Credit Access Grameen has paid a regulatory fine of ₹1.10 lakh plus applicable taxes to BSE Limited for delayed compliance with chairperson appointment regulations. The company announced the payment on February 25, 2026, following receipt of BSE's communication dated February 24, 2026.

Regulatory Violation Details

The fine was imposed for delayed compliance with Regulation 17(1) of the SEBI Listing Regulations during the quarter ended September 30, 2025. The violation specifically related to the delay in appointing a Non-Executive Chairperson of the Board between September 09, 2025, and September 30, 2025.

Background of the Compliance Issue

The regulatory gap occurred due to the completion of the erstwhile Chairperson's tenure on September 08, 2025. The company was required to appoint a Non-Executive Chairperson immediately following this date to maintain compliance with SEBI Listing Regulations.

CreditAccess Grameen subsequently appointed a Non-Executive Chairperson with effect from October 28, 2025, addressing the regulatory requirement. The company noted that no Board Meeting was scheduled or held during the violation period.

Current Compliance Status

The company has confirmed that it is fully compliant with SEBI Listing Regulations as of the current date. In its announcement, CreditAccess Grameen emphasized its commitment to maintaining the highest standards of corporate governance both in letter and spirit.

The payment was made well before the March 06, 2026 deadline set by BSE, demonstrating the company's prompt response to regulatory directives. The disclosure was made pursuant to Regulation 30 of the SEBI Listing Regulations and the SEBI Master Circular dated January 30, 2026.

Credit Access Grameen Limited has allotted 11,675 equity shares under its Employee Stock Option Plan (ESOP) to 3 employees who exercised their stock options. The allotment was approved by the Executive, Borrowings and Investment Committee of the Board of Directors and communicated to stock exchanges on February 19, 2026.

ESOP Allotment Details

The company has provided specific details regarding the share allotment:

Share Rights and Status

The newly allotted ESOP shares will carry the same rights as existing equity shares of the company. These shares will rank pari-passu with the existing equity shares of CreditAccess Grameen Limited in all respects, ensuring equal treatment for all shareholders.

Regulatory Compliance

The company has fulfilled its disclosure obligations by informing both major stock exchanges about this development. The notification was sent to BSE Limited (Scrip code: 541770) and National Stock Exchange of India Limited (Scrip code: CREDITACC) in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The communication was signed by Deepti Ramani, Company Secretary & Compliance Officer, ensuring proper authorization and documentation of the corporate action.