Spandana Sphoorty Financial Ltd announced the demise of its Chairperson and Independent Director, Ms. Abanti Mitra, on July 13, 2026. The company disclosed this information to the stock exchanges on July 14, 2026, under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The sudden passing of the Chairperson marks a significant leadership change for the microfinance institution.

Ms. Mitra had been associated with Spandana Sphoorty Financial since 2012. She was first appointed as a Director for the period from November 20, 2012, to November 01, 2016. Subsequently, she served as an Independent Director since May 4, 2017, and assumed the role of Chairperson of the Board of Directors on November 22, 2021.

The company acknowledged Ms. Mitra's critical role during challenging phases, noting that her contributions provided strategic insights and industry best practices. The Board of Directors and employees conveyed their deep sympathy and condolences to her family, describing her loss as irreparable.

Details of Cessation

The following table details the cessation of Ms. Mitra's directorship as per the regulatory disclosure:

The filing was signed by Vinay Prakash Tripathi, Company Secretary, and submitted to BSE Limited and National Stock Exchange of India Limited.

Kedaara Capital Fund III LLP has confirmed that it, along with persons acting in concert, has not created any encumbrance on the securities of Spandana Sphoorty Financial Limited during the financial year ended March 31, 2026. This confirmation ensures that the shares held by the acquirer remain free from charges or liens, providing clarity to shareholders regarding the status of the holding structure.

The disclosure was submitted to BSE Limited and the National Stock Exchange of India Ltd. in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The regulation requires acquirers to disclose any encumbrance on target company securities to ensure transparency in the market.

Rishiraj Khajanchi, Authorised Signatory of Kedaara Capital Fund III LLP, signed the confirmation letter dated April 6, 2026. The letter explicitly states that no encumbrance has been made directly or indirectly, other than those already disclosed during the specified financial year.

The following table outlines the key details of the disclosure:

This filing serves as a formal declaration to the stock exchanges, ensuring that all material information regarding the holding of Spandana Sphoorty Financial Limited's securities is accurately reflected in the public domain.