CREDITACCESS GRAMEEN LIMITED has informed the Exchange regarding Board meeting held on August 09, 2025.
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CreditAccess Grameen Limited's Board of Directors met on August 9, 2025 and noted the resignation of Mr. M. J. Mahadev Prakash as Company Secretary & Chief Compliance Officer (a Key Managerial Personnel), effective close of business hours on August 9, 2025. The Board simultaneously approved the appointment of Ms. Deepti Ramani as the new Company Secretary & Compliance Officer, effective August 10, 2025. Ms. Ramani brings over 11 years of experience in corporate governance and compliance, with prior stints at Equitas Holdings and Tamilnadu Petroproducts, and had already been serving the company as Assistant General Manager – Compliance & Legal. The resignation letter from Mr. Prakash does not state a specific reason beyond personal/professional grounds. Managing Director & CEO Ganesh Narayanan continues in his role.
This is a routine KMP-level transition at the compliance function with an immediate replacement, so operational continuity is maintained. Shareholders should note no change at the CEO or Board level, and the stock price is unlikely to be materially impacted.