Spandana Sphoorty Financial Issues Postal Ballot for CEO Appointment & Remuneration
Spandana Sphoorty Financial has issued a postal ballot notice for shareholder approval on three key resolutions: appointing Venkatesh Krishnan as MD & CEO for three years with comprehensive remuneration including ₹2.28 crore fixed pay and ₹3 crore joining bonus, and revising Chairperson Abanti Mitra's annual remuneration to ₹50 lakh. The e-voting period runs from December 19, 2025, to January 17, 2026.
*this image is generated using AI for illustrative purposes only.
Spandana Sphoorty Financial , a prominent microfinance institution, has issued a postal ballot notice dated December 17, 2025, seeking shareholder approval for key leadership appointments and remuneration revisions through electronic voting.
Postal Ballot Resolutions
The company has proposed three special resolutions for member approval through remote e-voting:
| Resolution: | Details |
|---|---|
| Director Appointment: | Venkatesh Krishnan (DIN: 02078403) as Director |
| MD & CEO Appointment: | Three-year term from November 27, 2025 to November 26, 2028 |
| Chairperson Remuneration: | Abanti Mitra's annual pay revision to ₹50.00 lakh |
Executive Compensation Structure
The postal ballot notice reveals comprehensive remuneration details for Venkatesh Krishnan's appointment as Managing Director and Chief Executive Officer:
| Component: | Amount |
|---|---|
| Fixed Remuneration: | ₹2.28 crore per annum |
| Variable Performance Bonus: | ₹95.00 lakh per annum |
| Stock Options: | 8.85 lakh options vested over 4 years |
| Joining Bonus: | ₹3.00 crore |
Leadership Transition Background
The Board of Directors approved Krishnan's appointment on November 25, 2025, following the resignation of the former Managing Director and Chief Executive Officer. Krishnan brings over 34 years of financial services experience, having previously headed the microfinance division at HDFC Bank from 2018.
Voting Timeline and Process
The e-voting process is scheduled as follows:
| Parameter: | Details |
|---|---|
| Voting Period: | December 19, 2025 (09:00 AM) to January 17, 2026 (05:00 PM) |
| Cut-off Date: | December 12, 2025 |
| Results Declaration: | On or before January 20, 2026 |
| Service Provider: | KFin Technologies Limited |
Chairperson Remuneration Revision
The company also seeks approval for revising Abanti Mitra's annual remuneration from ₹30.00 lakh to ₹50.00 lakh, effective October 1, 2025. Mitra has served as Chairperson and Independent Director since 2021, providing strategic guidance during challenging phases including the recent leadership transition.
Regulatory Compliance
The postal ballot notice complies with Section 110 of the Companies Act, 2013, and SEBI Listing Regulations. The company has appointed Y Ravi Prasada Reddy as Scrutinizer for conducting the e-voting process in a fair and transparent manner.
Shareholders can access the complete postal ballot notice and explanatory statement on the company's website and stock exchange platforms for detailed information on the proposed resolutions.
Historical Stock Returns for Spandana Sphoorty Financial
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.01% | +1.31% | -6.66% | -6.16% | -14.17% | 0.0% |
16
Access 50+ Readymade Screeners 
Use 200+ Custom Filters 
Get Full Market Insights 
