CreditAccess Grameen’s Board of Directors has appointed Mr. Manoj Kumar as Chairman, effective immediately. In a meeting held on October 28, 2025, the board also reviewed and approved the unaudited financial results for Q2 2026. Additionally, M/s. Sundaram & Srinivasan were appointed as joint statutory auditors, subject to shareholder approval, commencing in fiscal year 2026-27.
Leadership Changes at the Board
Mr. Manoj Kumar has been elected as the Chairman of the Board, effective immediately. Ms. Jessie Paul has been appointed as Chairperson of the Nomination & Remuneration Committee.
Financial Results for Q2 2026
The Board of Directors reviewed and approved the unaudited financial results (standalone and consolidated) for the quarter and half-year ended September 30, 2025 (Q2 2026).
Auditor Appointment
M/s. Sundaram & Srinivasan, Chartered Accountants, have been appointed as one of the Joint Statutory Auditors of the Company, subject to the approval of shareholders. The appointment is for a term of 3 years, commencing from the financial year 2026-27. This appointment replaces M/s Varma & Varma, whose tenure concludes at the end of the Annual General Meeting in 2026.
Financial Performance Overview (Consolidated)
Key financial highlights from the unaudited consolidated results for the half-year ended September 30, 2025:
- Profit before tax stood at ₹250.28 crore.
- Total income for the half-year was ₹2,972.65 crore.
- Total expenses amounted to ₹2,722.37 crore.
Key Financial Ratios
- Debt-Equity Ratio: 2.82
- Gross Stage III (%): 3.65%
- Net Stage III (%): 1.26%
- Capital to Risk-Weighted Assets Ratio (CRAR) % – Total: 26.06%
- Liquidity coverage ratio (LCR) for the quarter ended September 30, 2025: 160.64%
Source: BSE