Spandana Sphoorty Financial Ltd

Spandana Sphoorty Financial Ltd has announced the closure of its trading window for designated persons and their immediate relatives. This closure is effective from July 1, 2026, and will remain in effect until 48 hours after the announcement of the company's unaudited financial results for the quarter ended June 30, 2026. This measure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal code of conduct, aimed at preventing insider trading during the period leading up to the financial results disclosure.

Spandana Sphoorty Financial Limited's Board of Directors has approved the amalgamation of its subsidiary, Criss Financial Limited (CFL), through a merger by absorption. The merger, governed by Section 233 of the Companies Act, 2013, is subject to regulatory and shareholder approvals. CFL's revenue was INR 150.86 crores and net worth was INR 233.11 crores for the year ended March 31, 2026. Spandana Sphoorty reported revenue of INR 906.59 crores and net worth of INR 2,193.75 crores for the same period. The merger aims to reduce costs, create synergies in infrastructure, risk management, and technology, and diversify the product mix with secured lending from CFL. The transaction is considered a related party transaction but will be conducted on an arm's length basis, with valuation supported by independent reports.

Spandana Sphoorty Financial Ltd announced that Mr. Deepak Calian Vaidya has ceased to be an Independent Director effective June 5, 2026. This cessation is a consequence of the completion of his second term as an Independent Director on the company's Board. The company has provided the necessary disclosures as per SEBI LODR Regulations and the relevant SEBI Master Circular.

Spandana Sphoorty Financial Ltd has filed a Monitoring Agency report by CARE Ratings Limited for the quarter ended March 31, 2026, regarding the utilization of ₹400 crore raised through a rights issue of equity shares. The report indicates no deviations from the stated objectives of the issue. CARE Ratings Limited declares that the report provides an objective view based on information provided by the issuer and believed to be accurate and reliable, without performing an audit or independent verification.

Spandana Sphoorty Financial Ltd's Board of Directors approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The board also approved an aggregate limit not exceeding ₹4,000 crore for the issuance of Non-convertible Debentures on a private placement basis, subject to member approval. The meeting, which commenced at 01:30 p.m., concluded at 03:45 p.m.

Spandana Sphoorty Financial Ltd announced its Q4FY26 results, reporting a profit after tax (PAT) of ₹5 Cr, turning PAT positive after six quarters. Assets under management (AUM) grew by 12% QoQ to ₹4,420 Cr. Q4 disbursement increased by 30% QoQ to ₹1,539 Cr. The company's X-bucket Collection efficiency for March 2026 was 99.7%. Consolidated GNPA reduced to 3.78% in March 2026 from 4.24% in December 2025. The company had liquidity of ₹1,438 Cr and a CRAR of 35.9%.

Spandana Sphoorty Financial Ltd's board approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The board also approved an aggregate limit not exceeding ₹4,000 crore for the issuance of Non-convertible Debentures on a private placement basis, subject to member approval. The meeting commenced at 01:30 p.m. and concluded at 03:45 p.m.

Spandana Sphoorty Financial Ltd's Board of Directors is scheduled to meet on May 5, 2026. The key agenda items include considering and approving the audited standalone and consolidated financial results for the quarter and fiscal year ended March 31, 2026. Additionally, the board will discuss a proposal for raising funds through the issuance of non-convertible debentures (NCDs), subject to regulatory approvals. The trading window for the company's securities remains closed until May 7, 2026, in compliance with insider trading regulations.

Spandana Sphoorty Financial Ltd has approved and allotted 4,85,000 Listed, Rated, Senior, Secured, Redeemable, Non-Convertible Debentures (NCDs). Each debenture has a face value of ₹10,000, aggregating to a total of ₹4,85,00,00,000 (₹485 crore). This allotment was executed on a private placement basis, following a resolution by the Management Committee of the Board of Directors on April 28, 2026. This capital raise is intended to support the company's financial requirements and growth plans.

Spandana Sphoorty Financial Ltd's Management Committee approved the issuance of up to 5,00,000 Listed, Rated, Senior, Secured, Redeemable, Taxable, Non-Convertible Debentures (NCDs) with a face value of ₹10,000 each, including a green shoe option of 2,00,000 NCDs, on a private placement basis. The total issue size amounts to ₹500 crore, with the green shoe option being ₹200 crore. The NCDs will have a tenure of 729 days, with an allotment date of April 28, 2026, and maturity date of April 26, 2028. The coupon rate is 11.25% per annum, payable monthly. The NCDs are secured and will be listed on BSE Limited.