CreditAccess Grameen approves resolutions at 35th AGM

CreditAccess Grameen Limited announced the voting results for its 35th Annual General Meeting (AGM) held on July 03, 2026, through video-conferencing. Shareholders approved all three ordinary resolutions, which included the adoption of annual financial statements, the reappointment of a director, and the appointment of a statutory auditor. The meeting saw participation from 76 members representing 10,65,97,886 shares, with a total of 141,862,466 votes polled across all resolutions.

Voting Results

The resolutions were passed with the requisite majority. The adoption of the Annual Financial Statements received 99.9997% approval, with 141,853,737 votes in favour and 489 against. The appointment of Mr. Massimo Vita (DIN: 07863194) as a director liable to retire by rotation was approved with 96.78% votes in favour, while the appointment of M/s Sundaram & Srinivasan, Chartered Accountants, as a joint statutory auditor received 97.64% approval.

Resolution	Votes In Favour	Votes Against	% In Favour
Adoption of Annual Financial Statements	141,853,737	489	99.9997%
Appointment of Mr. Massimo Vita	137,294,712	4,567,754	96.7802%
Appointment of M/s Sundaram & Srinivasan	138,513,427	3,349,039	97.6392%

Meeting Details

Mr. Rajiv Balakrishnan, Director of Beyond Compliance Corporate Services Private Limited, served as the Scrutinizer for the remote e-voting and voting process. The remote e-voting period was open from June 29, 2026, to July 02, 2026. Key managerial personnel, including Mr. Ganesh Narayanan, Managing Director and CEO, and Mr. Gururaj Rao, Chief Operating Officer, attended the meeting from Bangalore and other locations.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.94%	+1.50%	+10.71%	+8.97%	+12.01%	+115.77%

credit access grameen reported its highest ever first-quarter disbursements in Q1FY27, driven by strong business momentum and an expanded branch network. The microfinance lender achieved gross loan portfolio (GLP) growth of 16.4% year-on-year to ₹30,319 crore, while disbursements increased 11.9% to ₹6,107 crore. The company added 25 lakh borrowers during the quarter, expanding its total branch network by 7.7% to 2,276 branches as of June 2026.

Q1 FY27 Performance

The operational performance for the quarter ended June 2026 shows consistent growth across key metrics. The GLP rose from ₹26,055 crore in June 2025 to ₹30,319 crore in June 2026. The share of rural finance (RF) in the portfolio increased to 21% in June 2026, up from 7% in the same period last year.

Metric	Q1 FY26	Q4 FY26	Q1 FY27	YoY %
GLP (INR Cr)	26,055	29,590	30,319	16.4%
Disbursements (INR Cr)	5,458	8,313	6,107	11.9%
Borrower Additions (Lakh)	2.2	3.3	2.5	17.5%
Branch Network	2,114	2,236	2,276	7.7%

Asset Quality Improves

Asset quality metrics improved significantly in June 2026 compared to March 2026. The PAR 0+ ratio declined to 2.2% from 3.0%, while PAR 90+ improved to 1.5% from 2.3%. This improvement was consistent across top states including Karnataka, Maharashtra, and Tamil Nadu.

PAR Buckets	Mar-26	Jun-26
PAR 0+ %	3.0%	2.2%
PAR 30+ %	2.7%	1.9%
PAR 60+ %	2.5%	1.6%
PAR 90+ %	2.3%	1.5%

The monthly PAR 15+ accretion trended lower, reaching 0.16% in June 2026, down from 0.46% in June 2025. The collection efficiency for June 2026 stood at 99.68%.