CreditAccess Grameen Limited announced it has paid a fine of Rs. 1,10,000/- plus applicable taxes following a directive from the BSE Limited. The penalty stems from a delayed compliance regarding the appointment of a Non-Executive Chairperson after the previous tenure concluded on September 08, 2025. The necessary appointment was finalized effective October 28, 2025, and the company confirmed full compliance as of the announcement date.
Regulatory Penalty Settled
CreditAccess Grameen Limited disclosed that it has settled a financial penalty imposed by the BSE Limited. The fine amounted to Rs. 1,10,000/- (Rupees One Lakh Ten Thousand only) plus applicable taxes. This action was taken in response to a directive dated February 24, 2026, regarding the delay in adhering to the stipulated regulations concerning the composition of the Board.
Reason for the Fine
The core issue leading to the penalty was the delay in the appointment of a Non-Executive Chairperson. Specifically, the compliance requirement pertains to the period between September 09, 2025, and September 30, 2025. This lapse occurred due to the completion of the tenure of the former Chairperson on September 08, 2025.
Resolution and Compliance Status
The Company subsequently appointed a new Non-Executive Chairperson, effective from October 28, 2025. The required payment for the fine was completed, with a due date of on or before March 06, 2026. CreditAccess Grameen confirmed that the breach is now rectified and stated its ongoing commitment to the highest standards of corporate governance.
Impact Assessment
The detailed disclosure indicates that the delay or default in payment, as well as the underlying operational violation, had Nil impact on the financial, operational, or other activities of the listed entity in quantifiable monetary terms.
Source: BSE
