CARE RATINGS LTD.
NSE : CARERATINGBSE : 534804ISIN
CODE : INE752H01013Industry : RatingsHouse
: Private
BSE1105.7023.55 (+2.18 % )
PREV CLOSE (Rs.) 1082.15
OPEN PRICE (Rs.) 1099.25
BID PRICE (QTY) 0.00 (0 )
OFFER PRICE (QTY) 0.00 (0 )
VOLUME 1591
TODAY'S LOW / HIGH (Rs.)
52 WK LOW / HIGH (Rs.)
NSE1106.10 16 (+1.47 % )
PREV CLOSE(Rs.) 1090.10
OPEN PRICE (Rs.) 1098.00
BID PRICE (QTY) 1106.10 (25 )
OFFER PRICE (QTY) 0.00 (0 )
VOLUME 17947
TODAY'S LOW / HIGH(Rs.)
52 WK LOW / HIGH (Rs.)
Company News
| Date | Heading | Details |
|---|---|---|
| 10-May-2024 | Appointment of Director | Inter alia, approved:- 1. Considered and approved appointment of Mr. Manoj Chugh (DIN: 02640995) as an Additional Director (designated as Non-Executive Independent Director) of the Company, on the recommendation of the Nomination and Remuneration Committee, effective 9th May, 2024. 2. Recommended a final dividend of Rs. 11/- (Rupees Eleven only) per equity share of face value of Rs. 10/- (Rupees Ten only) each for the Financial Year 2024. The said dividend, upon approval by the shareholders, will be paid / dispatched to shareholders within 30 days of the date of the Annual General Meeting. 3. The 31 st Annual General Meeting of the Company will be held on Tuesday, July 9, 2024 at 3:30 p.m. (IST) through Video Conferencing/ Other Audio Visual Means (VC/OAVM) facility. |
| 10-May-2024 | CARE Ratings informs about outcome of board meeting | <div style="text-align: justify;">CARE Ratings has informed that the Board of Directors of the Company at their meeting held today on Thursday, May 9, 2024 have transacted the following businesses: Considered and approved the Audited Standalone and Consolidated Financial Results for the quarter and financial year ended March 31, 2024. Copy of the financial results together with the Auditor's Report issued by B S R & Co. LLP, the Statutory Auditors of the Company are enclosed. In compliance with the provisions of Regulation 33(3)(d) of the Listing Regulations, please note that B S R & Co. LLP, Statutory Auditors, have issued their Audit Reports with unmodified opinion on the Audited Standalone and Consolidated Financial Results of the Company for the year ended March 31, 2024. A declaration duly signed by the Chief Financial Officer of the Company stating that the said Audit Reports are with unmodified opinion, is enclosed along with the Financial Results of the Company; Considered and approved appointment of Manoj Chugh (DIN: 02640995) as an Additional Director (designated as Non-Executive Independent Director) of the Company, on the recommendation of the Nomination and Remuneration Committee, effective 9th May, 2024; Recommended a final dividend of Rs 11 (Rupees Eleven only) per equity share of face value of Rs. 10/- (Rupees Ten only) each for the Financial Year 2024. The said dividend, upon approval by the shareholders, will be paid / dispatched to shareholders within 30 days of the date of the Annual General Meeting. The Record date for the purpose of payment of Dividend will be June 21, 2024; The 31st Annual General Meeting of the Company will be held on Tuesday, July 9, 2024 at 3:30 pm (IST) through Video Conferencing/ Other Audio Visual Means (VC/OAVM) facility. The meeting of the Board of Directors of the Company commenced at 2:30 pm and concluded at 11:20 pm.</div><div style="text-align: justify;"><br></div><div style="text-align: justify;">The above information is a part of company's filings submitted to BSE.</div><div style="text-align: justify;"><br></div> |
| 10-May-2024 | CARE Ratings informs about press release | <div style="text-align: justify;">CARE Ratings has informed that it enclosed the Press Release and Investor Presentation of CARE Ratings for the quarter ended March 31, 2024 as per the requirement of Regulation 30 and Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.</div><div style="text-align: justify;"><br></div><div style="text-align: justify;">The above information is a part of company's filings submitted to BSE.</div><div style="text-align: justify;"><br></div> |
| 03-May-2024 | Care Ratings' arm gets nod to function as Category I ESG Ratings Provider | <p style="text-align: justify;">Care Ratings' wholly owned subsidiary -- CARE ESG Ratings (CareEdge-ESG) has received approval from the Securities and Exchange Board of India (SEBI) to function as a Category I ESG Ratings Provider (ERP). Having received the registration under the SEBI (Credit Rating Agencies) Regulations, 1999 on May 2, 2024, CareEdge-ESG will commence its environmental, social and governance (ESG) rating activity.</p><p style="text-align: justify;">CareEdge-ESG is a premier ERP that envisions being the catalyst of change for a sustainable future with the most credible ESG assessments. CareEdge-ESG has built a comprehensive framework that sources its key indicators from domestic and global standards, tuned to India-specific context. CareEdge-ESG's assessments are based on an evaluation of more than 700 data points. The assessment model is based on indicator-level materiality approach to defining weights.</p><p style="text-align: justify;">Care Ratings has emerged as the leading agency for covering many rating segments including manufacturing, infrastructure, financial sector including banks, non-financial services among others.</p><div style="text-align: justify;"><br></div> |
| 03-May-2024 | Care Ratings surges as its arm gets nod to function as Category I ESG Ratings Provider | <p style="text-align: justify;">Care Ratings is currently trading at Rs. 1204.00, up by 35.60 points or 3.05% from its previous closing of Rs. 1168.40 on the BSE.</p><p style="text-align: justify;">The scrip opened at Rs. 1183.60 and has touched a high and low of Rs. 1225.00 and Rs. 1183.60 respectively. So far 3048 shares were traded on the counter.</p><p style="text-align: justify;">The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1265.00 on 27-Feb-2024 and a 52 week low of Rs. 633.00 on 03-May-2023.</p><p style="text-align: justify;">Last one week high and low of the scrip stood at Rs. 1229.20 and Rs. 1159.90 respectively. The current market cap of the company is Rs. 3606.10 crore.</p><p style="text-align: justify;">The Institutions and Non-Institutions held 49.80% and 50.20% stake in the company respectively.</p><p style="text-align: justify;">Care Ratings' wholly owned subsidiary -- CARE ESG Ratings (CareEdge-ESG) has received approval from the Securities and Exchange Board of India (SEBI) to function as a Category I ESG Ratings Provider (ERP). Having received the registration under the SEBI (Credit Rating Agencies) Regulations, 1999 on May 2, 2024, CareEdge-ESG will commence its environmental, social and governance (ESG) rating activity.</p><p style="text-align: justify;">CareEdge-ESG is a premier ERP that envisions being the catalyst of change for a sustainable future with the most credible ESG assessments. CareEdge-ESG has built a comprehensive framework that sources its key indicators from domestic and global standards, tuned to India-specific context. CareEdge-ESG's assessments are based on an evaluation of more than 700 data points. The assessment model is based on indicator-level materiality approach to defining weights.</p><p style="text-align: justify;">Care Ratings has emerged as the leading agency for covering many rating segments including manufacturing, infrastructure, financial sector including banks, non-financial services among others.</p> |
| 30-Apr-2024 | CARE Ratings informs about board decision | <div>CARE Ratings has informed that the Board of Directors of the Company has decided to incorporate a wholly-owned subsidiary in GIFT City, Gujarat. In view of the same, the company informed that the CareEdge Global IFSC, wholly-owned subsidiary of the Company, has been incorporated on 29th April, 2024.</div><div><br></div><div>The above information is a part of company's filings submitted to BSE.</div><div><br></div> |
| 20-Mar-2024 | Care Ratings to incorporate wholly-owned subsidiary in GIFT City | <p style="text-align: justify;">Care Ratings has received an approval for incorporation of wholly-owned subsidiary in GIFT City, Gujarat, subject to Regulatory approvals. The Board of Directors of the Company at their meeting held on March 19, 2024, has approved the same. The name of the wholly-owned subsidiary proposed to be incorporated is ‘CareEdge Global IFSC' or any other name as may be approved by the relevant statutory authorities. The Company will invest Rs 30 crore as an initial equity share capital in the proposed company.</p><p style="text-align: justify;">The proposed company will carry out the business of Global Scale Ratings of Securities, Sovereign Ratings, sub-Sovereign ratings, Research, and any other activity allowed by Regulators. The proposed company would require approvals from International Financial Services Centres Authority (IFSCA) and SEZ Authorities - GIFT City and any other Regulator as may be required. The incorporation of new company will be tentatively completed by June 30, 2024.</p><p style="text-align: justify;">Care Ratings has emerged as the leading agency for covering many rating segments including manufacturing, infrastructure, financial sector including banks, non-financial services among others.</p><div style="text-align: justify;"><br></div> |
| 05-Jan-2024 | CARE Ratings informs about compliances-certificate | <div style="text-align: justify;">CARE Ratings has enclosed Certificate under Regulation 74 (5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended December 31, 2023, received from KFin Technologies, the Registrar and Share Transfer Agent of the Company.</div><div style="text-align: justify;"><br></div><div style="text-align: justify;">The above information is a part of company's filings submitted to BSE.</div> |
| 16-Dec-2023 | CARE Ratings informs about disclosure | <div>CARE Ratings has informed that the Securities and Exchange Board of India (SEBI) has issued a warning to the Company vide its communication (Letter) dated December 14, 2023. The details of the same forms part of Annexure A. The Company vide its letter / email dated December 15, 2023 has requested an opportunity to represent before SEBI`s inspection team, to reconsider the observations stated in the Letter. Notwithstanding the above, there is no impact on financial, operation or other activities of the Company pursuant to the abovementioned Letter. This will also be hosted on the Company's website, https://www.careratings.com.</div><div><br></div><div>The above information is a part of company's filings submitted to BSE.</div> |
| 30-Sep-2023 | CARE Ratings informs about outcome of board meeting | <p style="text-align: justify;">In compliance with Regulation 30 and Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘the Listing Regulations''), CARE Ratings has informed that the Board of Directors of the Company at their meeting held today on Saturday, September 30, 2023 have considered and approved infusion of capital in CARE Risk Solutions, wholly-owned subsidiary of the Company. The details of the same are attached as Annexure A as per SEBI Circular dated July 13, 2023. Further reference to its earlier Letter dated August 9, 2023, wherein the company had informed that the Board of Directors had given in-principle approval for pursuing the business of ESG Rating Provider. In view of the same, the Board of Directors of the Company has decided that CARE Advisory Research and Training, wholly-owned subsidiary of the Company, will apply for license of ESG Rating Provider to Securities and Exchange Board of India after the transfer of its existing business to CRSPL through slump sale. Also, the Board of Directors has approved change in composition of Strategy and Investment Committee of the Board with immediate effect. The revised composition of the Strategy and Investment Committee is attached as Annexure B. The Board has also approved grant of stock options to eligible employees, under 'CARE Employee Stock Option Scheme 2020' of the Company. Information on Options granted under 'CARE Employee Stock Option Scheme 2020' is enclosed as 'Annexure-C'. The meeting of the Board of Directors of the Company commenced at 10:00 am and concluded at 12:30 pm. The above information is also being made available on the Company's website: www.careedge.in.</p><p style="text-align: justify;">The above information is a part of company's filings submitted to BSE.</p> |
