Spandana Sphoorty Board Approves Amalgamation, Director Appointment

Spandana Sphoorty Financial Ltd's Board of Directors met on August 14, 2026. Key outcomes include the resignation of Mr. Neeraj Swaroop as Non-Executive Nominee Director and his subsequent appointment as an Additional Director in the capacity of Independent Director for a three-year term, subject to shareholder approval. The Board also approved the amalgamation of its wholly-owned subsidiary, Criss Financial Limited, with the company, subject to regulatory and NCLT approvals. The meeting commenced at 3:10 p.m. and concluded at 3:40 p.m.