Crisil ESG rating moves to 'Crisil ESG 69' from 'Crisil ESG 63'; Core ESG rating at 'Crisil Core ESG 74'

Crisil ESG Ratings & Analytics Ltd has voluntarily assigned IIFL Capital Services an ESG rating of 'Crisil ESG 69', against 'Crisil ESG 63' for FY 2024-25, and a Core ESG rating of 'Crisil Core ESG 74'.

Thu 1 Oct 2026

ESG Rating Assigned

'Crisil ESG 69'

Prior ESG Rating (FY 2024-25)

'Crisil ESG 63'

Core ESG Rating Assigned

'Crisil Core ESG 74'

Rating Basis

disclosures made for the financial year 2026 and other publicly available information

What the company informed

IIFL Capital Services Ltd has informed the exchanges that Crisil ESG Ratings & Analytics Ltd has voluntarily assigned it an ESG rating of 'Crisil ESG 69' and a Core ESG rating of 'Crisil Core ESG 74'. The update notes that the ESG rating for FY 2024-25 was 'Crisil ESG 63'.

The figures quoted

• ESG rating assigned: 'Crisil ESG 69'
• ESG rating for FY 2024-25: 'Crisil ESG 63'
• Core ESG rating assigned: 'Crisil Core ESG 74'
• Basis stated: disclosures made for the financial year 2026, along with other publicly available information

What an ESG rating is

ESG stands for environment, social and governance. Rating agencies study how a company handles these areas and then assign a score using their own scale. The update treats 'Crisil ESG 69' and 'Crisil Core ESG 74' as separate rating labels, and gives the previous year's ESG label as 'Crisil ESG 63'.

Reading the change

The ESG rating label now reads 'Crisil ESG 69', against 'Crisil ESG 63' for FY 2024-25. These are the agency's rating labels, not percentages of profit, revenue or any financial measure. The update describes the assignment as voluntary.

What this update is

• A third-party assessment of the company's ESG disclosures and practices.
• An exchange intimation of rating labels assigned by Crisil ESG Ratings.
• The letter carries no money, share or operational figures.

Why some investors watch ESG ratings

• Many institutional investors and ESG-themed funds use such ratings when screening or shortlisting companies.
• A rating label can be one input in deciding whether a company fits an ESG mandate.
• Such ratings sit alongside financial and business factors, and by themselves they do not change earnings, cash flows or dividends.

The takeaway

The update tells investors that Crisil ESG Ratings has voluntarily assigned the company an ESG rating of 'Crisil ESG 69' and a Core ESG rating of 'Crisil Core ESG 74', with the ESG rating for FY 2024-25 stated as 'Crisil ESG 63'. It offers a third-party view of the company's ESG disclosures for the financial year 2026. The company has pointed to Crisil's ESG ratings website for further details of the assigned ratings.

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