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BSE Exchange Filings, Explained Simply

AI-powered plain-English analysis of every important BSE announcement — financial results, order wins, dividends, mergers and more. Updated live.

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📋 Filing Types Available on ForgeUp Filings Strictly sourced from BSE exchange announcements (equity segment only). We show only material, important filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India exchange announcements. More categories will be added over time.
ICRA Ltd
Updates on acquisition
M&A ▲ Positive Development LOW RISK
📅 Filed on BSE: 29 Jun 2026, 12:33 PM IST  ·  BSE ID: bc288e35-31a4-46cb-950c-dd9d2cfe5b15
View Original BSE Filing (PDF)
💡
In Simple Terms
ICRA's subsidiary bought the remaining shares of D2K Technologies for INR 32 crore, making it a full owner.
🤖 AI Summary
  • ICRA Analytics acquired the remaining 40% equity of D2K Technologies India Private Limited for INR 32 crore.
  • The acquisition results in D2K Technologies becoming a 100% wholly-owned step-down subsidiary of ICRA Limited.
  • D2K Technologies operates in the information and communication industry, providing banking and financial solutions.
  • D2K Technologies reported a turnover of INR 23.76 crore for FY26.
  • The transaction aligns with a previous announcement made on October 20, 2023.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Acquisition Cost for 40% Stake
INR 32 crore
D2K Technologies FY26 Turnover
INR 23.76 crore
D2K Technologies FY25 Turnover
INR 25.05 crore
D2K Technologies FY24 Turnover
INR 18.58 crore
🏢 How This Affects the Company
📈
Business Impact
This acquisition integrates D2K Technologies, an information and communication entity specializing in banking and financial solutions, fully into ICRA's operations, expanding its service portfolio.
💰
Financial Impact
ICRA Analytics incurred a cash outflow of INR 32 crore for the acquisition of the remaining 40% stake.
⚙️
Operational Impact
D2K Technologies will now operate as a wholly-owned step-down subsidiary, allowing for complete operational integration within the ICRA group.
👥 What This Means For Shareholders
✅
Action Required
No direct action required from shareholders based on this acquisition update.
👤
Who Is Affected
Shareholders of ICRA Limited are affected as the company's subsidiary, ICRA Analytics, now fully owns D2K Technologies, impacting consolidated financial statements.
🔍
Management Signal
Management is signaling a strategic intent to consolidate and integrate key acquired businesses for complete control and operational synergy.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List — track these upcoming events
ICRA's next quarterly results — review consolidated revenue contribution from D2K Technologies.
ICRA's annual report for FY26 — examine detailed financials and integration strategy for D2K Technologies.
Management commentary — understand future plans for D2K Technologies' banking and financial solutions.
LOW RISK The filing indicates completion of a previously announced acquisition, with no new significant risks introduced.
💡 Investor Takeaway
ICRA Analytics completed the acquisition of the remaining 40% equity in D2K Technologies for INR 32 crore, making it a 100% subsidiary. D2K Technologies' FY26 turnover was INR 23.76 crore, a decrease from FY25's INR 25.05 crore.
⚖️ Strengths & Concerns

✅ Positives

  • ICRA Analytics now holds 100% of D2K Technologies, ensuring full operational control and integration.
  • The acquired entity, D2K Technologies, reported a turnover of INR 23.76 crore for FY26, adding to the consolidated revenue.

⚠️ Concerns

  • D2K Technologies' FY26 turnover of INR 23.76 crore represents a decline from FY25's INR 25.05 crore turnover.
  • The acquisition involved a cash outflow of INR 32 crore for the remaining 40% stake, impacting cash reserves.
❓ Frequently Asked Questions
What is the total consideration paid by ICRA for the remaining stake in D2K Technologies?
ICRA Analytics paid INR 32 crore for the remaining 40% equity share capital of D2K Technologies India Private Limited.
What is the turnover of D2K Technologies for FY26?
D2K Technologies reported a turnover of INR 23.76 crore for Fiscal Year 2026.
What percentage of D2K Technologies does ICRA now own?
Following this acquisition, ICRA Analytics now holds 100% of the equity share capital of D2K Technologies India Private Limited.
In which industry does D2K Technologies operate?
D2K Technologies operates in the information and communication industry, providing banking and financial software solutions.

Questions based on this BSE filing only. For information purposes.

⚠️ For Information Only — Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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