CREDITACCESS GRAMEEN LIMITED has informed the Exchange regarding Cessation of Mr M J Mahadev Prakash as Company Secretary & Compliance Officer of the company w.e.f. August 09, 2025.
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Mr. M.J. Mahadev Prakash has resigned as Company Secretary & Chief Compliance Officer of CreditAccess Grameen Limited, with his resignation effective from close of business hours on August 9, 2025 (he had submitted his resignation letter on August 7, 2025). The Board of Directors has approved the appointment of Ms. Deepti Ramani as the new Company Secretary & Compliance Officer, effective August 10, 2025. Ms. Deepti Ramani is currently working with the company as Assistant General Manager – Compliance & Legal and has over 11 years of experience in corporate governance, regulatory compliance, and secretarial functions, including prior stints at Equitas Holdings and Tamilnadu Petroproducts. The Board meeting was held on August 9, 2025 and concluded within 35 minutes. The reason for the outgoing CS's resignation has not been disclosed in detail and is stated as per his resignation letter.
This is a routine Key Managerial Personnel transition at the compliance level with an immediate, well-qualified internal replacement, suggesting no governance red flags. Shareholders are unlikely to see any material impact on operations or stock price from this change.