providing thought leadership on traditional and emerging credit issues such as ESG, and guidance on providing best-in-class ratings and research to the markets,” Mr. Krishnan said.

Mr. Krishnan has over 33 years of experience in banking and finance. Mr. Krishnan joins ICRA from RBL Bank where he has been Chief Risk Officer since 2018, prior to which he spent 23 years with HSBC, holding senior positions at HSBC Bank in corporate credit, wholesale, private and investment banking in India and as Chief Risk Officer at HSBC Malaysia.

For further information, please contact:

Media Contacts:
Naznin Prodhani Head Media & Communications ICRA Ltd Tel: + (91 124) 4545300, Dir - 4545860	Venkat Raman Manager - Media & Communications ICRA Ltd Tel: +91 90297 92600	Poornima Tyagi Deputy Manager- Media & Communications ICRA Ltd Tel: +(91-124)4545300,Ext: 840

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Email:naznin.prodhani@icraindia.c Email:venkat.raman@icraindia.c Email:poornima.tyagi@icraindia.c om om om Girish Dikey/ Khushal Devera Ketchum Sampark Mob: 7738020260/ 9819666376 Email:girish.dikey@ketchumsampark.com/ khushal.devera@ketchumsampark.com © Copyright, 2020 ICRA Limited. All Rights Reserved. All information contained herein has been obtained by ICRA from sources believed by it to be accurate and reliable. Although reasonable care has been taken to ensure that the information herein is true, such information is provided 'as is' without any warranty of any kind, and ICRA in particular, makes no representation or warranty, express or implied, as to the accuracy, timeliness or completeness of any such information. Also, ICRA or any of its group companies, while publishing or otherwise disseminating other reports may have presented data, analyses and/or opinions that may be inconsistent with the data, analyses and/or opinions presented in this publication. All information contained herein must be construed solely as statements of opinion, and ICRA shall not be liable for any losses incurred by users from any use of this publication or its contents.

Disclaimer:

This Press Release is being transmitted to you for the sole purpose of dissemination through your newspaper/magazine/agency. The Press Release may be used by you in full or in part without changing the meaning or context thereof, but with due credit to ICRA Limited. However, ICRA Limited alone has the sole right of distribution of its Press Releases for consideration or otherwise through any media including, but not limited to, websites and portals.

For more information, visit www.icra.in

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https://www.linkedin.com/company/icralimited/ @ICRALimited