Spandana Sphoorty Financial Limited , a prominent player in the financial services sector, has announced a significant move in the debt market. The company's Management Committee has given the green light for the issuance of Non-Convertible Debentures (NCDs) worth ₹400 crore, including a green shoe option of ₹100 crore.

NCD Issuance Details

The approved issuance comprises up to 40,000 NCDs, each with a face value of ₹1,00,000. Here are the key details of the NCD issuance:

Significance and Impact

This NCD issuance represents a strategic financial move for Spandana Sphoorty Financial Limited. The decision to raise funds through NCDs could be aimed at strengthening the company's capital base, supporting business growth, or refinancing existing debt.

The inclusion of a green shoe option of ₹100 crore provides the company with the flexibility to raise additional funds if there's strong investor demand. This could potentially allow Spandana Sphoorty to capitalize on favorable market conditions and secure more capital than initially planned.

Investor Perspective

For potential investors, these NCDs offer an interest rate of 11.00% per annum, payable monthly. The additional redemption premium of 1.25% per annum (accrued monthly and payable at maturity) further enhances the potential returns for investors who hold the NCDs until maturity.

The secured nature of the NCDs, combined with their listing on the BSE, may provide investors with a sense of security and liquidity. However, as with all investments, interested parties should conduct their due diligence and consider their risk appetite before investing.

Conclusion

Spandana Sphoorty Financial Limited's decision to issue NCDs worth ₹400 crore marks a significant development in the company's financial strategy. As the NCDs are set to be listed on the BSE, market participants will be keenly watching how this issuance performs and its impact on the company's financial position going forward.

Spandana Sphoorty Financial Limited, a prominent player in the Indian financial services sector, has announced significant changes in its risk management leadership. The company has appointed G. Parthasarathy as its new Chief Risk Officer, following the resignation of Amit Anand.

Leadership Transition

The Board of Directors of Spandana Sphoorty Financial Limited has approved the following changes:

Amit Anand will step down from his role as Chief Risk Officer, effective from the close of business hours on October 15, 2025, citing personal reasons. G. Parthasarathy will assume the position of Chief Risk Officer on October 16, 2025, for a three-year term until October 15, 2028.

New Appointment Details

The appointment of G. Parthasarathy was recommended by the Nomination and Remuneration Committee and the Risk Management Committee. His appointment is in accordance with the Master Direction – Reserve Bank of India (Non-Banking Financial Company – Scale Based Regulation) Directions, 2023.

G. Parthasarathy's Profile

G. Parthasarathy brings a wealth of experience to his new role:

• Over 26 years of experience in financial services
• Previously served as Chief Risk Officer at Belstar Microfinance Limited
• Managed risk, legal, internal audit, and compliance functions
• Held senior positions at Madura Microfinance, BEBB India, Muthoot Fincorp, HDFC Bank, and GE Money
• Developed robust risk systems and collaborated with KPMG on enterprise-wide frameworks

Educational Background

Parthasarathy's educational qualifications include:

• Law degree (LL.B.)
• MBA in Marketing
• B.Sc. in Mathematics
• Currently pursuing FRM certification
• Additional certifications in Six Sigma (White Belt) and IRDA

Known for his governance-driven approach and strategic alignment of risk, Parthasarathy has been recognized with awards and scholarships for his contributions to the field.

Regulatory Compliance

This change in leadership has been disclosed in compliance with Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has duly informed the BSE Limited and the National Stock Exchange of India Limited about this development.

Spandana Sphoorty Financial Limited continues to strengthen its risk management capabilities with this strategic appointment, aiming to enhance its governance structure and align risk practices with its strategic goals.