Supra Pacific Financial Services Limited (SPFSL) has announced a significant expansion strategy, planning to open 25 new branches across Goa, Telangana, and Andhra Pradesh. This move underscores the company's commitment to enhancing its presence in key regions of India and bringing its financial services closer to customers.

Expansion Details

The company's expansion plan includes:

• Opening 25 new branches across three states: Goa, Telangana, and Andhra Pradesh
• Phased rollout of new branches over the coming months
• Focus on both urban and semi-urban areas

Strategic Objectives

SPFSL's expansion initiative aims to achieve several key objectives:

1. Enhanced Accessibility: By increasing its branch network, SPFSL seeks to make its financial services more accessible to a wider customer base.

2. Improved Service Delivery: The new branches are expected to strengthen the company's ability to serve customers more effectively in these regions.

3. Job Creation: The expansion is anticipated to generate new employment opportunities in local communities.

4. Market Penetration: This move reflects SPFSL's strategy to deepen its market presence in the southern and western parts of India.

Official Statement

In an official communication to the BSE, Leena Yezhuvath, Company Secretary of Supra Pacific Financial Services Limited, stated, "We are glad to inform you that we are broadening our operations to new states. This strategic expansion reflects our commitment to bringing our services closer to our customers and strengthening our presence in key regions across India."

Timeline and Implementation

The company has indicated that the new branches will become operational in phases over the coming months. This gradual approach suggests a carefully planned rollout strategy, likely aimed at ensuring smooth integration of the new branches into SPFSL's existing network.

Market Impact

This expansion move by Supra Pacific Financial Services comes at a time when financial institutions are increasingly focusing on expanding their physical presence alongside digital capabilities. The company's decision to invest in brick-and-mortar branches indicates a belief in the continued importance of personal, face-to-face banking services, especially in semi-urban areas.

As SPFSL embarks on this significant expansion, investors and industry observers will be keenly watching how this strategy impacts the company's market share, customer base, and financial performance in the coming quarters.

The expansion plan represents a major step for Supra Pacific Financial Services in its growth trajectory, potentially positioning the company for increased market penetration and enhanced service delivery in the target regions.

Supra Pacific Financial Services Limited (SPFSL) has issued a corrigendum to its postal ballot notice dated August 14, 2025, making significant amendments to the original document. The company has announced key changes, including the reclassification of certain shareholders and a correction in the wording for additional equity share creation.

Shareholder Reclassification

One of the primary amendments in the corrigendum is the reclassification of Mr. Joby George and Mr. Sandeep Babu from the 'Public' category to the 'Promoter' category. This change affects their status in the company's shareholding structure.

Correction in Share Capital Wording

The company has rectified the wording regarding the creation of additional equity shares. The original notice incorrectly stated the creation of 25 crore shares. The corrected version now accurately reflects the intention to create ₹25.00 crore divided into 2.50 crore shares of ₹10.00 each.

Key Resolutions for Shareholder Approval

The postal ballot seeks shareholder approval for three significant resolutions:

1. Increase in Authorized Share Capital: SPFSL proposes to increase its authorized share capital from ₹50.00 crore to ₹75.00 crore.

2. Equity Share Issuance for Property Acquisition: The company plans to issue 1.31 crore equity shares to The Central Financial Credit and Investment Co-operative (India) Ltd for ₹40.02 crore. This issuance is intended as consideration for the purchase of land and building.

3. Additional Equity Share Issuance: SPFSL aims to issue 98.91 lakh equity shares to promoters and public investors for ₹30.17 crore in cash.

Share Pricing and Voting Period

All shares in the proposed issuances are priced at ₹30.50 per share. The e-voting period for these resolutions is set to run from August 21 to September 19, 2025.

These amendments and proposed actions indicate that Supra Pacific Financial Services Limited is undertaking substantial changes to its capital structure and shareholding pattern.