Pursuant to Regulation 30 read with schedule III of the SEBI (Listing Obligations and disclosure Requirements) Regulations, 2015 ("Listing Obligations"), we wish to inform you that the Board of Directors of CRISIL Limited ("Company") at its meeting held today has approved: Incorporation of a step down subsidiary by CRISIL Ratings Limited, an existing wholly owned subsidiary of the Company, to carry out the business of ESG Ratings Provider (ERP) Transfer of ESG Scores business of the Company as a going concern on a slump sale basis, to the aforesaid step down subsidiary, by way of business transfer Agreement (BTA) The Additional details on the aforesaid disclosures are given in Annexure A & Annexure B respectively.