Page 59 - Index

Mission-Critical Decisions, Made with Confidence.
Sl.
No.
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)
2 A tripartite
contract
with Crisil,
Crisil Irevna
US LLC and
Crisil
Irevna UK
Limited
(100%
Subsidiaries)
Crisil Integral IQ Ongoing subject
to renewal as
per contractual
terms
Crisil India, Crisil
Irevna UK, Crisil
Irevna US, are
engaged in providing
services for the Crisil
Integral IQ segment
to the end-client.
Due to commercial
rationale, it is
possible that either
party may enter into
customer contract for
provision of services
by the other party. In
such scenarios, the
revenue pertaining
to the respective
services deliveries
will be transferred on
a back-to-back basis
by the contracting
entity to the delivery
entity. (Amount of
transfer of revenue
amongst parties is
C 234.84 crore)
Back-to-back
transfer of
the amount
invoiced to the
customers for the
performance of
on-site services
May 28,
2024
Nil NA
*Crisil has been S&P’s trusted partner and has been providing support services to S&P entities since 2003 (i.e., prior to Crisil becoming a subsidiary of S&P).
Crisil shareholders have approved the provision of services to S&P entities at its 37 th AGM held on April 16, 2024. This resolution was voted upon by the minority
shareholders, without participation of S&P. Services provided by Crisil are at arm’s length pricing and in the ordinary course of business.
For and on behalf of the Board of Directors of Crisil Limited
Yann Le Pallec
Chairman
DIN: 05173118
Guwahati, February 10, 2025
Annual Report 2024
57
Statutory Reports