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.
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Awaiting price reaction for this filing.
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.
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.