CRISIL LIMITED March 11, 2022
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, |
Sub.: Submission of disclosure on Related Party Transactions as per Regulation 23(9) of SEBI (Listing Obligations and Disclosure Requirement) Regulations, 2015
Pursuant to Regulation 23(9) of SEBI (Listing Obligations and Disclosure Requirement) Regulations, 20l5 ("SEBI Regulations, 2015"), enclosed herewith is the disclosure on Related Party Transactions, on consolidated basis prepared in accordance with applicable accounting standards, for the half year ended December 31, 2021.
Kindly take the same on record.
Yours faithfully,
For CRISIL Limited
MINAL
AMIT BHOSALE
Digitally signed by
MINAL AMIT BHOSALE Date: 2022.03.11 16:48:31 +05'30'
Minal Bhosale
Company Secretary
ACS 12999
Encl.: a/a
CRISIL Limited
Corporate Identity Number: L67120MH1987PLC042363
Registered Office: CRISIL House, Central Avenue, Hiranandani Business Park, Powai, Mumbai - 400076. Phone: +91 22 3342 3000 | Fax: +91 22 3342 3001
www.crisil.com
List of related parties (to the extent where transactions have taken place)
Parties | Relationship | ||
Related parties where control exists | |||
S&P Global Inc. | The Ultimate Holding Company | ||
CRISIL Foundation | Controlled trust | ||
Other related parties | |||
S&P India, LLC | Fellow subsidiary | ||
Standard & Poor's International LLC | Fellow subsidiary | ||
Standard & Poor's South Asia Services Private Limited | Fellow subsidiary | ||
S&P Global Asian Holdings Pte. Limited | Fellow subsidiary | ||
S&P Global Canada Corp. | Fellow subsidiary | ||
S&P Capital IQ (India) Private Limited | Fellow subsidiary | ||
S&P Global UK Limited | Fellow subsidiary | ||
S&P Global Ratings UK Limited | Fellow subsidiary | ||
S&P Global Ratings Europe Limited | Fellow subsidiary | ||
Standard & Poor's Financial Services, LLC | Fellow subsidiary | ||
S&P Global Ratings Singapore Pte Ltd | Fellow subsidiary | ||
S&P Global Ratings Hong Kong Limited | Fellow subsidiary | ||
S&P Global Ratings Australia Pty Ltd | Fellow subsidiary | ||
S&P Global Ratings Japan Inc. | Fellow subsidiary | ||
S&P Global Market Intelligence LLC | Fellow subsidiary | ||
S&P Global Market Intelligence Inc. | Fellow subsidiary | ||
S&P Trucost Limited | Fellow subsidiary | ||
Asia Index Private Limited | Fellow subsidiary | ||
S&P Global Switzerland SA | Fellow subsidiary | ||
Nreach Online Services Private Limited | Private company in which a Director is interested (with effect from October 1, 2021) | ||
Key Management Personnel | |||
Girish Paranjpe | Independent Director | ||
Vinita Bali | Independent Director | ||
Amar Raj Bindra | Independent Director (with effect from December 1, 2021) | ||
Shyamala Gopinath | Independent Director (with effect from July 10, 2020) | ||
Arundhati Bhattacharya | Independent Director (upto April 15, 2020) | ||
M. Damodaran | Independent Director (upto October 1, 2021) | ||
Elizabeth Mann | Director (with effect from November 29, 2021) | ||
Ewout Steenbergen | Director | ||
Martin Fraenkel | Director (upto November 29, 2021) | ||
John L Berisford | Chairman | ||
Ashu Suyash* | Managing Director and Chief Executive Officer (upto September 30, 2021) | ||
Amish Mehta* | Managing Director and Chief Executive Officer (with effect from October 1, 2021) | ||
Sanjay Chakravarti* | Chief Financial Officer | ||
Minal Bhosale* | Company Secretary | ||
* Related Party under the Companies Act, 2013 | |||
Transactions with related parties | (Rupees in lakhs) | ||
Name of the related party | Nature of transaction / outstanding balances | As at and for the | As at and for the |
period 1st July | period 1st July | ||
2021 to | 2020 to | ||
December 31,2021 | December 31,2020 | ||
S&P Global Canada Corp. | Professional services rendered | 113 | 86 |
Amount receivable | 17 | 15 | |
S&P Global Ratings Europe Limited | Professional services rendered | 2,431 | |
1,448 | |||
Reimbursement of expenses received | 3 | 3 | |
Amount receivable | 2 | 831 | |
S&P Global Ratings UK Limited | Professional services rendered | 1,049 | - |
Amount receivable | 2 | - | |
Standard & Poor's Financial Services, LLC | Professional services rendered | 7,072 | 7,401 |
Reimbursement of expenses paid | 290 | 47 | |
Amount receivable | 17 | 23 | |
S&P Global Ratings Singapore Pte Ltd | Professional services rendered | 265 | 297 |
Amount receivable | 50 | 46 | |
S&P Global Ratings Hong Kong Limited | Professional services rendered | 943 | 755 |
Amount receivable | 377 | 326 | |
S&P Global Ratings Australia Pty Ltd | Professional services rendered | 331 | 339 |
Amount receivable | -* | 55 | |
S&P Global Ratings Japan Inc. | Professional services rendered | 148 | 161 |
Amount receivable | - | 25 | |
S&P Global Market Intelligence LLC | Subscription fees paid | 211 | 173 |
Professional services rendered | 353 | 275 | |
Amount receivable | 137 | 79 |
CRISIL Limited
Corporate Identity Number: L67120MH1987PLC042363
Registered Office: CRISIL House, Central Avenue, Hiranandani Business Park, Powai, Mumbai - 400076. Phone: +91 22 3342 3000 | Fax: +91 22 3342 3001
www.crisil.com
Transactions with related parties | (Rupees in lakhs) | ||
Name of the related party | Nature of transaction / outstanding balances | As at and for the | As at and for the |
period 1st July to | period 1st July to | ||
December 31, | December 31, | ||
2021 | 2020 | ||
Standard & Poor's International LLC | Dividend paid | 1,020 | 1,560 |
Share capital outstanding | 60 | 60 | |
Reimbursement of expenses received | - | -* | |
Amount receivable | -* | -* | |
S&P India, LLC | Dividend paid | 5,306 | 8,114 |
Share capital outstanding | 312 | 312 | |
S&P Global Asian Holdings Pte. Limited | Dividend paid | 1,959 | 2,996 |
Share capital outstanding | 115 | 115 | |
S&P Capital IQ (India) Private Limited | Amount receivable | - | -* |
Standard & Poor's South Asia Services Private Limited | Reimbursement of expenses received | 614 | 578 |
Amount receivable | 52 | 909 | |
S&P Trucost Limited | Professional services rendered | 122 | - |
Amount receivable | 23 | - | |
Asia Index Private Limited | Reimbursement of expenses paid | 1 | 2 |
S&P Global Inc. | Professional services rendered | 48 | 17 |
Rent paid | 184 | 238 | |
Amount payable | - | 326 | |
Amount receivable | -* | - | |
S&P Global Market Intelligence Inc. | Reimbursement of expenses received | 23 | 24 |
Amount receivable | 16 | 4 | |
S&P Global UK Limited | Rent paid | 48 | 163 |
Professional services rendered | 742 | 498 | |
Amount payable | 10 | - | |
Amount receivable | 195 | 220 | |
S&P Global Switzerland SA | Professional services rendered | 121 | - |
CRISIL Foundation | Donation | 428 | 411 |
Donation collected from employees and paid to foundation | 40 | - | |
Amount receivable | - | 4 | |
Nreach Online Services Private Limited | Purchase of material | 3 | - |
Girish Paranjpe | Sitting fees and commission | 43 | 39 |
Shyamala Gopinath | Sitting fees and commission | 43 | 19 |
Arundhati Bhattacharya | Sitting fees and commission | - | 10 |
Vinita Bali | Sitting fees and commission | 47 | 37 |
M. Damodaran | Sitting fees and commission | 33 | 38 |
Amar Raj Bindra | Sitting fees and commission | 5 | - |
Ashu Suyash** | Remuneration | 671 | 278 |
Transfer of assets | 43 | - | |
Amish Mehta** | Remuneration | 459 | 242 |
Sanjay Chakravarti** | Remuneration | 177 | 107 |
Minal Bhosale** | Remuneration | 63 | 53 |
-* in amounts column denote amount less than Rupees 50,000
**Note: Employee benefits that requires actuarial valuation or are linked to events or fulfilment of conditions are disclosed in Managerial Remuneration as and when paid.
CRISIL Limited
Corporate Identity Number: L67120MH1987PLC042363
Registered Office: CRISIL House, Central Avenue, Hiranandani Business Park, Powai, Mumbai - 400076. Phone: +91 22 3342 3000 | Fax: +91 22 3342 3001
www.crisil.com
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CRISIL Limited published this content on 11 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 March 2022 12:09:05 UTC.
