Spandana Sphoorty Appoints Neeraj Swaroop as Independent Director

Spandana Sphoorty Financial Ltd announced the appointment of Mr. Neeraj Swaroop as an Additional Director in the capacity of Independent Director, effective August 14, 2026, for a term of three years, subject to shareholder approval. This follows his resignation as a Non-Executive Nominee Director. The company also approved the amalgamation of its wholly-owned subsidiary, Criss Financial Limited, with itself, aiming for cost synergies, revenue diversification, and simplified operations. Mr. Swaroop brings over 40 years of experience in FMCG and financial services.