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.

Spandana Sphoorty Financial Limited, a prominent player in the financial services sector, has announced a significant development in its financing activities. The company is set to discuss the issuance of non-convertible debentures (NCDs) in an upcoming meeting.

Key Details

• Meeting Date: October 13, 2025
• Purpose: To consider and approve the issue and offer of Non-Convertible Debentures on a private placement basis
• Governing Body: Management Committee of the Board of Directors

Background

Spandana Sphoorty Financial Limited, headquartered in Hyderabad, is known for its presence in the microfinance sector. The company's move to discuss NCD issuance suggests a strategic approach to raising capital, which could potentially fuel its growth and operational expansion.

Regulatory Compliance

The company has adhered to regulatory requirements by disclosing this information under Regulations 29 and 50(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This transparency ensures that shareholders and potential investors are kept informed about significant financial decisions.

Market Impact

The announcement of the upcoming meeting to discuss NCD issuance is noteworthy for investors and market watchers. Non-Convertible Debentures are often viewed as a stable instrument for companies to raise funds, offering fixed returns to investors without the option of conversion into equity shares.

Company Information

As the financial landscape continues to evolve, Spandana Sphoorty Financial's decision to explore NCD issuance reflects the company's proactive approach to capital management. Investors and stakeholders will be keenly watching the outcome of the October 13 meeting for further insights into the company's financial strategy.