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ICRA ICRA Limited Jul3y2, 0 26 ThBeS EL imited TheN atioSntaolcE kx changIen doifa PhirJoezeej eTeobwheorys Limited DalSatlr eet ExchaPnlgaez a, Mumb4a0i00 0 1I,n dia PlnootC. / G1B ,l ock ScrCiopd 5e3:2 835 BandraC-oKmuprlleax Band(rEaa st) Mumb-a4i0 005 1I,n dia SymbIoClRA: DeaSri r/Madam, Sub-B:u siRneesspso nsainbSdiu lsittya inRaebpio2lrt0i 2ty5 -26 PurstuoRa engtu l3a4t(i2oa)nn(o df)t haeprp lirceagbulleoa ftt hiSeoe ncsu raintEdix ecsh ange BoarodfI nd(iLias tOibnlgi gaatnidDo inssc lRoesquurier eRmeegnutlsa)t ioanss , 2015, amend(etdh",eL istRienggu latpiloenafissn"ed)e ,n cloBsuesdi ness Reasnpdo nsibility SustaiRneapbo2irt0l 2i5t(-y"2 B6R SoRfI" C)RA L imi(tte"hdCe o mpany"). TheB RSfoRrm sp aortft hAen nuRaelp foorrtt hfien anycei2aa0rl2 5-26. ThBeR SwRi blelm adaev aiolnat bhCleoe m pawneyb'ssvi itwzew. w .i.c ra.in Thiifossr y oukri nidn fonnaatnrideo cno rd. Regards, Sincerely, (SS.h akReabhm an) CompaSneyc re&t Caorym pliOaffincceer EncAlsA. b:o ve Electric rdMF alnosoiro n, 3 Te:l+ .9 1.22.61693300 Websi:wt wew .icra.in AppasaMhaerba Mtahreg GI:NL 74999DL1991PLC0427E4m9a il:i nfo@icraindia.com Prabhadevi-4,0 0M0u2m5b ai Helpd:+e 9s1k.9354738909 Registered 7O1f0Sf,ti actee sH:mo auBns1 e4-,8 , BarRaokahNdae,mw bD ae l-h1i1 00T0e1:l.+ . 9 .111.23357940-41 RATING R•ESEARCH• INFORMATION lS4041 Corporate Governance Report Corporate Business Market Engagement & ESG Statutory Financial Overview Review Thought Leadership Stewardship Reports Statements Annexure VI Creating Shared Value for Every Stakeholder Business Responsibility and Sustainability Report FY 2025-2026 We remain committed to creating long-term value through responsible and ethical business practices. As a trusted research and rating agency, sustainability is embedded in our strategy and governance, guided by strong Human Rights, Environmental, and Health & Safety policies. During the year, we strengthened the integration of ESG principles across operations and risk frameworks, with a focus on transparency, integrity, and stakeholder engagement. Our CSR initiatives, employee volunteering, and partnerships continued to drive impact in financial inclusion, education, nation-building, and environmental stewardship. Going forward, we will continue to pursue growth anchored in Ramnath Krishnan environmental responsibility, social equity, and strong governance Managing Director & Group CEO delivering sustainable outcomes for all stakeholders. Annual Report 2025-26 149 IICCRRAA LLiimmiitteedd Contents Executive Summary Sustainability Vision & Strategic Alignment SECTION A: General Disclosures SECTION B: Management and Process Disclosures SECTION C : Principle Wise Performance Disclosure PRINCIPLE 1 PRINCIPLE 2 PRINCIPLE 3 PRINCIPLE 4 PRINCIPLE 5 PRINCIPLE 6 PRINCIPLE 7 PRINCIPLE 8 PRINCIPLE 9 Summary & Way Forward The report uses the following abbreviations for ease of reference: ICRA -ICRA Limited IAL -ICRA Analytics Limited ICRA ESG -ICRA ESG Ratings Limited D2K – D2K Technologies India Private Limited Fintellix – Fintellix India Private Limited ESG -Environmental, Social and Governance NA -Not Applicable SDG -Sustainable Development Goals BRSR -Business Responsibility and Sustainability Reporting BOD -Board of Directors KMP -Key Management Personnel Section A CSR -Corporate Social Responsibility General Disclosures SEBI -Securities and Exchange Board of India Section B Management & Process Disclosures NGRBC -National Guidelines on Responsible Business Conduct The Company -ICRA Section C Principle 1 to 9 150 Annual Report 2025-26 Corporate Business Market Engagement & ESG Statutory Financial Overview Review Thought Leadership Stewardship Reports Statements Annual Report 2025-26 151 IICCRRAA LLiimmiitteedd Business Responsibility and Sustainability Report FY 2025-2026 Section A Section B Section C General Disclosures Management & Process Disclosures Principle 1 to 9 Sustainability Vision & Strategic Alignment From Governance to Ground Impact: Aligning BRSR, NGRBC and Global Goals BRSR Section Coverage & Intent Aligned NGRBC Principle Focus Key UN SDGs Aligned Principle(s) Section A Establishes organizational profile, All 9 Principles Foundational disclosures General operations, workforce, value chain, supporting ethical conduct, Disclosures and CSR overview to enable transparency responsible operations, and and baseline accountability stakeholder transparency Section B Describes governance structures, Principles 1-9 Integration of sustainability, Management policies, risk management, Board ethics, and responsibility into & Process oversight, and stakeholder engagement governance, strategy, and Disclosures mechanisms management processes Section C Reports qualitative and quantitative Principle 1 Ethics, Transparency & Principle performance against each NGRBC Accountability Principle Principle 2 Sustainable & Responsible Goods and Services Principle 3 Employee Well-being, DEI, and Fair Labor Practices Principle 4 Stakeholder Engagement and Responsiveness Principle 5 Human Rights & Equal Opportunity Principle 6 Environmental Responsibility & Resource Efficiency Principle 7 Responsible Public Policy Advocacy Principle 8 Inclusive Growth & Community Development (CSR) Principle 9 Customer Value, Data Privacy & Responsibility 152 Annual Report 2025-26 Corporate Business Market Engagement & ESG Statutory Financial Overview Review Thought Leadership Stewardship Reports Statements Annual Report 2025-26 153 IICCRRAA LLiimmiitteedd Business Responsibility and Sustainability Report FY 2025-2026 SECTION A: GENERAL DISCLOSURES I. DETAILS OF THE LISTED ENTITY 1 Corporate Identity Number (CIN) of the Listed Entity L74999DL1991PLC042749 2 Name of the Listed Entity ICRA Limited 3 Year of Incorporation 1991 4 Registered office address B-710, Statesman House, 148, Barakhamba Road, New Delhi - 110001 5 Corporate address Building No. 8, Tower A, 2nd Floor, DLF Cyber City, Phase II, Gurugram - 122002 6 E-mail investors@icraindia.com 7 Telephone +91 124-4545300 8 Website www.icra.in 9 Financial year for which reporting is being done. Current Financial Year Start Date: 01-Apr-2025 End Date: 31-Mar-2026 10 Name of the Stock Exchange(s) where shares are listed Bombay Stock Exchange (BSE) National Stock Exchange (NSE) 11 Paid-up Capital (In ) 965.12 Lakhs 12 Name and contact details (telephone, email address) of the person who may be contacted in case of any queries on the BRSR report Name of Contact Person Amit Gupta - General Counsel Contact Number of Contact Person +91 124-4545300 Email of Contact Person investors@icraindia.com 13 Reporting boundary - Are the disclosures under this report made on a Consolidated basis standalone basis (i.e. only for the entity) or on a consolidated basis (i.e. for the entity and all the entities which form a part of its consolidated financial statements, taken together). 14 Whether the company has mandatorily undertaken reasonable No assessment or assurance of the BRSR Core? 15 Name of assessment or assurance provider - Not Applicable 16 Type of assessment or assurance obtained - Not Applicable Note: As per SEBI's phased implementation of BRSR Core assurance requirements, the Company currently does not fall under the category of entities mandated to undertake reasonable assurance for the BRSR Core indicators. Therefore, no external assurance was conducted for FY 2025-26, and the fields on assurance provider and assurance type are marked as Not Applicable. This report contains data pertaining to ICRA and its wholly owned subsidiaries. Data Basis Exclusions Financials Consolidated All overseas Subsidiaries and step-down Subsidiary Human Resources Consolidated All overseas Subsidiaries and step-down Subsidiary Information Technology and Consolidated All overseas Subsidiaries and step-down Subsidiary Environment The reporting scope primarily includes ICRA Limited and its wholly owned subsidiaries: ICRA Analytics Limited (IAL) and ICRA ESG Ratings (ICRA ESG). 154 Annual Rep [Showing first 8,000 characters — download PDF for full document]