ICRA Limited — Board/Management Information 2021

May 6, 2021

ICRA Limited

May 6, 2021

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 Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015

Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations") read with Part A of Schedule III of the Listing Regulations, please be informed that the Board of Directors of ICRA Limited (the "Company") has approved, as recommended by the Nomination and Remuneration Committee in its meeting held today, the proposal for the continuation of directorship of Mr. Arun Duggal (DIN: 00024262) as a Non-Executive and Independent Director of the Company, after attaining the age of seventy-five years, upto his present term as an Independent Director, on the existing terms and conditions, subject to approval of the members of the Company.

A disclosure as required under Part A of Schedule III of the Listing Regulations is enclosed.

Further, the Board of Directors based on the recommendation of the Nomination and Remuneration Committee has recommended to the members of the Company the appointment of Ms. Wendy Huay Huay Cheong (DIN: 08927070) as a Non-Executive and Non-Independent Director of the Company, liable to retire by rotation, who was appointed as an Additional Director with effect from November 6, 2020, by the Board of Directors of the Company.

The abovesaid Directors are not debarred from holding the office of director pursuant to order of the Securities and Exchange Board India or any other authority.

Kindly take the above on record.

Regards,

Sincerely,

Digitally signed by SIVARAMAN NARAYANASWAMI Date: 2021.05.06 21:50:57 +05'30'

(N. Sivaraman) Managing Director & Group CEO DIN: 00001747

Encl.: As above

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: B-710, Statesman House, 148, Barakhamba Road, New Delhi 110001.Tel. :+91.11.23357940-45

Disclosure under regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations") read with Part A of Schedule III of the Listing Regulations

Name of the Director		Mr. Arun Duggal
1.	Reason for change viz.	Continuation of directorship, after attaining the age of seventy-five years, upto present
	appointment,	term as an Independent Director.
	resignation, removal,
	death or otherwise
2.	Date of appointment and	Not applicable
	term of appointment	Upto November 10, 2024, present term as an Independent Director.
3.	Brief profile	Mr. Arun Duggal is the Non-Executive Chairman and an Independent Director ofICRA Limited. He is also a Visiting Professor at the Indian Institute of Management,Ahmedabad where he teaches a course on Venture Capital, Private Equity and BusinessEthics. He is an experienced international Banker and has advised companies andfinancialinstitutionsonFinancialStrategy,M&AandCapitalRaising.He is on the Boards of ITC Limited, Star Health & Allied Insurance Co. Ltd, JubilantPharma Limited, Singapore and IIT Delhi Endowment Management Foundation.Mr. Duggal had a 26 years career with Bank of America, mostly in the U.S., HongKong and Japan. His last assignment was as Chief Executive of Bank of America inIndia from 1998 to 2001. He is an expert in international finance and from 1981-1990he was head of Bank of America's (oil & gas) practice handling relationships withcompanies like Exxon, Mobil, etc. From 1991-94 as Chief Executive of BA AsiaLimited, Hong Kong he looked after Investment Banking activities for the Bank inAsia. In 1995, he moved to Tokyo as the Regional Executive, managing Bank ofAmerica's business in Japan, Australia and Korea. Mr. Duggal is involved in severalinitiatives in social and education sectors. Mr. Duggal is the founder of "Centre ofExcellence for Research on Clean Air (CERCA)" at Indian Institute of Technology,Delhi, India. He was erstwhile Chairman of the American Chamber of Commerce,India. He is the founder of Women on Corporate Boards program in India under whichhigh potential women are mentored individually by Corporate Leaders to prepare themfor Board careers. Women from this program are serving on over 200 corporate Boards.Mr. Duggal is also the Chairman of the Board of Advisor of COVID-19 HealthcareProfessional (CHP) initiative to connect healthcare professionals with hospitalsrequiring their services for treating COVID-19 patients. Mr. Duggal is also theChairman of Indian Institute of Technology Delhi Endowment Fund. IITD EndowmentFund is India's first alumni endowment fund by an educational institute.Mr. Duggal is a Trustee of Chennai Mathematical Institute (CMI). CMI is a Centre ofExcellenceforTeachingandResearchinMathematicalSciences.A Mechanical Engineer from the prestigious Indian Institute of Technology, Delhi, Mr.Duggal holds an MBA from the Indian Institute of Management, Ahmedabad (recipientof Distinguished Alumnus Award).
4.	Disclosure of	None
	relationships
	between directors

Building No. 8, 2 nd Floor, Tower A DLF Cyber City, Phase II Gurugram – 122002, Haryana Registered Office: B-710, Statesman House, 148, Barakhamba Road, New Delhi 110001.Tel. :+91.11.23357940-45

Tel.: +91.124 .4545300 CIN : L749999DL1991PLC042749

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