CREDITACCESS GRAMEEN LIMITED has informed the Exchange regarding Cessation of Mr. Udaya Kumar Hebbar as Managing Director of the company w.e.f. Jun 25, 2025.

Ceo ResignedKmp ResignedManagement Changes View source PDF Explain this filing

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

-1.5%Reaction day

₹1208.00

prior close

₹1190.00

announcement price

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Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)+0.3%-1.8% vs market

Finance peers, median of 376sector · industry level-0.0%-1.5% vs sector

On the reaction day the stock moved 1.8 pts less than Nifty Smallcap 250 and 1.5 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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Next day

+0.9+1.1-0.2+0.0+0.9

+0.3+2.0-1.6+0.0+0.3

+4.2+1.8+2.5-0.0+4.2

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+5.8+1.6+4.3-0.2+6.0

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+5.5-1.7+7.1-2.6+8.0

+12.1-4.1+16.2-4.5+16.6

+13.8-4.4+18.3-4.6+18.4

UpDownMarket · Nifty Smallcap 250Sector · Finance peers, median of 376Pending

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

AI summary

Mr. Udaya Kumar Hebbar has ceased to be the Managing Director of CreditAccess Grameen Limited effective from the close of business on June 25, 2025, upon completion of his term of office. The company had previously informed the exchanges on May 16, 2025, and June 18, 2025, indicating this was a planned leadership transition. The filing does not disclose any reason beyond term completion or name a successor.

Likely market impact

This is a pre-announced, planned departure rather than a sudden exit, so it should limit negative surprise for the stock. Investors should now focus on who replaces Mr. Hebbar, as the new Managing Director's appointment will be the next key event to watch.