Spandana Sphoorty Financial Ltd

Resolution details

• Special Resolution to appoint Neeraj Swaroop as Independent Director.
• Outcome: Approved by requisite majority via remote e-voting.
• Votes polled: 4,88,30,913; in favour 99.21%, against 0.79%.
• Abstentions: 232; 24 less votes not considered.
• Record date: 04-09-2026.

Conversion of partly paid-up rights shares to fully paid-up

• Conversion of 16,905,255 partly paid-up rights shares into fully paid-up shares approved.
• Conversion completed for call monies received through ASBA facility.
• Face value remains ₹10 per share; 50% paid-up prior to call.
• ISIN INE572J01011 applies to the converted shares.
• Capital Raising Committee approved the action on 29 September 2026.

Spandana Sphoorty Financial Ltd closes trading window from October 1, 2026 till the expiry of 48 hours post announcement of the unaudited financial results for the quarter and half year ended September 30, 2026.

Meeting Details

• Date and time: Monday, Sep 28, 2026, 10:00 a.m. onwards.
• Type: group, virtual investor conference.
• Organiser: Arihant Capital Conference.
• Purpose: intimation of investors' conference schedule.
• Participants: company officials (management) will attend.
• Availability: schedule information will be available on the company's website.

Item 1: Appointment of Independent Director

• Purpose: Postal ballot to approve Neeraj Swaroop as Independent Director.
• Type: Special Resolution under Companies Act and SEBI Listing Regulations.
• Term: Aug 14, 2026 to Aug 13, 2029; not liable to retire by rotation.
• Background: Former Non-Executive Nominee Director; 40+ years in financial services.
• Independence: Meets independence criteria under Section 149 and SEBI Listing Regulations.
• Remuneration: ₹30 lakhs per annum for non-executive directors.
• Cut-off date: Voting rights based on shares as on Sept 4, 2026.
• Voting period: Sep 14–Oct 13, 2026; results by Oct 15, 2026.
• Outcome: Results pending; to be declared after e-voting shows requisite majority.
• Board action: Board authorized to take necessary steps to implement resolution.

Key details

• Board decision Aug 5, 2026 to levy First and Final Call of ₹115 per partly paid-up share.
• Record date fixed as Aug 19, 2026 for determining eligible holders.
• First and Final Call payable between Sep 9 and Sep 23, 2026.
• Amount due: ₹115 per partly paid-up share (₹5 face value, ₹110 premium).
• Trading in partly paid-up shares suspended from Aug 19, 2026 until completion.
• Eligible shareholders paying will receive fully paid-up shares under ISIN INE572J01011 after regulatory actions.
• Interest at 10% per annum applies for late payment.
• Partial payment may lead to conversion of some shares; rest may be forfeited.
• Conversion to fully paid-up shares expected within two weeks after last payment.
• ISIN IN9572J01019 suspended; new ISIN INE572J01011 credited upon completion.

AGM details

• AGM held on Aug 18, 2026 at 11:30 IST via VC/OAVM.

Ordinary resolutions

• Adoption of Audited Standalone Financial Statements — Passed.
• Adoption of Audited Consolidated Financial Statements — Passed.
• Re-appointment of Sunish Sharma as Non-Executive Nominee Director — Passed.
• Re-appointment of Saakshi Gera as Non-Executive Nominee Director — Passed.

Special resolutions

• NCD issue on private placement approved; size up to ₹4,000 crore.
• Tenure and coupon to be determined by the Board.

Other material approvals

• Renewal of limit under section 42 approved for one year.

Directors

• Sunish Sharma re-appointed as Non-Executive Nominee Director (retiring by rotation).
• Saakshi Gera re-appointed as Non-Executive Nominee Director (retiring by rotation).