CRISIL Limited has formally submitted its Annual Secretarial Compliance Report to the stock exchanges for the financial year ended December 31, 2025. This submission is mandatory under prevailing listing regulations. The report, prepared by S. N. Ananthasubramanian & Co., confirms compliance across all major regulatory areas, including Listing Obligations, Insider Trading norms, and maintenance of statutory records. No material non-compliance was noted during the review period.
Filing of Annual Compliance Documentation
CRISIL Limited announced the submission of its mandatory Annual Secretarial Compliance Report to the National Stock Exchange (NSE) and BSE Limited. This report covers the compliance status for the financial year that concluded on December 31, 2025. The submission was executed on February 20, 2026, as required by regulation 24A of the SEBI Listing Regulations.
Independent Verification by CS Firm
The audit and verification of compliances were undertaken by S. N. Ananthasubramanian & Co., Company Secretaries. Their review focused on adherence to various SEBI Acts, Regulations, and circulars applicable to listed entities.
Key Areas of Examination
The auditors specifically examined compliance with:
- The Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“LODR”).
- Regulations concerning Substantial Acquisition of Shares and Takeovers.
- The Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015.
It is confirmed that there were no reportable events during the review period concerning the Issue of Capital, Buyback of Securities, or Issue and Listing of Non-Convertible Securities regulations.
Compliance Status Summary (Annexure C Highlights)
The report confirms the following positive compliance status:
Secretarial Standards: The company’s compliances align with the applicable Secretarial Standards issued by the ICSI, confirmed as ‘Yes’.
Policy Management: All applicable SEBI-related policies have been adopted with Board approval and are kept in conformity with the latest regulations, confirmed as ‘Yes’.
Website Maintenance: The entity maintains a functional website, ensures timely dissemination of information, and provides accurate web-links for corporate governance reports, confirmed as ‘Yes’.
Director Qualifications & Preservation: The entity confirmed that no directors are disqualified under the Companies Act, and records preservation adheres to the mandated policy, both confirmed as ‘Yes’.
Related Party Transactions: Prior approval of the Audit Committee was obtained for all relevant transactions, confirmed as ‘Yes’.
Findings on Non-Compliance
The annexures detailing deviations from regulations indicate a clean slate:
Annexure A (Violations): States ‘NIL’ findings regarding deviations, warning notices, or penalties imposed.
Annexure B (Previous Observations): Confirms that no action was required based on prior secretarial compliance reports.
Additional Non-compliances (Annexure C, Item 13): The auditors explicitly state: ‘No additional non-compliance observed for any SEBI regulation/ circular/ guidance note etc.’
Source: BSE
