BSECompany Update20h ago · 21 Jul 2026, 11:02 pm

Please find enclosed intimation regarding amalgamation of Crisil Canada Inc. and Crisil PriceMetrix Co.

Crisil Ltd · 500092

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Crisil Ltd has announced the amalgamation of its two wholly owned step-down subsidiaries, Crisil Canada Inc. and Crisil PriceMetrix Inc., to form a single entity under the name 'Crisil PriceMetrix Inc.' The amalgamation is subject to necessary statutory and regulatory approvals.

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Earnings Impact5/10
Growth Catalyst6/10
Governance Concern2/10
Regulatory Risk4/10
Balance Sheet Risk3/10
Liquidity Impact8/10
Market Sentiment5/10

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Crisil Ltd - 500092 - Intimation Regarding Amalgamation Of Crisil Canada Inc. And Crisil Pricemetrix Co.

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Crisil acomp~nyof S&PGtobat July 21, 2026 Listing Department Listing Department National Stock Exchange of India Ltd. BSE Limited Exchange Plaza, 5th floor P J Towers Plot No. C/1, G Block Dalal Street Bandra-Kurla Complex Mumbai 400 001 Bandra (East) Mumbai 400 051 Dear Sirs/Ma’am, Sub.: Intimation under Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”) Pursuant to Regulation 30 read with Schedule III of the SEBI Listing Regulations, we wish to inform you that the Board of Directors of Crisil Limited (“Crisil”) at its meeting held today, considered and approved amalgamation of Crisil Canada Inc. with Crisil PriceMetrix Inc., both wholly owned step-down subsidiaries of Crisil. Post amalgamation both the entities will cease to exist as separate entities and will form a single entity under the name “Crisil PriceMetrix Inc.” The amalgamation is subject to necessary statutory and regulatory approvals under the applicable laws of Ontario Business Corporation Act (OBCA). The disclosure as required pursuant to Regulation 30 of the SEBI Listing Regulations read with SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, is attached as per Annexure A. Kindly take this communication on record and inform your members accordingly. Yours sincerely, For Crisil Limited Minal Bhosale Company Secretary & Head - Legal ACS12999 Encl.: a/a Cttsil Limited Corporate identity Number: l67120MH 1987PlC042363 Registered Office: Ughtbr'idge IT Park, Said Vlha.r Road, Andh8ri East, Mumbai-400 072, India. PhOM: +91 22 6137 3000 I Emall; lnfo@crisll.c.otn I www.ctlsll.com Crisil acomp~nyof S&PGtobat Annexure A Sr. Details of Events that need to be Information of such Events No. provided 1. Name of the Entity forming part of Crisil PriceMetrix Inc. is a wholly owned step-down the amalgamation/ merger, details subsidiary of Crisil. Its total income for the period from in brief such as size, turnover etc. November 7, 2025 (date of closing of Pricemetrix acquisition) upto December 31, 2025, was USD 1,431,352. Crisil Canada Inc. is also a wholly owned step-down subsidiary of Crisil. Its total income for the year ended December 31, 2025, was USD 51,215. 2. Whether the transaction would fall The transaction involves amalgamation of two wholly within related party transaction(s)? owned step-down subsidiaries i.e. Crisil PriceMetrix If yes, whether the same is done at Inc. and Crisil Canada Inc. Hence, this does not fall arms-length within the purview of related party transactions under the Companies Act, 2013 and SEBI Listing Regulations. 3. Area of business of the entities Crisil PriceMetrix Inc. Crisil PriceMetrix Inc. is a Toronto-based software-as- a-service (SaaS) and data analytics provider specialized in wealth management, benchmarking and pricing intelligence. Crisil Canada Inc. Crisil Canada Inc. provides offerings in the Research and Benchmarking business segment. 4. Rationale for the merger The merger will consolidate Crisil’s global entity structure. 5. In case of Cash consideration – Not Applicable, the share capital of Crisil Canada Inc. amount or otherwise share amounting to $ 38 million will be retained as capital of exchange ratio amalgamated entity and the share capital will be issued to the parent company. 6. Brief details of change in Not applicable as the transaction will be between two shareholding pattern (if any) of wholly owned step-down subsidiaries of the Company listed entity and there will be no impact on its shareholding pattern. Crtsil Limited Corporate identity Number: l67120MH 1987PLC042363 Registered Office: Ughtbr'idge IT Park, Said VIM.r Road, Andh8ri East, Mumbai-400 072, India. Ph0tte: +91 22 6137 3000 I Emall: lnfo@crisll.c.om I www.cr-lsll.com