CARE Ratings Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on July 10, 2025
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CARE Ratings (now branded as CareEdge Group) has submitted its Annual Report for FY 2024-25 along with the notice for its 32nd AGM scheduled for July 10, 2025 at 3:30 PM via video conferencing. The company reported its highest-ever consolidated revenue from operations of Rs 402.32 crore, up 21% year-on-year, with consolidated PAT rising to Rs 140 crore (from Rs 102.56 crore) and EBITDA margin at 39%. The Board has recommended a final dividend of Rs 11 per equity share, taking total FY25 dividend outflow to Rs 53.80 crore (interim Rs 7 + final Rs 11). Key milestones include becoming the first Indian credit rating agency to enter the Global Scale Ratings space via CareEdge Global IFSC Ltd (sovereign ratings for 39 countries), while international subsidiaries CareEdge Africa and CareEdge Nepal posted revenue growth of 48% and 26% respectively. Revenue mix stood at 89.5% from Ratings and 10.5% from Non-ratings verticals.
Shareholders on the record date of June 27, 2025 will be eligible for the final dividend of Rs 11/share and can participate in e-voting between July 7-9, 2025. The record-high revenue and PAT, combined with international expansion and growing non-ratings contribution, signal healthy business momentum that is likely to be viewed positively by the market.