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
July 14, 2023
Listing Department BSE Limited P J Towers Dalal Street Mumbai 400 001
National Stock Exchange of India Ltd.
Exchange Plaza, 5th floor Plot No. C/1, G Block Bandra-Kurla Complex
Bandra (East), Mumbai 400 051
Dear Sir
Sub.: Disclosure under Regulation 30 of the SEBI (Listing obligations and Disclosure Requirements), Regulations, 2015
This is to inform you that in order to streamline the entity structure of the Company, the Board of Directors of Greenwich Associates Canada, ULC, (GA Canada) a wholly owned subsidiary of CRISIL Limited, has approved closure of GA Canada on July 14, 2023. Further, an update on the effective date of the closure of GA Canada shall be disclosed in due course.
Additional details on the closure of GA Canada are given in Annexure A.
This is for your information and records.
Kindly take the same on record.
Yours faithfully, For CRISIL Limited
Minal Bhosale Company Secretary ACS 12999
Encl.: a/a MINAL AMIT BHOSALE
Digitally signed by MINAL AMIT BHOSALE Date: 2023.07.14 22:07:04 +05'30'
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
Annexure A
Date of such binding agreement, if any, entered for sale of such unit/division, if any
Not Applicable
Amount & percentage of turnover or revenue or income and net worth of the listed entity contributed by such unit or division during the last financial year
Contribution to the listed entity i.e. CRISIL Limited by such unit or division as on December 31, 2022:
Particulars Amount Percentage Turnover or revenue
or income
NIL NIL
Net worth USD 850176
i.e. Rs. 704.5 Lakhs
0.4%
Date of closure or estimated time of closure within 3 months
Details and reasons for restructuring/ closure In order to reduce the administrative & operational expenses and to streamline the CRISIL group structure, it was proposed to close Greenwich Associates Canada ULC.
Quantitative effect of restructuring NIL
Qualitative effect of restructuring Streamlining of the CRISIL group structure Whether the promoter / promoter group/
group/ associate/ holding/ subsidiary companies/ Director & KMP and its relatives have any interest in the entity being acquired?
No
Brief Details of change in shareholding pattern (if any) of all entities
Not Applicable as no change
Any other significant information (in brief) Not Applicable