CREDITACCESS GRAMEEN LIMITED has informed the Exchange regarding Cessation of Mr George Joseph as Chairman & lead Independent Director of the company w.e.f. September 08, 2025.

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Price reactionminutes from the announcement price · days from the prior close

-2.1%Reaction day

₹1340.00

prior close

₹1333.50

announcement price

In-mkt

timing

Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)+0.3%-2.4% vs market

Finance peers, median of 382sector · industry level+0.0%-2.1% vs sector

On the reaction day the stock moved 2.4 pts less than Nifty Smallcap 250 and 2.1 pts less than its Finance peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Reaction day

-2.1+0.3-2.4+0.0-2.1

Next day

-3.2+0.9-4.2+0.2-3.4

-3.3+0.9-4.3+0.2-3.6

-3.4+1.2-4.6+0.2-3.6

-1.3+1.9-3.2+0.5-1.9

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+3.6+3.2+0.4+1.2+2.4

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+0.4-1.4+1.9-1.2+1.6

+3.0+0.4+2.6-1.2+4.2

+5.5+0.5+5.0-2.9+8.5

-4.9-3.8-1.1-6.2+1.2

UpDownMarket · Nifty Smallcap 250Sector · Finance peers, median of 382Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

CreditAccess Grameen Limited has informed the stock exchange about the cessation of Mr George Joseph from the position of Chairman and Lead Independent Director of the company, effective September 8, 2025. No specific reason for the cessation has been disclosed in this announcement. Mr Joseph served as the Lead Independent Director, a key non-executive oversight role on the board. CreditAccess Grameen is one of India's leading microfinance institutions focused on rural women borrowers. The company will need to fill this important board position in due course.

Likely market impact

The exit of the Lead Independent Director and Chairman represents a notable change in board leadership. Shareholders should watch for announcements on succession, as a strong independent oversight is important for governance, though no adverse reasons have been indicated in this filing.