We would like to inform you that the resolution mentioned in the Notice dated January 03, 2020, convening the meeting of the equity shareholders of the Company on February 12, 2020, has been passed with the requisite majority. In furtherance to the disclosures made by the Company on April 17, 2019 on the captioned subject, we wish to further update that the National Company Law Tribunal, Mumbai Bench (''the NCLT'') has now sanctioned the Scheme of Arrangement between CRISIL Limited ('the Transferor Company' or 'CRISIL') and CRISIL Ratings Limited (a company incorporated as a wholly owned subsidiary of CRISIL LIMITED) ('the Transferee Company' or 'CRISIL Ratings') and their respective Shareholders ('the Scheme'). Certified copy of the Order of the NCLT is still awaited. (As Per BSE Announcement dated on 08.06.2020) This is with further reference to our letters dated June 8, 2020, regarding the captioned Scheme. We are pleased to inform you that CRISIL Ratings Limited (the Transferee Company under the Scheme) has received the necessary approvals from SEBI and RBI to undertake the Ratings business transferred to it pursuant to the Scheme. Accordingly, the captioned Scheme is effective as on December 31, 2020. A Press Release in this regard is enclosed. This is for your information and records. Kindly acknowledge receipt and inform your members accordingly. (As Per BSE Announcement dated on 31.12.2020)