CARE Ratings Limited has informed the Exchange regarding 'Disclosure of Business Responsibility and Sustainability Report for the Financial Year 2024-25'.
CARERATING · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
CARE Ratings has submitted its Business Responsibility and Sustainability Report (BRSR) for FY 2024-25 to the stock exchanges, as required under SEBI's listing regulations. The report is prepared on a standalone basis, covers credit ratings as its core business (96.49% of turnover), and identifies seven key ESG material issues including employee practices, data security, business ethics, and risk management. The company employed 598 permanent staff (32% female), maintained attrition at 23.43% (down marginally from 23.50%), and reported turnover of Rs. 337 crore with a net worth of Rs. 858 crore. Notably, CARE paid a SEBI settlement of Rs. 13.05 lakh related to a delay in reviewing a credit rating after a client event, and customer complaints rose sharply from 9 in FY24 to 37 in FY25.
This is a routine annual ESG compliance disclosure with no material business impact, though the SEBI settlement (already concluded) and the sharp rise in customer complaints are minor negatives worth monitoring for governance and service quality trends.