Spandana Sphoorty Financial Ltd has completed the allotment of 8,500 secured redeemable non-convertible debentures worth ₹85.00 crore and approved a significant expansion of its debt fundraising program. The Management Committee of the Board of Directors, in its meeting held on December 17, 2025, sanctioned the allotment of the initial NCDs and approved additional issuances totaling up to ₹425.00 crore across three tranches.

Completed NCD Allotment

The company has successfully allotted the initial tranche of debt instruments with the following specifications:

Expanded Fundraising Program

The Management Committee has approved an ambitious three-tranche NCD issuance program, significantly expanding the company's debt capital raising capacity:

Payment Structure and Listing Details

The NCDs feature differentiated payment structures across tranches to cater to varied investor preferences. All three tranches will be listed on BSE Limited, providing liquidity options for investors. The instruments carry secured and redeemable features with quarterly and monthly interest payment schedules depending on the specific tranche.

Tranche-I and Tranche-III follow quarterly interest payments with maturity dates of June 30, 2028, while Tranche-II offers monthly interest payments with a shorter tenure ending March 31, 2028. Principal repayment is structured quarterly for Tranche-I and III, while Tranche-II features bullet repayment at maturity.

Strategic Capital Market Initiative

This comprehensive debt issuance program represents a substantial capital market initiative for the financial services company. The total potential fundraising of ₹510.00 crore (including the completed ₹85.00 crore allotment and the approved ₹425.00 crore program) demonstrates the company's strategic approach to accessing institutional funding through private placement routes while maintaining operational flexibility through the green shoe options across all tranches.

Spandana Sphoorty Financial has announced the approval of a significant debt fundraising initiative through non-convertible debentures (NCDs). The Management Committee of the Board of Directors approved the issuance of up to 15,000 listed, rated, senior, secured, redeemable, taxable NCDs with a total value of ₹150.00 crore, including a greenshoe option of 7,500 additional NCDs worth ₹75.00 crore.

Issue Structure and Timeline

The NCD issuance comes with clearly defined terms and a structured timeline for implementation. The debentures are scheduled for allotment on December 17, 2025, with a maturity period of 24 months extending until December 17, 2027.

Payment Schedule and Terms

The NCDs feature a structured payment mechanism designed to provide regular income to investors. The interest payments follow a monthly schedule, while principal repayments are structured quarterly to ensure systematic debt servicing.

Investment Features

The NCDs are structured as listed, rated, senior, secured, redeemable, and taxable instruments, providing multiple layers of investor protection and transparency. The secured nature of the debentures offers additional safety for bondholders, while the listing on BSE Limited ensures liquidity and market accessibility.

The private placement basis of the issuance allows for targeted investor engagement, while the greenshoe option provides flexibility to raise additional capital up to ₹75.00 crore based on market demand. The 24-month tenure offers a medium-term investment opportunity with systematic payment schedules for both interest and principal components.