Credit Access Grameen Limited, a prominent player in the microfinance sector, has announced a significant change in its leadership team. The company has disclosed the resignation of M. J. Mahadev Prakash from his position as Company Secretary & Chief Compliance Officer, effective August 09, 2025. Simultaneously, the company has appointed Deepti Ramani as the new Company Secretary & Compliance Officer, with her tenure commencing on August 10, 2025.

Leadership Transition Details

The decision regarding this leadership transition was made during a board meeting held on August 09, 2025. According to the company's filing with the stock exchanges:

• M. J. Mahadev Prakash (ICSI Membership No. A16350) will step down from his role at the close of business hours on August 09, 2025.
• Deepti Ramani (ICSI Membership No. A35488) will assume her new position effective August 10, 2025.

New Appointment: Deepti Ramani

Deepti Ramani brings a wealth of experience to her new role at CreditAccess Grameen. With over 11 years of expertise in corporate governance and regulatory compliance, she has a strong background in the financial services and manufacturing sectors.

Key highlights of Ramani's professional background include:

• Experience in managing critical transactions such as IPOs and QIPs
• Previous key roles at Equitas Holdings Limited and Tamilnadu Petroproducts Limited
• Expertise in board and shareholder meetings, regulatory filings, stakeholder communications, policy formulation, and audit handling
• Known for her process-driven approach and commitment to compliance excellence

Implications for CreditAccess Grameen

This leadership change in the crucial role of Company Secretary & Compliance Officer is significant for CreditAccess Grameen. Ramani's appointment as a Key Managerial Personnel aligns with the applicable provisions of the Companies Act, 2013 and the SEBI Listing Regulations.

The company's Managing Director & Chief Executive Officer, Ganesh Narayanan, signed off on the regulatory filing, underlining the importance of this transition in the company's governance structure.

As CreditAccess Grameen continues to navigate the dynamic microfinance landscape, this change in leadership for a key compliance role may signal the company's commitment to maintaining robust corporate governance practices and ensuring regulatory adherence in its operations.

CreditAccess Grameen Limited , a prominent player in the microfinance sector, has received crucial approvals from the Reserve Bank of India (RBI) for significant changes in its top leadership. The company announced that the central bank has given its nod for the appointment of Ganesh Narayanan as Managing Director & CEO and Udaya Kumar Hebbar as Non-Executive (Nominee) Director, both effective from August 05, 2025.

New Leadership at the Helm

Ganesh Narayanan, who brings over 26 years of experience in banking and finance, has been appointed as the Managing Director & CEO for a five-year term. Narayanan's journey with CreditAccess Grameen began in 2020 when he joined as the Chief Business Officer. His rapid ascent within the organization saw him elevated to CEO in August 2023, culminating in this RBI-approved appointment.

Prior to joining CreditAccess Grameen, Narayanan held leadership positions at prominent financial institutions including ICICI Bank, Fullerton India Credit Company (now SMFG), and Yes Bank. His extensive experience spans various business segments, including Microbanking, MSME, Retail, Rural & Financial Institution relationships across India.

Transition to Non-Executive Role

Udaya Kumar Hebbar, a veteran in the banking sector with over 35 years of experience, transitions to the role of Non-Executive (Nominee) Director. Hebbar's expertise lies primarily in operations across rural, agricultural, and micro-banking sectors. His significant contributions to the microfinance industry are highlighted by his two terms as the Chairperson of the Microfinance Institutions Network (MFIN).

Before his association with CreditAccess Grameen, Hebbar held various roles at Barclays Bank PLC, Corporation Bank, and ICICI Bank. His academic credentials include a bachelor's and master's degree in commerce, complemented by his certification as an Associate of the Indian Institute of Bankers (CAIIB).

Corporate Governance and Regulatory Compliance

The appointments of both Narayanan and Hebbar were initially approved by CreditAccess Grameen's Board of Directors and subsequently ratified by shareholders at the Annual General Meeting held on July 30, 2025. The company's commitment to regulatory compliance is evident in its prompt disclosure to the stock exchanges, adhering to the Securities and Exchange Board of India (SEBI) Listing Regulations.

M. J. Mahadev Prakash, Company Secretary & Chief Compliance Officer of CreditAccess Grameen, confirmed that neither Narayanan nor Hebbar is debarred from holding the office of Director in a listed company, as per SEBI regulations.

These strategic appointments come at a crucial time for CreditAccess Grameen as it looks to strengthen its position in the competitive microfinance landscape. The blend of Narayanan's diverse banking experience and Hebbar's deep industry knowledge is expected to guide the company through its next phase of growth and development in the microfinance sector.