CREDITACCESS GRAMEEN LIMITED has informed the Exchange regarding Notice of Annual General Meeting to be held on July 30, 2025
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CreditAccess Grameen has issued the notice for its 34th AGM, scheduled for Wednesday, July 30, 2025 at 3:00 PM (IST) via video conferencing. The AGM will cover adoption of FY25 audited financial statements, reappointment of Mr. Paolo Brichetti (Non-Executive Director) by rotation, and reappointment of Ms. Lilian Jessie Paul as Independent Director for a second 5-year term (September 16, 2025 to September 15, 2030). A key agenda item is the appointment of Mr. Ganesh Narayanan as Director and Managing Director & CEO for 5 years, subject to RBI approval, with a fixed pay of ₹325 Lakh, performance bonus up to 35% of fixed CTC, and ESOPs with vesting gains up to 125% of fixed CTC. The notice also seeks approval to appoint Mr. Udaya Kumar Hebbar (current MD) as Non-Executive Director (Nominee) and M/s. S. Sandeep & Associates as Secretarial Auditors for FY2025-26 to FY2029-30. E-voting will be open from July 25, 2025 (9:00 AM) to July 29, 2025 (5:00 PM), with the cut-off date being July 23, 2025.
Shareholders should note the proposed leadership transition from Udaya Kumar Hebbar (current MD) to Ganesh Narayanan (currently CEO) as MD & CEO, pending RBI clearance. The CEO remuneration structure and key board changes could be closely watched by investors, though the transition appears to be an internal elevation rather than an external hire.