CreditAccess Grameen adopts financial statements at 35th AGM
CreditAccess Grameen Limited successfully conducted its 35th AGM on July 03, 2026, adopting the Annual Financial Statements and appointing M/s Sundaram & Srinivasan as a Joint Statutory Auditor. The meeting, attended by 76 members holding 10,65,97,886 shares, also saw the appointment of Mr. Massimo Vita as a Director liable to retire by rotation.
*this image is generated using AI for illustrative purposes only.
CreditAccess Grameen Limited held its 35th Annual General Meeting (AGM) on July 03, 2026, through video-conferencing to transact ordinary business including the adoption of financial statements and the appointment of key statutory auditors. A total of 76 members representing 10,65,97,886 shares participated in the proceedings, which commenced at 3:00 P.M. (IST). The meeting was conducted in compliance with the Ministry of Corporate Affairs and Securities and Exchange Board of India (SEBI) circulars.
Key Resolutions Passed
The shareholders transacted three ordinary businesses during the meeting as outlined in the notice dated May 08, 2026. The resolutions included the adoption of the Annual Financial Statements for the previous financial year and the appointment of a director liable to retire by rotation.
| Sr. No. | Description of Resolution | Type of Resolution |
|---|---|---|
| 1 | Adoption of Annual Financial Statements | Ordinary Resolution |
| 2 | Appointment of Mr. Massimo Vita (DIN: 07863194) as a Director who is liable to retire by rotation | Ordinary Resolution |
| 3 | Appointment of M/s Sundaram & Srinivasan, Chartered Accountants as one of the Joint Statutory Auditors of the Company | Ordinary Resolution |
Attendance and Leadership
Mr. Paolo Brichetti, Vice-Chairman & Non-Executive Director, was unanimously elected to chair the meeting in the absence of the Chairman of the Board. The Board of Directors and Key Managerial Personnel were present from various locations, including Bangalore, Italy, Pune, and Miami.
| Name | Designation | Location |
|---|---|---|
| Mr. Paolo Brichetti | Vice – Chairman & Non-Executive Director | Italy |
| Ms. Lilian Jessie Paul | Independent Director & Chairperson of SRCSC and NRC | Bangalore |
| Ms. Rekha Warriar | Independent Director & Chairperson of Audit Committee | Pune |
| Mr. Massimo Vita | Non-Executive Director | Miami |
| Mr. Udaya Kumar Hebbar | Non-Executive Director | Bangalore |
| Mr. Ganesh Narayanan | Managing Director and CEO | Bangalore |
| Mr. Gururaj Rao | Chief Operating Officer | Bangalore |
| Mr. Nilesh Dalvi | Chief Financial Officer | Bangalore |
| Ms. Deepti Ramani | Company Secretary & Compliance Officer | Bangalore |
Statutory Auditors and Scrutinizers
Representatives from M/s. Varma & Varma and M/s. Walker Chandiok & Co LLP, the Joint Statutory Auditors, were present. Mr. Rajiv Balakrishnan, Director of Beyond Compliance Corporate Services Private Limited, served as the Scrutinizer for the remote e-voting and voting process at the AGM. The voting results will be submitted to the stock exchanges within two working days from the conclusion of the AGM.
Historical Stock Returns for Credit Access Grameen
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.91% | +6.50% | +18.40% | +20.94% | +22.80% | +116.17% |
What strategic priorities did the management outline for the upcoming fiscal year during the AGM?
How will the appointment of Mr. Massimo Vita as a director influence the company's governance and future direction?
What are the expected market impacts of the adoption of the Annual Financial Statements on CreditAccess Grameen's stock performance?
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