Addendum to the Notice of 20th AGM of ICRA Online Ltd

1. CorporateOffice: 17th&18th Floors, InfinityBenchmark Plot G‐1, Block GP, Sector V, Salt Lake Kolkata– 700 091, India Boardline: +91‐33‐4017 0100 BranchOffice: 107,1st Floor, Raheja Arcade, Plot No. 61 Sector11,C.B.D.Belapur, Navi Mumbai – 400 614, Maharashtra,India. Boardline : +91‐22‐6781 6100 Fax :+91‐22‐27563057 Fax Website :+91‐33‐40170101 : www.icraonline.com www.mutualfundindia.com ADDENDUM TO THE NOTICE OF TWENTIETH ANNUAL GENERAL MEETING OFICRAONLINELIMITED ICRA Online Limited (the “Company”) had issued a Notice dated July 31, 2019 for conveningtheTwentiethAnnualGeneralMeetingintermsofSection 101of the CompaniesAct,2013readwithRule 18oftheCompanies(Managementand Administration) Rules, 2014. The Notice has been dispatched to all the Members of the Company in due compliance with the provisions of the Companies Act, 2013 read with the Rulesframed thereunder. Subsequent to the issuance of the Notice, the Company has received a special notice dated September5,2019,pursuanttoSection115oftheCompaniesAct,2013readwithRule 23 of the Companies (Management and Administration) Rules, 2014 (“Special Notice”), fromitsshareholder,ICRALimited,(“ICRA”).ICRAasaShareholderhaspursuantto the Special Notice and in recognition of the legal rights vested in it as a shareholder of the Company,requestedto includeanadditional agendaforconsiderationatthe ensuing general meeting of the Members of the Company for removal of Mr. Naresh Takkar as Directorof the Company. In view of the above, the agenda for removal of Mr. Naresh Takkar as Director of the Company is being included herein below as Item no. 7. The explanatory statement with respectto Itemno. 7 is annexed herewith. The Addendum shall form an integral part of and shall be read along with the Notice dated July 31, 2019 circulated earlier to the Members of the Company along with the Notice of Postponementof 20thAnnualGeneralMeeting. 7. To approve the removal of Mr. Naresh Takkar (DIN: 00253288) from the office of DirectoroftheCompanyandinthisregard,toconsiderand,ifthoughtfit,topasswith or without modification(s), the followingresolution as an OrdinaryResolution: “RESOLVEDthatpursuant totheprovisionsofSection 169andother applicable provisions of the Companies Act, 2013, and the Rules framed thereunder, Mr. Naresh Takkar (Director Identification Number: 00253288) be and is hereby removed from the officeof Directorof ICRAOnlineLimitedwith effect fromthe date of thismeeting;

2. CorporateOffice: 17th&18th Floors, InfinityBenchmark Plot G‐1, Block GP, Sector V, Salt Lake Kolkata– 700 091, India Boardline: +91‐33‐4017 0100 BranchOffice: 107,1st Floor, Raheja Arcade, Plot No. 61 Sector11,C.B.D.Belapur, Navi Mumbai – 400 614, Maharashtra,India. Boardline : +91‐22‐6781 6100 Fax :+91‐22‐27563057 Fax Website :+91‐33‐40170101 : www.icraonline.com www.mutualfundindia.com RESOLVEDFURTHERthatanyDirectoroftheCompany,andtheCompanySecretary of the Company, be and are hereby, severally, authorised to do all such acts, deeds, things and matters, as may be considerednecessaryor appropriate or expedient to give effect to the above resolutions and matters incidental and ancillary thereto, and to delegate the aforesaid powers to any officer of the Company as may be deemed necessary in the best interestoftheCompany.” By Order oftheBoard ofDirectors ForICRAOnlineLimited sd/- (EshaChakraborty) Company Secretary&Compliance Officer Place:Kolkata Date:September11,2019 RegisteredOffice: InfinityBenchmark,17thFloor, Plot-G1, Block- GP, Sector-V, SaltLake,Kolkata-700 091 EXPLANATORYSTATEMENT (Pursuant toSection 102oftheCompanies Act, 2013) ItemNo.7 The Company received a Special Notice dated September 5, 2019, in accordance with Section 115 and other applicable provisions of the Companies Act, 2013 and the Rules framed thereunder from its shareholder, ICRA Limited (“ICRA”). ICRA holds, as on the dateoftheSpecialNotice,89,51,449equitysharesoftheCompanyrepresenting99.99% ofthevotingcapitalof theCompany.Thenominees of ICRA hold 9equityshares. ICRA, pursuant to the Special Notice and in recognition of the legal rights vested in it as a shareholder of the Company, requested to include an additional agenda to be considered at theensuinggeneralmeetingoftheMembersoftheCompanytoconsiderandifthought fit, pass an Ordinary Resolution for removal of Mr. Naresh Takkar as Director of the Company. ICRA has noted in the Special Notice that the Board of Directors of ICRA in its meeting held onAugust29, 2019,terminatedthe employmentofMr.NareshTakkar,with immediate effect. In light of the same, ICRA, by way of the Special Notice, has proposed removalofMr.TakkarfromtheofficeofDirectoroftheCompany.

3. CorporateOffice: 17th&18th Floors, InfinityBenchmark Plot G‐1, Block GP, Sector V, Salt Lake Kolkata– 700 091, India Boardline: +91‐33‐4017 0100 BranchOffice: 107,1st Floor, Raheja Arcade, Plot No. 61 Sector11,C.B.D.Belapur, Navi Mumbai – 400 614, Maharashtra,India. Boardline : +91‐22‐6781 6100 Fax :+91‐22‐27563057 Fax Website :+91‐33‐40170101 : www.icraonline.com www.mutualfundindia.com It is hereby placed that under Section 169 (4) of the Companies Act, 2013, the Director being sought to be removed has a right to make a representation to the Members in the mannerstatedtherein. OtherthanMr.NareshTakkar,noneoftheotherDirectorsorKeyManagerialPersonnel of the Companyor their respective relativesare interested inthe itemofthisNotice. By Orderofthe Boardof Directors ForICRAOnlineLimited sd/- (EshaChakraborty) Company Secretary&Compliance Officer Place:Kolkata Date:September11,2019 RegisteredOffice: InfinityBenchmark,17thFloor, Plot-G1, Block- GP, Sector-V, SaltLake, Kolkata-700 091

4. CorporateOffice: 17th&18th Floors, InfinityBenchmark Plot G‐1, Block GP, Sector V, Salt Lake Kolkata– 700 091, India Boardline: +91‐33‐4017 0100 BranchOffice: 107,1st Floor, Raheja Arcade, Plot No. 61 Sector11,C.B.D.Belapur, Navi Mumbai – 400 614, Maharashtra,India. Boardline : +91‐22‐6781 6100 Fax :+91‐22‐27563057 Fax Website :+91‐33‐40170101 : www.icraonline.com www.mutualfundindia.com FORMNO.MGT-11 PROXYFORM [Pursuant tosection105(6) of theCompanies Act, 2013andrule 19(3)of theCompanies (ManagementandAdministration)Rules,2014] CIN:U72900WB1999PLC109180 NameoftheCompany: RegisteredOffice: ICRAONLINELIMITED InfinityBenchmark,17thFloor,Plot-G1,Block-GP,Sector- V,SaltLake,Kolkata-700091 NameoftheMember(s): Registeredaddress: E-mailId: FolioNo/ClientId: I/We,beingtheMember(s)of………….Equitysharesoftheabovenamedcompany,hereby appoint 1. Name:……………………………………………. Address: E-mailId: Signature:………………………………………… or failing him/her 2.Name:…………………………………………….. Address: E-mailId: Signature:………………………………………….., orfailinghim/her 3.Name:………………………………………………. Address: E-mail Id: Signature:…………………………..………………. as my/our proxy to attend and vote (on a poll) for me/us and on my/our behalf at the 20th Annual General Meeting of the Company, to be held on Friday, September 20, 2019 at 2.30 P.M. at Infinity Benchmark, 17th Floor, Plot-G1, Block-GP, Sector-V, SaltLake,Kolkata-700 091andat anyadjournmentthereofinrespect ofsuch resolutions,as are indicated below:

5. CorporateOffice: 17th&18th Floors, InfinityBenchmark Plot G‐1, Block GP, Sector V, Salt Lake Kolkata– 700 091, India Boardline: +91‐33‐4017 0100 BranchOffice: 107,1st Floor, Raheja Arcade, Plot No. 61 Sector11,C.B.D.Belapur, Navi Mumbai – 400 614, Maharashtra,India. Boardline : +91‐22‐6781 6100 Fax :+91‐22‐27563057 Fax Website :+91‐33‐40170101 : www.icraonline.com www.mutualfundindia.com Affix Revenue Stamp Signedthis………..dayof…………,2019 Signature of Shareholder(s) SignatureofProxy holder(s) Notes: This form of proxy in order to be effective should be duly completed and deposited at the RegisteredOfficeoftheCompany,notlessthan48hoursbeforethecommencementof theMeeting. For the resolutions, Explanatory Statement and Notes, please refer to the Notice of the TwentiethAnnualGeneral Meeting. ****