Spandana Sphoorty Financial Ltd to Transfer Stressed Loan Portfolio to Asset Reconstruction Company for ¥34.55 Crore

Spandana Sphoorty Financial Ltd has approved the transfer of its stressed loan portfolio, including written off loans, to an Asset Reconstruction Company (ARC). The company received a binding bid of ¥34.55 Crore from an ARC for the portfolio with an outstanding balance of ¥493.55 Crore as of October 31, 2025. The company will follow the Swiss Challenge Method for bidding, with the decision to be made as per the guidelines governing this method and the company's relevant policy. The Management Committee of the Board of Directors approved this decision at a meeting held on December 24, 2025.