CARERATINGNSECARE Ratings Limited· FinanceMediumNeutral
Announced Wed, 13 May · 21:05 IST

CARE Ratings Limited has informed the Exchange regarding re-appointment of B S R & Co. LLP, Chartered Accountants (ICAI Firm Registration No.: 101248W/W-100022), as Statutory Auditors of the Company for a period of five years commencing from the conclusion of the 33rd Annual General Meeting (to be held in the year 2026) until the conclusion of the 38th Annual General Meeting (to be held in the year 2031), subject to approval of the Members of the Company at the ensuing Annual General Meeting.

Management Changes View source PDF

CARERATING · price

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Price reaction · full curve 14 horizons · vs prior close
+13.0%1-day move
₹1595.00
prior close
₹1700.10
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+3.9+2.2+0.8+1.3+13.0+8.4+10.7+8.0+7.6+6.6+0.6+3.4+3.9
Up moveDown movePending
AI summary

CARE Ratings Limited reported strong FY2026 results with consolidated revenue of Rs. 47,307 lakhs (up 17.6% YoY) and consolidated net profit of Rs. 17,370 lakhs (up 24.1% YoY). The Board recommended a final dividend of Rs. 14 per share, bringing total FY26 dividend to Rs. 22 per share (including Rs. 8 interim paid in Q2). Statutory auditors B S R & Co. LLP were re-appointed for 5 years (from 33rd to 38th AGM), and 55,000 stock options were granted at Rs. 1,590 exercise price with 3-year vesting. Additionally, the proposed partial stake sale of CareEdge Global IFSC Limited to State Bank of India and NSE IFSC Limited is still under legal documentation discussions with no timeline finalized.

Likely market impact

The strong profit growth and increased dividend payout are positive signals for shareholders. The ongoing subsidiary stake sale negotiations may unlock value if completed. No material concerns raised as auditors issued unmodified opinion on both standalone and consolidated financials.