CreditAccess Grameen has informed that the Board of Directors have approved the payment of proportionate commission (INR 1.06 Million) to Anal Jain and R. Prabha, who had resigned / retired as Independent Directors of the Company during FY2021, effective June 25, 2020 and November 3, 2020, respectively. The criteria adopted for payment of the said proportionate commission is the same as that adopted for payment to existing Independent Directors. With this, the total commission paid to all Independent Directors for FY2021 is INR 4.65 Million as against INR 3.59 Million mentioned in the Annual Report of the Company for FY21. Further, the total commission paid to all Independent Directors for FY21 is within the overall limits approved by the shareholders at the Annual General Meeting held on August 11, 2020.
The above information is a part of company’s filings submitted to BSE.
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