Creditaccess Grameen Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 16/05/2025 ,inter alia, to consider and approve the Audited Financial ....
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CreditAccess Grameen has informed BSE and NSE about a Board Meeting scheduled for May 16, 2025. The Board will consider and approve the Audited Financial Results for the quarter and financial year ended March 31, 2025. Additionally, the Board will consider a proposal to raise funds through a Public Issue of Non-Convertible Debentures (NCDs) in the domestic market, in one or more tranches, up to a Shelf limit to be decided by the Board. The trading window for designated persons remains closed from April 1, 2025 until 48 hours after the financial results are declared.
This is a routine board meeting intimation ahead of Q4/FY25 results. Investors should watch for the actual numbers on May 16. The proposal to raise funds via NCDs indicates the company may be planning to expand its borrowing or refinance existing debt, which is common for NBFCs and may dilute or increase debt obligations depending on the size of the issue.