Spandana Sphoorty Financial to attend JM Financial forum on June 24

0 min read Updated on 19 Jun 2026, 01:22 AM

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Jubin VScanX News Team

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Spandana Sphoorty Financial Ltd management will participate in the JM Financial India Finance Forum on June 24, 2026, in Mumbai. The meetings will cover performance and outlook based on publicly available information without sharing UPSI.

*this image is generated using AI for illustrative purposes only.

Spandana Sphoorty Financial Ltd will attend the JM Financial India Finance Forum on June 24, 2026, in Mumbai. The management will participate in one-on-one and group meetings starting at 09:00 am IST to discuss the company's performance and outlook based on publicly available information. No unpublished price sensitive information (UPSI) is intended to be shared during the interaction.

The event is organized by JM Financial as part of its investor conference series. The schedule is subject to change due to exigencies on the part of the host or the company. The disclosure was made to the stock exchanges pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Date	Time	Type of meeting	Place of meeting	Organised by
Wednesday, June 24, 2026	09:00 am onwards	One on One/Group meeting	Mumbai	JM Financial India Finance Forum

The information regarding the conference will also be available on the company's website. Spandana Sphoorty Financial Limited is a non-banking financial company registered with the Corporate Identification Number L65929TG2003PLC040648.

Historical Stock Returns for Spandana Sphoorty Financial

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.16%	+9.82%	-1.82%	-6.25%	+1.57%	-60.94%

What strategic initiatives is Spandana Sphoorty Financial likely to highlight during the forum to drive future growth?

How might the company's outlook differ from current market expectations, and what factors could influence this?

What potential market reactions could follow the discussions, especially regarding investor sentiment?

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Spandana Sphoorty Financial approves merger of Criss Financial

2 min read Updated on 12 Jun 2026, 04:56 AM

Reviewed by

Anirudha BScanX News Team

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Spandana Sphoorty Financial Limited's Board approved the amalgamation of its subsidiary Criss Financial Limited to consolidate secured and unsecured lending operations. The merger, effective upon regulatory approvals, will see shareholders receive 73 shares for every 100 shares held in Criss Financial. The transaction aims to reduce costs, improve capital adequacy, and diversify the product mix.

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Spandana Sphoorty Financial Limited's Board approved the amalgamation of Criss Financial Limited with the company to consolidate its lending operations and enhance capital efficiency. The merger, approved on June 11, 2026, will combine Spandana's unsecured microfinance portfolio with Criss Financial's secured lending business, including loans against property. This strategic move is designed to reduce duplicity of costs, improve risk-adjusted yields, and streamline the group structure for better governance and compliance.

The transaction involves a share exchange ratio of 73 fully paid-up equity shares of Spandana Sphoorty Financial for every 100 equity shares of ₹10 each held in Criss Financial. The scheme is subject to approvals from the National Company Law Tribunal (NCLT), shareholders, creditors, and regulatory bodies including the Reserve Bank of India. Criss Financial is a subsidiary in which Spandana Sphoorty Financial holds 99.92% of the equity share capital.

Financial and Operational Details

The amalgamation is expected to generate revenue and cost synergies by diversifying the product mix and pooling resources. Spandana Sphoorty Financial reported revenue from operations of ₹906.59 crore and a net worth of ₹2,193.75 crore for the year ended March 31, 2026. Criss Financial recorded revenue of ₹150.86 crore and a net worth of ₹233.11 crore for the same period.

Entity	Revenue from Operations (INR crore)	Net Worth (INR crore)
Spandana Sphoorty Financial Limited	906.59	2,193.75
Criss Financial Limited	150.86	233.11

Shareholding Pattern

The merger will result in a marginal increase in the total number of equity shares outstanding. The shareholding pattern post-scheme indicates a slight adjustment in public shareholding due to the issuance of new shares to Criss Financial's minority shareholders. Promoters' holding will remain stable at approximately 48.15%.

Category	No. of equity shares (Before Scheme)	% of equity shares (Before Scheme)	No. of equity shares (Post Scheme)	% of equity shares (Post Scheme)
Promoters	4,26,86,336	48.16	4,26,86,336	48.15
Public	4,59,53,170	51.84	4,59,61,835	51.85
Total	8,86,39,506	100	8,86,48,171	100

Rationale and Approvals

The Board cited several benefits driving the amalgamation, including the elimination of structural overlaps, enhanced capital adequacy, and entry into new market segments. The unified entity aims to leverage a single compliance framework and shared technology systems to reduce operational costs. The valuation for the transaction was based on a report dated June 9, 2026, issued by an independent registered valuer, with a fairness opinion provided by an SEBI Registered Category I Merchant Banker.

Historical Stock Returns for Spandana Sphoorty Financial

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.16%	+9.82%	-1.82%	-6.25%	+1.57%	-60.94%

How will the integration of Criss Financial's secured lending portfolio impact Spandana's overall credit risk profile and non-performing asset ratios?

What specific timeline does the company anticipate for obtaining necessary regulatory approvals from the NCLT and the Reserve Bank of India?

How does Spandana plan to manage the cultural and operational integration of a secured lending business with its existing unsecured microfinance operations?