ICRA Limited — Important, 17-10-2025: Disclosure of material issue

ICRA has completed the acquisition of 98.75% shareholding in Fintellix India Private Limited for INR 245.63 Cr in cash. The remaining 1.25% shareholding will be acquired in due course, subject to requisite regulatory approval.

**Impact:** This acquisition is a strategic move to significantly strengthen ICRA's risk technology portfolio and its position in risk and investment analytics. Fintellix, a Bengaluru-based RegTech and risk solutions company, brings deep expertise in regulatory reporting, supervisory platforms, credit risk, and data analytics with its proprietary tech platform. By combining ICRA's credit risk domain leadership with Fintellix's advanced solutions, the company aims to offer integrated solutions to financial institutions and regulators, helping them navigate complex regulatory environments, manage risk, and leverage data-driven insights.

Fintellix reported a turnover of INR 81.5 Cr for FY25 (FY24: INR 76.1 Cr; FY23: INR 87.7 Cr).