Page 58 - Index

Annexure II to the Directors’ Report
Form No. AOC – 2
[Pursuant to Clause (h) of Sub-section (3) of Section 134 of the Companies Act, 2013, and Rule 8(2) of the
Companies (Accounts) Rules, 2014]
Form for disclosure of particulars of contracts/arrangements entered into by the Company with related parties referred
to in sub-section (1) of Section 188 of the Companies Act, 2013, including certain arm’s length transactions under third
proviso thereto.
1. Details of contracts or arrangements or transactions not on an arm’s length basis:
Sl.
No.
Name of
related
party and
nature of
relationship
Nature of
contracts/
arrangements/
transactions
Duration of
contracts/
arrangements/
transactions
Salient
features of
contracts/
arrangements/
transaction,
including
value, if any
Justification for
entering into
such contracts/
arrangements/
transactions
Date(s) of
approval
by the
Board
Amount
paid as
advances,
if any
Date on
which special
resolution
was passed
in general
meeting as
required under
first proviso to
Section 188
(a) (b) (c) (d) (e) (f) (g) (h)
Not applicable
2. Sl.
No.
Details of material contracts or arrangements or transactions on an arm’s length basis:
Name of
the related
party and
nature of
relationship
Nature of
contracts/
arrangements/
transactions
Duration of
contracts/
arrangements/
transactions
Salient features
of contracts/
arrangements/
transactions,
including value, if
any
Justification for
entering into
such contracts/
arrangements/
transactions
Date(s) of
approval
by the
Board/
Audit
Committee
Amount
paid as
advances
if any
Date on
which
special
resolution
was passed
in general
meeting u/s
188(1)
(a) (b) (c) (d) (e) (f) (g) (h)
1 S&P Global
Inc. and its
subsidiaries
(SPGI)
(fellow
subsidiaries)
Global Analytical
Center
Ongoing subject
to renewal as
per contractual
terms
Support SPGI and
its group in their
global operations,
consideration
of around
C 309.34 crore p.a.
Services rendered
by Crisil are at
arm’s length
pricing (ALP)
and in the
ordinary course
of business.
Crisil maintains
appropriate
documentation
to support ALP
with SPGI and its
group companies
November
6, 2023 &
October 15,
2024
Nil April 16,
2024
56 Annual Report 2024