NSEReply to Clarification- Financial results2d ago · 5 Aug 2026, 11:37 am
Reply to Clarification- Financial results
CREDITACCESS GRAMEEN LIMITED · CREDITACC
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CreditAccess Grameen Limited replied to a clarification from the National Stock Exchange regarding its financial results for the quarter ended June 30, 2026. The company clarified that its wholly owned subsidiary, CreditAccess India Foundation, does not generate any revenue and its expenses are recognized as Corporate Social Responsibility (CSR) expenditure. As a result, the revenue figures reported in the standalone and consolidated financial statements remain the same.
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Full Announcement
The Exchange had sought clarification from CREDITACCESS GRAMEEN LIMITED for the quarter ended 30-Jun-2026 with respect to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. On basis of above the Company was required to clarify the following: The response of the Company is enclosed.
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August 03, 2026
National Stock Exchange of India Limited
Exchange Plaza, C-1, Block G,
Bandra Kurla Complex, Bandra (East)
Mumbai - 400051
Symbol: CREDITACC
Sub.: Clarification in relation to query on Financial Results - Figures of Standalone and Consolidated
are same
Ref: Query relating to clarification for Financial results for June 30, 2026 - Figures of Standalone and
Consolidated are same, raised via mail dated July 31, 2026.
Dear Sir / Madam,
With reference to the captioned subject, we would like to clarify that the Company has a wholly owned
subsidiary viz., CreditAccess India Foundation (‘CAIF’ / ‘Subsidiary’) incorporated under the provisions of
Section 8 of the Companies Act, 2013, for undertaking CSR activities on behalf of the Company. The said
subsidiary has been established solely for carrying out charitable and social welfare activities and does not
undertake any commercial operations. Accordingly, the subsidiary does not generate any revenue.
Further, the operational and administrative expenses incurred for the activities of the Subsidiary are funded
entirely by the Company and are recognized as Corporate Social Responsibility (CSR) expenditure in the
Standalone Financial Statements, in compliance with the applicable provisions of the Companies Act, 2013
and relevant accounting standards.
Since:
• the subsidiary has no revenue or operating income, and
• the expenses relating to the subsidiary are already accounted for as CSR expenses in the Standalone
Financial Statements and consolidated Financial Statements as per section 135 of companies act
2013,
there is no additional revenue or expense impact arising on consolidation. Consequently, the revenue
figures reported in the Standalone Financial Statements and the Consolidated Financial Statements remain
the same.
We trust the above explanation adequately addresses your query.
In case you have any further query, please do let us know.
For CreditAccess Grameen Limited
Deepti Ramani
Company Secretary & Compliance Officer