CREDITACCESS GRAMEEN LIMITED has informed the Exchange about Action(s) taken or orders passed
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CreditAccess Grameen Limited received a fine of Rs. 1,35,000 (plus applicable taxes) from BSE Limited on February 27, 2026 for delayed compliance with SEBI Listing Regulation 17(1). The delay was in appointing a Non-Executive Chairperson of the Board for the period October 01, 2025 to October 27, 2025, as the previous Chairperson's tenure ended on September 08, 2025 and no Board meeting was held in the interim. The company has since appointed a new Non-Executive Chairperson effective October 28, 2025. The fine amount has already been paid by the company and the due date for payment was March 14, 2026. The company has confirmed there is no financial or operational impact from this matter and that it is now fully compliant.
This is a minor procedural compliance penalty with negligible financial impact on the company. Shareholders should note the company has already remedied the governance gap and the issue is closed with no effect on operations or earnings.