CreditAccess Grameen Limited confirmed receiving a communication from the National Stock Exchange (NSE) imposing a penalty of ₹2,45,000 (excluding taxes). This fine was levied for a delay in the required appointment of a Non-Executive Chairperson of the Board. The company has already settled the full amount and confirmed compliance with the directives issued on February 16, 2026.
Disclosure on Regulatory Fine Settlement
CreditAccess Grameen Limited issued a formal announcement on February 17, 2026, regarding compliance requirements under the Listing Regulations. The primary disclosure concerned a financial penalty imposed by the National Stock Exchange of India Limited (NSE).
Details of the Penalty Imposition
The NSE communicated a direction on February 16, 2026, mandating the imposition of a fine amounting to Rs. 2,45,000/- excluding taxes. The reason cited for this financial imposition was the delayed compliance concerning Regulation 17(1) of the SEBI Listing Regulations.
Reason for Non-Compliance
The delay specifically related to the mandatory appointment of a Non-Executive Chairperson of the Board. This timing issue arose following the completion of the tenure of the previous Chairperson on September 08, 2025. The compliance window spanned between September 09, 2025, and October 27, 2025.
Payment and Compliance Status
The company specified that the due date for payment was on or before February 26, 2026. CreditAccess Grameen Limited confirmed that it has made the payment of the fine to the NSE and has communicated this action accordingly. The entity further affirmed its commitment to adhering to the highest standards of corporate governance.
Summary of Regulatory Action (Annexure II)
The official record details that the action taken by the regulatory body was the imposition of the fine. There was no quantifiable impact on the company’s financial, operational, or other activities in monetary terms resulting from this delay, as the matter has been fully rectified.
Source: BSE
