CreditAccess Grameen Limited has provided a clarification to the National Stock Exchange of India Limited regarding its financial results for the period ending September 30, 2025. The company explained that its standalone and consolidated financial figures are identical due to the nature of its wholly-owned subsidiary, CreditAccess India Foundation (CAIF). CAIF was incorporated under Section 8 of the Companies Act, 2013, solely for undertaking Corporate Social Responsibility (CSR) activities on behalf of CreditAccess Grameen. The subsidiary does not generate any revenue as it is involved only in charitable and social welfare activities. The operational and administrative expenses incurred by CAIF are fully funded by the parent company and are recognized as CSR expenditure in the standalone financial statements, in compliance with the Companies Act, 2013 and relevant accounting standards. Since CAIF has no revenue or operating income, and its expenses are already accounted for as CSR expenditure in both standalone and consolidated financial statements as per Section 135 of the Companies Act, 2013, there is no additional revenue or expense impact upon consolidation. Consequently, the revenue figures reported in the standalone and consolidated financial statements remain the same.
