CREDITACCESS GRAMEEN LIMITED — Important, 16-12-2024: Updates

CreditAccess Grameen Limited has provided an update regarding an income tax demand of ₹46.03 Crore for the assessment year 2022-23. Following an appeal filed by the company, the Assistant Commissioner of Income Tax has granted a stay on the demand order that was issued earlier in March 2024. This development may provide some relief to the company in terms of financial liabilities related to the tax demand. Investors should monitor this situation closely, as the outcome of the appeal could significantly impact the company's financial stability and future planning.