Spandana Sphoorty Financial Limited has fixed Wednesday, August 19, 2026, as the record date for the first and final call on its partly paid-up equity shares. The company’s Board of Directors approved the action during a meeting held on August 5, 2026, determining the holders of shares with ISIN IN9572J01019 who will receive the call notice. This step is part of the completion process for the rights issue announced via the Letter of Offer dated July 18, 2025.

The call amount is set at ₹115.00 per share. This figure comprises ₹5.00 towards the face value and ₹110.00 towards the premium. The shares in question are partly paid-up equity shares with a face value of ₹10 each, issued by the company on a rights basis.

Call Details

The Board’s decision ensures that eligible shareholders are identified as of the record date to receive the formal notice for payment. The meeting commenced at 4:00 p.m. and concluded at 4:15 p.m.

This disclosure was made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing references previous communications, including SSFL/Stock Exchange/2025-26/43 dated July 15, 2025, and SSFL/Stock Exchange/2025-26/052 dated August 12, 2025.

Spandana Sphoorty Financial Limited reported a standalone net profit after tax (PAT) of ₹16.09 crore for the quarter ended June 30, 2026 (Q1FY27), a significant improvement from the ₹5 crore PAT in Q4FY26 and a recovery from the ₹328.91 crore loss in Q1FY26. The consolidated PAT stood at ₹11.88 crore. This turnaround was driven by an 11% quarter-on-quarter growth in assets under management (AUM) to ₹4,887 crore, improved asset quality with gross non-performing assets (GNPA) declining to 3.6%, and a sharp rise in net interest income. On July 23, 2026, the Board appointed Ms. Dipali Hemant Sheth as Non-Executive Chairperson to strengthen governance oversight.

The Board approved the unaudited financial results pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Statutory Auditor B S R & Co. LLP issued a limited review report. Company Secretary Vinay Prakash Tripathi confirmed the publication of results in Financial Express and Nava Telangana on July 24, 2026, as per Regulation 47 of the SEBI (LODR) Regulations, 2015. The company also disclosed that proceeds from ₹485 crore raised via private placement of debentures in April 2026 remained unutilized as of June 30, 2026, with no deviation in the intended use of funds.

Financial Performance and Operational Metrics

Standalone total income rose to ₹279.78 crore in Q1FY27 from ₹264.18 crore in Q1FY26. Interest income increased to ₹258.34 crore from ₹245.89 crore. Consolidated total income was ₹303.22 crore. Net interest income for the group surged 39% quarter-on-quarter to ₹135 crore, aided by a yield improvement of 182 basis points to 24.6%. Pre-provision operating profit (PPOP), excluding recoveries, stood at ₹16 crore, while PPOP including recoveries remained stable at ₹40 crore. The net interest margin (NIM) improved to 12.5% from 9.9% in the previous quarter.

Disbursements totaled ₹1,371 crore, with approximately 61% extended to new customers. Liquidity stood at ₹1,316 crore at the end of June 2026. The marginal cost of borrowing decreased to 11.3% from 12.0% in Q4FY26. Overall cost of borrowing came down to 12.8% from 13.2%, with the bank share of funding increasing from 44% to 47%.

Asset Quality and Strategic Initiatives

Asset quality showed further improvement across multiple parameters. Consolidated GNPA fell by 15 basis points to 3.64%, while net NPA decreased to 0.68% from 0.73%. On a standalone basis, Stage III loan assets to gross loan assets stood at 2.91%, with net Stage III loan assets to gross loan assets at 0.56%. The provision coverage ratio (PCR) was maintained at approximately 81%. Collection efficiency metrics strengthened, with gross collection efficiency improving to 96.6% and X-bucket collection efficiency reaching 99.5% for June 2026. Recoveries from the 90-plus days past due (DPD) pool amounted to ₹51 crore during the quarter.

Managing Director & CEO Venkatesh Krishnan outlined strategic priorities, including expanding presence in Tamil Nadu and Maharashtra, where the company currently holds minimal market share. An individual loan product is being piloted in eight branches in Madhya Pradesh. The company aims for disbursements between ₹6,000 crore and ₹6,500 crore for FY27 and targets an AUM of over ₹6,000 crore by March 2027, with a long-term goal of ₹10,000 crore by March 2028. CFO Ashish Damani stated that the return on assets (ROA) is expected to improve from the current 1% towards a target of 3.5% by FY28. Operating expenses are projected to be around ₹675 crore for FY27, down from ₹760 crore in the previous year.

What the Numbers Show

The simultaneous expansion of AUM by 11% quarter-on-quarter and the decline in GNPA to 3.6% indicates effective risk-adjusted growth. The improvement in NIM to 12.5%, driven by higher yields and lower funding costs, suggests that the company’s focus on optimizing its liability mix—particularly increasing bank funding—is yielding tangible margin benefits. With over 60% of disbursements going to new customers and a strong collection efficiency of 99.5% in the stressed bucket, Spandana Sphoorty appears well-positioned to sustain profitability while expanding its borrower base in underpenetrated markets like Tamil Nadu and Maharashtra.