Spandana Sphoorty Financial Limited held its 23rd Annual General Meeting on August 18, 2026, to transact both ordinary and special business items. The meeting was conducted through Video Conferencing (VC) and Other Audio-Visual Means (OAVM) in compliance with Ministry of Corporate Affairs and SEBI circulars, dispensing with physical attendance and proxy appointments.

Spandana Sphoorty Financial shareholders approved the adoption of the company's audited standalone and consolidated financial statements for FY26. Additionally, the board proposed the reappointment of two directors retiring by rotation: Mr. Sunish Sharma and Ms. Saakshi Gera. Both directors were eligible and offered themselves for reappointment.

The primary special business item involved the issuance of Non-Convertible Debentures (NCDs) on a private placement basis. This resolution seeks shareholder approval to raise capital through debt instruments, a move that may support the company's liquidity or expansion plans without diluting equity.

Key Attendees and Proceedings

Ms. Dipali Hemant Sheth, Independent Director and Chairperson of the Board, presided over the meeting. Mr. Venkatesh Krishnan, Managing Director and CEO, addressed members on sectoral outlook and business highlights. The quorum was present via VC.

Key officials present included:

• Mr. Animesh Chauhan, Independent Director and Audit Committee Chairperson
• Mr. Vinayak Prasad, Independent Director and Chairperson of IT Strategy and Nomination & Remuneration Committees
• Mr. Neeraj Swaroop, Independent Director and Risk Management Committee Chairperson
• Mr. Ramachandra Kasargod Kamath, Non-Executive Nominee Director

Statutory Auditors from BSR & Co. LLP, Secretarial Auditor Alwyn D'sousa, and Scrutinizer Y. Ravi Prasada Reddy also attended.

Voting and Compliance

Remote e-voting was facilitated by KFin Technologies Limited for shareholders as of the cut-off date, August 11, 2026. The voting window ran from August 14, 2026, at 9:00 am to August 17, 2026, at 5:00 pm. Members attending via VC who had not voted remotely used the Insta Poll system during the meeting.

Mr. Y. Ravi Prasad Reddy was appointed as Scrutinizer to ensure a fair voting process. The final voting results and Scrutinizer's Report will be submitted to stock exchanges separately and published on the company website.

What the Numbers Show

While no financial figures were disclosed in the AGM proceedings document, the approval of an NCD issuance signals a strategic focus on debt financing. This approach allows the company to leverage its balance sheet without issuing new equity, potentially preserving promoter ownership stakes while funding growth or managing working capital requirements.

Spandana Sphoorty Financial Limited has published newspaper advertisements confirming Wednesday, August 19, 2026, as the record date for the first and final call on its partly paid-up equity shares. The company disseminated these notices in Financial Express, Jansatta, and Mana Telangana on August 06, 2026, ensuring eligible shareholders with ISIN IN9572J01019 are formally identified for the payment obligation. This step completes the public disclosure requirements for the rights issue initiated via the Letter of Offer dated July 18, 2025.

The first and final call amount is fixed 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. Shareholders holding these shares as of the close of business on the record date will receive the formal call notice detailing payment instructions.

Call Details

The Board of Directors approved the record date during a meeting held on August 05, 2026. The company’s Company Secretary, Vinay Prakash Tripathi, signed the disclosure letter addressed to BSE Limited and National Stock Exchange of India Limited. The filing references previous communications, including SSFL/Stock Exchange/2026-27/053 dated August 05, 2026.

This disclosure was made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company stated that further details regarding the first and final call will be included in the formal notice dispatched to shareholders in due course. The information is also available on the company’s website at www.spandanasphoorty.com .