Spandana Sphoorty Financial Ltd

In a regulatory filing, the company stated that Anand stepped down due to personal reasons. Following his resignation, and based on the recommendations of the nomination & remuneration committee and the risk management committee, the board has approved the appointment of G. Parthasarathy as the new chief risk officer (CRO) for a three-year term, effective from 16 October 2025 to 15 October 2028. The appointment is in line with the Reserve Bank of India's Master Direction for Non-Banking Financial Company ' Scale Based Regulation, 2023. Parthasarathy brings over 26 years of experience in financial services, with expertise across risk management, internal audit, legal, credit and policy, collections, operations, and sales. Prior to this, he served as CRO at Belstar Microfinance, where he led nationwide functions across risk, legal, internal audit, and compliance, managing a team of over 300 professionals. He has previously held leadership roles at Madura Microfinance, BEBB India, Muthoot Fincorp, HDFC Bank, and GE Money, contributing to the development of risk frameworks in collaboration with global consultancies like KPMG. Parthasarathy holds degrees in Law (LL.B.), Marketing (MBA), and Mathematics (B.Sc.), and is pursuing a Financial Risk Manager (FRM) certification. He also holds certifications in Six Sigma (White Belt) and IRDA, and has received multiple awards and scholarships for his contributions to the financial services sector. The company clarified that G. Parthasarathy is not related to any director on the board of the company. Spandana Sphoorty Financial is primarily engaged in the business of microfinance, providing small-value unsecured loans to low-income customers in semi-urban and rural areas. The company's consolidated net profit jumped 44.6% to Rs 202.48 crore on 13.3% rise in revenue from operations to Rs 2,098.97 crore in Q1 FY26 over Q1 FY25. Powered by Capital Market - Live

Spandana Sphoorty Financial will hold a meeting of the Board of Directors of the Company on 13 October 2025.Powered by Capital Market - Live

In an exchange filing, the company stated that Periasamy has stepped down to pursue other career opportunities. Following his resignation, and based on the recommendation of the nomination and remuneration committee, the board has approved the appointment of Vijay Mohan Reddy as the new chief compliance officer. His appointment is effective from 18 September 2025, for a period of three years, ending on 17 September 2028. The appointment has been made in accordance with the Reserve Bank of India's guidelines under the Scale Based Regulation (SBR) framework issued on 22 October 2021, and subsequent RBI notification on compliance functions dated 11 April 2022. Reddy holds a Master's degree in Law and is a Fellow Member of the Institute of Company Secretaries of India. He brings over 18 years of experience in legal, secretarial, and compliance functions across leading NBFCs and microfinance institutions, including Bharat Financial Inclusion (formerly SKS Microfinance), TruCap Finance, and Spandana Sphoorty itself. He has played a key role in regulatory compliance and capital market activities such as IPO preparation, QIP issuance, and listing of debt securities. His experience also includes implementing regulatory frameworks under SEBI, RBI, Companies Act, FEMA, and managing interactions with regulators. The company confirmed that Reddy is not related to any director on the board. Spandana Sphoorty Financial is primarily engaged in the business of microfinance, providing small-value unsecured loans to low-income customers in semi-urban and rural areas. The company's consolidated net profit jumped 44.6% to Rs 202.48 crore on 13.3% rise in revenue from operations to Rs 2,098.97 crore in Q1 FY26 over Q1 FY25. Powered by Capital Market - Live

Spandana Sphoorty Financial announced that the 22th Annual General Meeting(AGM) of the company will be held on 16 September 2025.Powered by Capital Market - Live

Net loss of Spandana Sphoorty Financial reported to Rs 360.23 crore in the quarter ended June 2025 as against net profit of Rs 55.71 crore during the previous quarter ended June 2024. Sales declined 57.68% to Rs 300.46 crore in the quarter ended June 2025 as against Rs 709.89 crore during the previous quarter ended June 2024. ParticularsQuarter EndedJun. 2025Jun. 2024% Var. Sales300.46709.89 -58 OPM %-108.6943.91 - PBDT-476.6579.46 PL PBT-480.8975.05 PL NP-360.2355.71 PL Powered by Capital Market - Live

Spandana Sphoorty Financial will hold a meeting of the Board of Directors of the Company on 14 August 2025.Powered by Capital Market - Live

Spandana Sphoorty Financial has fixed 24 July 2025 as record date for rights issue. Powered by Capital Market - Live

Spandana Sphoorty Financial will hold a meeting of the Board of Directors of the Company on 18 July 2025.Powered by Capital Market - Live

The Board of Spandana Sphoorty Financial at its meeting held on 15 July 2025 has approved the issuance of partly paid-up equity shares of the Company of face value of Rs 10/- each for an amount not exceeding Rs 400 crore by way of a rights issue to the eligible equity share. Powered by Capital Market - Live

Spandana Sphoorty Financial will hold a meeting of the Board of Directors of the Company on 15 July 2025.Powered by Capital Market - Live