ICRA Ltd

Integrated Filing — Corporate Governance (NSE XBRL)

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Filing Summary

Company
ICRA Limited
Symbol
ICRA
Quarter Ended
31-Mar-2026
Submission
New

General Disclosures

Advertisements As Per Regulation471
Yes
Annual Return As Provided Under Section92Of The Companies Act2013
Yes
Approval For Material Related Party Transactions
Yes
Approval Of The Board And Shareholders For Compensation Or Profit Sharing
Yes
Audio Or Video Recordings And Transcripts Of Post Earinings Or Quarterly Calls
Yes
Board Composition
Yes
Code Of Conduct
Yes
Compliance Certificate
Yes
Compliance With Sub Regulation3Of Regulation46With Respect To Accuracy Of Disclosures On The Website And Timely Updation
Yes
Confirmation That The Disclosures Are In A Separate Section As Specified In Sub Regulation2Of Regulation46
Yes
Credit Rating Or Revision In Credit Rating Obtained
Not Applicable
Date Of End Of Financial Year
31-Mar-2026
Date Of End Of Reporting Period
31-Mar-2026
Date Of Signing
25-Apr-2026
Date Of Start Of Financial Year
01-Apr-2025
Designation Of Person
Company Secretary and Compliance Officer
Designation Of Person Affirmations
Company Secretary and Compliance Officer
Designation Of Person For Annual Affirmations
Company Secretary and Compliance Officer
Designation Of Person For Quartely Affirmations
Company Secretary and Compliance Officer
Details Of Agreements Entered Into With The Media Companies And Or Their Associates
Not Applicable
Details Of Business
Yes
Details Of Establishment Of Vigil Mechanism Or Whistle Blower Policy
Yes
Disclosure Of Contact Details Of KMP Who Are Authorized For The Purpose Of Determining Materiality Under Sub Regulation5Of Regulation30
Yes
Disclosure Of Notes To Annexure1Explanatory Text Block
The report of the previous quarter was placed before the Board of Directors and the Board of Directors took note of the same.
Disclosure Of Related Party Transactions On Consolidated Basis
Yes
Disclosure Web Link Of Annual Return As Provided Under Section92Of The Companies Act2013Is Placed
https://www.icra.in/InvestorRelation/Index?tabname=ANNUALRETURN
Disclosure Web Link Of Audio Or Video Recordings And Transcripts Of Post Earinings Or Quarterly Calls Is Placed
https://www.icra.in/InvestorRelation/Index
Disclosure Web Link Of Company At Advertisements As Per Regulation471Is Placed
https://www.icra.in/InvestorRelation/Index?tabname=CORPORATEANNOUNCEMENT
Disclosure Web Link Of Company At Dividend Distribution Policy As Per Regulation43A1Is Placed
https://www.icra.in/InvestorRelation/Index
Disclosure Web Link Of Company At Materiality Policy As Per Sub Regulation4Regulation30Is Placed
https://www.icra.in/RegulatoryDisclosure/ShowCodePolicyReport?id=8&regulatoryDisclosureReportId=544
Disclosure Web Link Of Company At Separate Audited Financial Statements Of Each Subsidiary Of The Listed Entity Is Placed
https://www.icra.in/InvestorRelation/Index#breadcrumbs
Disclosure Web Link Of Company At Which Details Of Business Is Placed
https://www.icra.in/AboutUs#profile
Disclosure Web Link Of Company At Which Details Of Establishment Of Vigil Mechanism Or Whistle Blower Policy Is Placed
https://www.icra.in/InvestorRelation/Index#breadcrumbs
Disclosure Web Link Of Company At Which Financial Results Is Placed
https://www.icra.in/InvestorRelation/Index?tabname=FINANCIALRESULT
Disclosure Web Link Of Company At Which Policy For Determining Material Subsidiaries Is Placed
https://www.icra.in/InvestorRelation/Index#breadcrumbs
Disclosure Web Link Of Company At Which Policy On Dealing With Related Party Transactions Is Placed
https://www.icra.in/InvestorRelation/Index#breadcrumbs
Disclosure Web Link Of Company At Which Shareholding Pattern Is Placed
https://www.icra.in/InvestorRelation/Index?tabname=SHAREHOLDINGPATTERN
Disclosure Web Link Of Compliance With Sub Regulation3Of Regulation46With Respect To Accuracy Of Disclosures On The Website And Timely Updation Is Placed
https://www.icra.in/InvestorRelation/Index
Disclosure Web Link Of Confirmation That The Disclosures Are In A Separate Section As Specified In Sub Regulation2Of Regulation46Is Placed
https://www.icra.in/InvestorRelation/Index
Disclosure Web Link Of Disclosure Of Contact Details Of KMP Who Are Authorized For The Purpose Of Determining Materiality Under Sub Regulation5Of Regulation30Is Placed
https://www.icra.in/InvestorRelation/Index
Disclosure Web Link Of Disclosures Under Sub Regulation8Of Regulation30Is Placed
https://www.icra.in/InvestorRelation/Index
Disclosure Web Link Of Employee Benefit Scheme Documents Framed In Terms Of SEBI Share Based Employee Benefits And Sweat Equity Regulations2021Is Placed
https://www.icra.in/InvestorRelation/Index
Disclosure Web Link Of Memorandum Of Association And Articles Of Association Is Placed
https://www.icra.in/InvestorRelation/ShowCorporateGovernanceFile?Id=28
Disclosure Web Link Of Schedule Of Analyst Or Institutional Investor Meet And Presentation Prepared By Listed Entity For Analyst Or Institutional Investor Meet Is Placed
https://www.icra.in/InvestorRelation/Index?tabname=FNANALYSTPRESENTATION
Disclosure Web Link Of Secretarial Compliance Report Is Placed
https://www.icra.in/InvestorRelation/Index#breadcrumbs
Disclosures Under Sub Regulation8Of Regulation30
Yes
Dividend Distribution Policy As Per Regulation43A1
Yes
Employee Benefit Scheme Documents Framed In Terms Of SEBI Share Based Employee Benefits And Sweat Equity Regulations2021
Yes
Fees Or Compensation
Yes
Financial Results
Yes
Is SCORESID Available
Yes
ISIN
INE725G01011
Market Capitalisation As Per Immediate Previous Financial Year
Top 1000 listed entities
Materiality Policy As Per Sub Regulation4Regulation30
Yes
Memorandum Of Association And Articles Of Association
Yes
Minimum Information
Yes
MSEI Symbol
NOTLISTED
Name Of Signatory
S. Shakeb Rahman
Name Of Signatory Affirmations
S. Shakeb Rahman
Name Of Signatory For Annual Affirmations
S. Shakeb Rahman
Name Of Signatory For Quartely Affirmations
S. Shakeb Rahman
Name Of The Company
ICRA Limited
New Name And The Old Name Of The Listed Entity
Not Applicable
Other Corporate Governance Requirements With Respect To Subsidiary Of Listed Entity
Yes
Place
Gurugram
Plans For Orderly Succession For Appointments
Yes
Policy For Determining Material Subsidiaries
Yes
Policy For Related Party Transaction
Yes
Policy On Dealing With Related Party Transactions
Yes
Reason For Part F Of Annexure I Of The SEBI Circular Dated31December2024Related To Disclosure Of Loans Or Guarantees Or Comfort Letters Or Securities Etc Is Not Applicable To The Entity
Not Applicable
Recommendation Of Board
Yes
Reporting Quarter
Yearly
Review Of Compliance Reports
Yes
Risk Assessment And Management
Yes
Schedule Of Analyst Or Institutional Investor Meet And Presentation Prepared By Listed Entity For Analyst Or Institutional Investor Meet
Yes
SCORES Registration ID
i00010
Scrip Code
532835
Secretarial Compliance Report
Yes
Separate Audited Financial Statements Of Each Subsidiary Of The Listed Entity
Yes
Shareholding Pattern
Yes
Statements Of Deviations Or Variations As Specified In Regulation32
Not Applicable
Symbol
ICRA
The Listed Entity Has Approved Material Subsidiary Policy And The Corporate Governance Requirements With Respect To Subsidiary Of Listed Entity Have Been Complied
Yes
Type Of Company
Equity
Type Of Submission
Original
Vacancies In Respect Key Managerial Personnel
Yes
Vigil Mechanism
Yes
Whether As Per Sub Regulation2ba Of Regulation27Of SEBILODR There Has Been Cyber Security Incidents During The Quarter
No
Whether Part A Of Annexure I Of The SEBI Circular Dated31December2024Related To Compliance Report On Corporate Governance Is Applicable To The Entity
Yes
Whether Part F Of Annexure I Of The SEBI Circular Dated31December2024Related To Disclosure Of Loans Or Guarantees Or Comfort Letters Or Securities Etc Is Applicable To The Entity
No

Additional Disclosures

Entry D_MeetingBOD1
Whether Requirement Of Quorum Met
Yes
Entry D_MeetingBOD2
Whether Requirement Of Quorum Met
Yes
Entry D_MeetingBOD3
Whether Requirement Of Quorum Met
Yes
Entry D_MeetingComit1
Whether Requirement Of Quorum Met
Yes
Entry D_MeetingComit2
Whether Requirement Of Quorum Met
Yes
Entry D_MeetingComit3
Whether Requirement Of Quorum Met
Yes
Entry D_MeetingComit4
Whether Requirement Of Quorum Met
Yes
Entry D_MeetingComit5
Whether Requirement Of Quorum Met
Yes
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Board Composition — Entity Disclosures

Disclosure Of Notes On Composition Of Board Of Directors Explanatory Text Block
The initial date of appointment for the Directors has been taken as the original date of appointment when the Director was inducted on the Board of Directors of ICRA Limited. In case of the Independent Directors, such date has been reckoned as the date from which their initial appointment was approved by the members of ICRA Limited in accordance with the provisions of the Companies Act, 2013 and the rules made thereunder.
The Composition Of Board Of Directors Is In Terms Of Sebi Regulations2015
Yes
Chairperson Related to MD / CEO
No
Regular Chairperson
Yes

Composition of Board of Directors

SrTitleDirectorPANDINCategory 1Category 2Category 3Date of BirthDisqualifiedStatusSpecial ResolutionInitial AppointmentRe-appointmentTenure (months)Listed DirectorshipsIndependent DirectorshipsAudit / Stakeholder MembershipsAudit / Stakeholder Chair Posts
1MrPalamadai Sundararajan Jayakumar******01173236Non-Executive - Independent DirectorChairperson08-Apr-1962NoActiveNot Applicable01-Nov-202401-Nov-2024177773
2MrPradip Manilal Kanakia******00770347Non-Executive - Independent DirectorNot Applicable04-Jun-1960NoActiveNot Applicable01-Nov-202401-Nov-2024176674
3MsAnuranjita Kumar******05283847Non-Executive - Independent DirectorNot Applicable02-Nov-1971NoActiveNot Applicable01-Dec-202401-Dec-2024163352
4MsWendy Huay Huay Cheong******08927070Non-Executive - Non Independent DirectorNot Applicable24-Oct-1977NoActiveNot Applicable06-Nov-202003-Aug-20231010
5MsShivani Priya Mohini Kak******09486147Non-Executive - Non Independent DirectorNot Applicable13-Jan-1973NoActiveNot Applicable18-Feb-202223-Jul-20241011
6MrStephen Arthur Long******09595066Non-Executive - Non Independent DirectorNot Applicable22-Dec-1963NoActiveNot Applicable13-May-202204-Aug-20221000
7MrBrian Joseph Cahill******10615493Non-Executive - Non Independent DirectorNot Applicable27-Jan-1965NoActiveNot Applicable01-Aug-202401-Aug-20241000
8MrRamnath Krishnan******09371341Executive DirectorNot ApplicableCEO-MD10-Jan-1963NoActiveNot Applicable23-Oct-202123-Oct-20241010

Committee Disclosures

Entry CompComit122
Date of Appointment
01-Dec-2024
Entry CompComit123
Date of Appointment
01-Nov-2024
Entry CompComit124
Date of Appointment
26-Oct-2021
Entry CompComit14
Date of Appointment
01-Nov-2024
Entry CompComit15
Date of Appointment
01-Nov-2024
Entry CompComit16
Date of Appointment
25-Nov-2020
Entry CompComit41
Date of Appointment
01-Dec-2024
Entry CompComit42
Date of Appointment
01-Nov-2024
Entry CompComit43
Date of Appointment
25-Nov-2020
Entry CompComit68
Date of Appointment
18-Feb-2022
Entry CompComit69
Date of Appointment
01-Aug-2025
Entry CompComit70
Date of Appointment
26-Oct-2021
Entry CompComit95
Date of Appointment
13-May-2022
Entry CompComit96
Date of Appointment
01-Nov-2024
Entry CompComit97
Date of Appointment
26-Oct-2021
Entry MainD
Composition And Role Of Risk Management Committee
Yes
Composition Of Audit Committee
Yes
Composition Of Nomination And Remuneration Committee
Yes
Composition Of Stakeholder Relationship Committee
Yes
Composition Of Various Committees Of Board Of Directors
Yes
Disclosure Web Link Of Company At Which Composition Of Various Committees Of Board Of Directors Is Placed
https://www.icra.in/InvestorRelation/ShowDisclosuresUnderRegulationFile?Id=18
Memberships In Committees
Yes
Prior Or Omnibus Approval Of Audit Committee For All Related Party Transactions
Yes
Risk Management Committee
Yes
Role Of Audit Committee And Information To Be Reviewed By The Audit Committee
Yes
Role Of Nomination And Remuneration Committee
Yes
Role Of Stakeholders Relationship Committee
Yes
The Committee Members Have Been Made Aware Of Their Powers Role And Responsibilities As Specified In Sebi Regulations2015
Yes
The Composition Of Audit Committee Is In Terms Of Sebi Regulations2015
Yes
The Composition Of The Nomination And Remuneration Committee Is In Terms Of Sebi Regulations2015
Yes
The Composition Of The Risk Management Committee Is In Terms Of Sebi Regulations2015
Yes
The Composition Of The Stakeholders Relationship Committee Committee Is In Terms Of Sebi Regulations2015
Yes
Whether The Audit Committee Has A Regular Chairperson
Yes
Whether The Corporate Social Responsibility Committee Has A Regular Chairperson
Yes
Whether The Nomination And Remuneration Committee Has A Regular Chairperson
Yes
Whether The Risk Management Committee Has A Regular Chairperson
Yes
Whether The Stakeholders Relationship Committee Has A Regular Chairperson
Yes

Audit Committee

Additional Position
Chairperson
Director DIN
00770347
Member Name
Pradip Manilal Kanakia
Position
Non-Executive - Independent Director

Audit Committee

Additional Position
Member
Director DIN
01173236
Member Name
Palamadai Sundararajan Jayakumar
Position
Non-Executive - Independent Director

Audit Committee

Additional Position
Member
Director DIN
08927070
Member Name
Wendy Huay Huay Cheong
Position
Non-Executive - Non Independent Director

Audit Committee

Audit Committee

Corporate Social Responsibility Committee

Additional Position
Chairperson
Director DIN
05283847
Member Name
Anuranjita Kumar
Position
Non-Executive - Independent Director

Corporate Social Responsibility Committee

Additional Position
Member
Director DIN
09486147
Member Name
Shivani Priya Mohini Kak
Position
Non-Executive - Non Independent Director

Corporate Social Responsibility Committee

Additional Position
Member
Director DIN
09371341
Member Name
Ramnath Krishnan
Position
Executive Director

Nomination and remuneration committee

Additional Position
Chairperson
Director DIN
05283847
Member Name
Anuranjita Kumar
Position
Non-Executive - Independent Director

Nomination and remuneration committee

Additional Position
Member
Director DIN
00770347
Member Name
Pradip Manilal Kanakia
Position
Non-Executive - Independent Director

Nomination and remuneration committee

Additional Position
Member
Director DIN
08927070
Member Name
Wendy Huay Huay Cheong
Position
Non-Executive - Non Independent Director

Other Committee

Additional Position
Chairperson
Director DIN
08927070
Member Name
Wendy Huay Huay Cheong
Name Of Other Committee
Strategy Committee
Position
Non-Executive - Non Independent Director

Other Committee

Additional Position
Member
Director DIN
10615493
Member Name
Brian Joseph Cahill
Name Of Other Committee
Strategy Committee
Position
Non-Executive - Non Independent Director

Other Committee

Additional Position
Member
Director DIN
09371341
Member Name
Ramnath Krishnan
Name Of Other Committee
Strategy Committee
Position
Executive Director

Other Committee

Additional Position
Chairperson
Director DIN
10615493
Member Name
Brian Joseph Cahill
Name Of Other Committee
Ratings Sub-Committee
Position
Non-Executive - Non Independent Director

Other Committee

Additional Position
Member
Director DIN
01173236
Member Name
Palamadai Sundararajan Jayakumar
Name Of Other Committee
Ratings Sub-Committee
Position
Non-Executive - Independent Director

Other Committee

Additional Position
Member
Director DIN
09595066
Member Name
Stephen Arthur Long
Name Of Other Committee
Ratings Sub-Committee
Position
Non-Executive - Non Independent Director

Other Committee

Name Of Other Committee
Ratings Sub-Committee

Other Committee

Name Of Other Committee
Ratings Sub-Committee

Risk Management Committee

Additional Position
Chairperson
Director DIN
09595066
Member Name
Stephen Arthur Long
Position
Non-Executive - Non Independent Director

Risk Management Committee

Additional Position
Member
Director DIN
00770347
Member Name
Pradip Manilal Kanakia
Position
Non-Executive - Independent Director

Risk Management Committee

Additional Position
Member
Director DIN
09371341
Member Name
Ramnath Krishnan
Position
Executive Director

Risk Management Committee

Stakeholders Relationship Committee

Additional Position
Chairperson
Director DIN
09486147
Member Name
Shivani Priya Mohini Kak
Position
Non-Executive - Non Independent Director

Stakeholders Relationship Committee

Additional Position
Member
Director DIN
05283847
Member Name
Anuranjita Kumar
Position
Non-Executive - Independent Director

Stakeholders Relationship Committee

Additional Position
Member
Director DIN
09371341
Member Name
Ramnath Krishnan
Position
Executive Director
Entry MainD
Gap Between The Meetings Of The Risk Management Committee
Yes
Meeting Of Audit Committee
Yes
Meeting Of Board Of Directors
Yes
Meeting Of Independent Directors
Yes
Meeting Of Nomination And Remuneration Committee
Yes
Meeting Of Risk Management Committee
Yes
Meeting Of Stakeholders Relationship Committee
Yes
Quorum Of Board Meeting
Yes
Quorum Of Nomination And Remuneration Committee Meeting
Yes
Quorum Of Risk Management Committeemeeting
Yes
The Meetings Of The Board Of Directors And The Above Committees Have Been Conducted In The Manner As Specified In Sebi Regulations2015
Yes
Entry MeetingBOD1
Dates Of Meeting In The Previous Quarter
28-Oct-2025
Number Of Directors Present In Meeting Of Board Of Directors
7
Number Of Independent Directors Attending The Meeting
2
Total Number Of Directors As On Date Of The Meeting
8
Entry MeetingBOD2
Dates Of Meeting If Any In The Relevant Quarter
28-Jan-2026
Maximum Gap Between Any Two Consecutive Meetings
91
Number Of Directors Present In Meeting Of Board Of Directors
8
Number Of Independent Directors Attending The Meeting
3
Total Number Of Directors As On Date Of The Meeting
8
Entry MeetingBOD3
Dates Of Meeting If Any In The Relevant Quarter
17-Mar-2026
Maximum Gap Between Any Two Consecutive Meetings
47
Number Of Directors Present In Meeting Of Board Of Directors
8
Number Of Independent Directors Attending The Meeting
3
Total Number Of Directors As On Date Of The Meeting
8
Entry MeetingComit1
Dates Of Meeting Of The Committee In The Previous Quarter
28-Oct-2025
Number Of Director Present In Meeting Of Committee All Directors Including Independent Director
3
Number Of Independent Director Attending Meeting Of Committee
2
Number Of Member Attending Meeting Of Committee
0
Total Number Of Directors As On Date Of The Meeting
3
Entry MeetingComit2
Dates Of Meeting Of The Committee In The Relevant Quarter
28-Jan-2026
Maximum Gap Between Any Two Consecutive Meetings
91
Number Of Director Present In Meeting Of Committee All Directors Including Independent Director
3
Number Of Independent Director Attending Meeting Of Committee
2
Number Of Member Attending Meeting Of Committee
0
Total Number Of Directors As On Date Of The Meeting
3
Entry MeetingComit3
Dates Of Meeting Of The Committee In The Previous Quarter
28-Oct-2025
Number Of Director Present In Meeting Of Committee All Directors Including Independent Director
3
Number Of Independent Director Attending Meeting Of Committee
1
Number Of Member Attending Meeting Of Committee
0
Total Number Of Directors As On Date Of The Meeting
3
Entry MeetingComit4
Dates Of Meeting Of The Committee In The Relevant Quarter
28-Jan-2026
Maximum Gap Between Any Two Consecutive Meetings
91
Number Of Director Present In Meeting Of Committee All Directors Including Independent Director
3
Number Of Independent Director Attending Meeting Of Committee
1
Number Of Member Attending Meeting Of Committee
0
Total Number Of Directors As On Date Of The Meeting
3
Entry MeetingComit5
Dates Of Meeting Of The Committee In The Relevant Quarter
28-Jan-2026
Number Of Director Present In Meeting Of Committee All Directors Including Independent Director
3
Number Of Independent Director Attending Meeting Of Committee
1
Number Of Member Attending Meeting Of Committee
0
Total Number Of Directors As On Date Of The Meeting
3
Entry MainD
Contact Information Of The Designated Officials Of The Listed Entity Who Are Responsible For Assisting And Handling Investor Grievances
Yes
Disclosure Web Link Of Company At Which Contact Information Of The Designated Officials Of The Listed Entity Who Are Responsible For Assisting And Handling Investor Grievances Is Placed
https://www.icra.in/InvestorRelation/Index#breadcrumbs
Disclosure Web Link Of Company At Which Email Address For Grievance Redressal And Other Relevant Details Is Placed
https://www.icra.in/InvestorRelation/Index#breadcrumbs
Email Address For Grievance Redressal And Other Relevant Details
Yes
No Of Investor Complaints Disposed Off During The Period
1
No Of Investor Complaints During The Period
0
No Of Investor Complaints Received During The Period
1
Whether Part B Of Annexure I Of The SEBI Circular Dated31December2024Related To Investor Grievance Redressal Report Is Applicable To The Entity
Yes
Entry MainI
No Of Investor Complaints
0
Entry PY_I
No Of Investor Complaints
0
Composition Of Board Of Directors Of Unlisted Material Subsidiary
Yes
Reason For Part C Of Annexure I Of The SEBI Circular Dated31December2024Related To Disclosure Of Acquisition Of Shares Or Voting Rights In Unlisted Companies Is Not Applicable To The Entity
During the quarter ended March 31, 2026, there were no instances of acquisition of shares or voting rights in unlisted companies.
Whether Part C Of Annexure I Of The SEBI Circular Dated31December2024Related To Disclosure Of Acquisition Of Shares Or Voting Rights In Unlisted Companies Is Applicable To The Entity
No
Entry I_OngoingTaxLitigationsOrDisputes1
Current Status
ICRA Limited (the "Company" or "ICRA") has received an assessment order on March 02, 2026 under section 143(3) r.w.s. 144B from the Income Tax Department for the AY 2023-24, wherein no addition has been made to the return of income filed by ICRA. Pursuant to the order, a refund of Rs. 8.81 crores (including interest of Rs. 1.34 crores) has now become due to ICRA and the tax demand of Rs 20.67 crores stands deleted. On perusal of computation sheet annexed with the assessment order, there are certain computational errors therein and accordingly, ICRA has preferred an appeal before the Hon’ble Commissioner of Income Tax (Appeals) [‘CIT(A)’] and also filed a rectification application before the tax officer. Presently, the same are pending for disposal.
Date of Initiation
24-Jan-2024
Opposing Party
Centralized Processing Center-Income Tax Department
Status (Previous Disclosure)
ICRA Limited (the "Company" or "ICRA") has received an intimation on January 24, 2024 under section 143(1) from the Income Tax Department for the A Y 2023-24, wherein credit for tax deducted at source as claimed by ICRA has not been given resulting in a demand of Rs. 20.67 crores
Entry I_OngoingTaxLitigationsOrDisputes2
Current Status
ICRA Limited (the "Company" or "ICRA") has received an order from Tribunal dated January 28, 2026 for AY 2017-18, wherein appeal has been decided in favor of ICRA and the rectification order passed under section 154 has been set aside. Pursuant to the same, the demand of INR 51.92 Cr stands deleted.
Date of Initiation
11-Jun-2024
Opposing Party
Assistant Commissioner of Income Tax, Delhi-Income Tax Department
Status (Previous Disclosure)
Received order dated 25.07.2025 for giving effect of assessment order as per Vivad se Vishwas Act, 2020 and the outstanding demand of INR 51.92 Cr got deleted from the income tax e-filing portal
Entry I_OngoingTaxLitigationsOrDisputes3
Current Status
ICRA Limited (the "Company" or "ICRA") has received an appeals order dated March 24, 2026 under section 107(11)of the CGST Act 2017, wherein authorities confirmed demand of Rs. 10.57 lakhs along with interest and penalty of Rs. 1.18 lakhs and dropped the demand of Rs. 0.99 lakhs along with interest and penalty of Rs. 0.40 lakhs.
Date of Initiation
29-Aug-2024
Opposing Party
Superintendent of Central Taxes, Range DND-1, North Division - I, Bangalore North Commissionerate, Bengaluru
Status (Previous Disclosure)
(i) Demand of Rs.11.56 lakhs in terms of section 73 of the CGST/KGST Act, 2017. (ii) Interest 111 terms of section 50(1) of the CGST/KGST/IGST Act, 2017 on the said demand - Rs. 11.27 lakhs. (iii) Penalty of Rs. 1.58 lakhs under section 73(9) of the CGST/KGST Act, 2017 on the said demand.
Entry MainD
Whether Part E Of Annexure I Of The SEBI Circular Dated31December2024Related To Disclosure Of Updates To Ongoing Tax Litigations Or Disputes Is Applicable To The Entity
Yes
Reason For Part D Of Annexure I Of The SEBI Circular Dated31December2024Related To Disclosure Of Imposition Of Fine Or Penalty Is Not Applicable To The Entity
No updates during the quarter ended March 31, 2026.
Whether Part D Of Annexure I Of The SEBI Circular Dated31December2024Related To Disclosure Of Imposition Of Fine Or Penalty Is Applicable To The Entity
No