CreditAccess Grameen Allots 14,575 ESOP Shares, 11,050 to MD & CEO

Key Takeaways

• CreditAccess Grameen allotted 14,575 equity shares of ₹10 each to seven employees on October 20, 2026.
• Managing Director and CEO Ganesh Narayanan received 11,050 shares, accounting for about 76% of the latest allotment.
• The shares were issued following the exercise of options under the CAGL Employees Stock Option Plan 2011.

CreditAccess Grameen Limited has allotted 14,575 equity shares to seven employees following the exercise of stock options under its employee stock option plan.

The company's Executive, Borrowings and Investment Committee approved the allotment on October 20, 2026. Each equity share carries a face value of ₹10. CreditAccess Grameen disclosed the allotment to the stock exchanges on October 21 under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations. 

CEO Ganesh Narayanan Receives 11,050 Shares

Of the 14,575 shares allotted, 11,050 were issued to Ganesh Narayanan, Managing Director and Chief Executive Officer of CreditAccess Grameen. That represents about 76% of the shares covered by the latest ESOP allotment. 

The remaining shares were allotted among the other employees covered by the exercise.

The company said the shares were issued after employees exercised options granted under the CAGL Employees Stock Option Plan 2011. The October filing does not specify the exercise prices applicable to the individual options exercised in this allotment.

New Shares to Rank Equally With Existing Equity

CreditAccess Grameen stated that the newly allotted ESOP shares will rank pari passu with its existing equity shares in all respects. In practical terms, the new shares will carry the same rights as the company's existing equity shares once issued and credited in accordance with the applicable process. 

The ESOP 2011 remains an active employee share-based compensation scheme. CreditAccess Grameen's FY26 disclosures showed that the plan was administered by its Nomination and Remuneration Committee and that employees continued to exercise options during the year.

The October allotment is an equity issuance arising from exercised employee options rather than a fresh stock-option grant. CreditAccess Grameen has made similar periodic allotments under the same plan as employees exercise vested options.

The latest disclosure did not provide the amount realised from this specific exercise or the company's revised paid-up equity capital following the allotment.