CreditAccess Grameen Limited has settled a penalty imposed by the BSE Limited due to a delay in appointing a Non-Executive Chairperson. The company paid a fine of ₹1,35,000 plus applicable taxes. The delay occurred between October 1, 2025, and October 27, 2025, following the completion of the previous Chairperson’s tenure. The new Chairperson was appointed effective October 28, 2025. The company confirmed full compliance and commitment to corporate governance standards.
Regulatory Disclosure on Penalty Settlement
CreditAccess Grameen Limited has formally disclosed the settlement of a penalty levied by the BSE Limited concerning a delay in regulatory compliance. The company received communication on February 27, 2026, directing payment of a fine amounting to Rs. 1,35,000/- plus applicable taxes.
Details of Non-Compliance
The infraction related to the delayed fulfillment of requirements under Regulation 17(1) of the applicable listing regulations. Specifically, this involved the appointment of a Non-Executive Chairperson of the Board. The tenure of the erstwhile Chairperson concluded on September 08, 2025, creating a compliance gap between October 01, 2025, and October 27, 2025. The company successfully appointed the new Non-Executive Chairperson effective October 28, 2025.
Payment and Due Dates
- The stipulated due date for the payment of the fine was On or before March 14, 2026.
- The company confirmed that the payment has already been made to the BSE Limited.
- The disclosure affirms that there is Nil impact on the company’s financial, operational, or other activities in monetary terms due to this matter.
Commitment to Governance
CreditAccess Grameen Limited stated that it is currently fully compliant with the specified regulations and remains committed to upholding the highest standards of corporate governance in both letter and spirit.
Source: BSE
