Spandana Sphoorty Financial
305.45
-13.00(-4.08%)
Market Cap₹2,178.02 Cr
PE Ratio25.54
Company Performance:
1D-4.08%
1M+10.91%
6M-17.42%
1Y-58.17%
5Y-49.57%
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Latest news about Spandana Sphoorty Financial
Spandana Sphoorty Financial Approves ₹400 Crore Rights Issue, Faces ICRA Downgrade 1 day ago Yesterday
Spandana Sphoorty Financial's Board has approved a ₹400 crore rights issue, pending regulatory approvals. Simultaneously, ICRA has downgraded the company's credit rating, maintaining a negative outlook due to covenant breaches on ₹1,058 crore of Non-Convertible Debentures, with some waivers still pending. The specific terms of the rights issue are yet to be determined and will be disclosed later.
Spandana Sphoorty Financial Plans Rs 750-Crore Capital Raise, Forms Committee Jun 18, 2025
Spandana Sphoorty Financial Shares Tumble 2% Following ICRA Downgrade Jun 12, 2025
Spandana Sphoorty Financial's Q4 Net Loss Widens to ₹410 Crore Jun 02, 2025
Spandana Sphoorty Financial Reports ₹434 Crore Q4 Loss Amid Auditor Concerns and Industry Challenges May 30, 2025
More news about Spandana Sphoorty Financial
13May 25
Spandana Sphoorty Financial to Amend Articles of Association for Enhanced Fundraising Flexibility
Spandana Sphoorty Financial plans to modify its Articles of Association to align with current regulations and improve fundraising capabilities. The changes will allow more flexibility in issuing shares for cash or services. Shareholders can vote on these amendments through e-voting from May 13 to June 11.
25Apr 25
Spandana Sphoorty Financial Refutes Media Report, Affirms Robust Internal Audit Processes
Spandana Sphoorty Financial Limited has issued a clarification to stock exchanges, denying any unreported information and asserting robust internal audit mechanisms. The company stated there is no undisclosed information requiring disclosure under SEBI regulations. It emphasized strong internal audit processes and proper disclosure of any adverse findings in published financial results. The company was unable to explain recent stock price movements, suggesting they are not based on material information known to the company.
25Apr 25
Spandana Sphoorty Financial Under RBI Scrutiny, CEO Resigns Abruptly
Spandana Sphoorty Financial faces regulatory scrutiny after an RBI inspection revealed operational issues including unreported frauds and cash balance mismatches. CEO Shalabh Saxena has resigned, with CFO Ashish Kumar Damani appointed as interim CEO. The company now faces challenges in regulatory compliance, maintaining investor confidence, and stabilizing leadership.
23Apr 25
Spandana Sphoorty Financial Announces CEO Transition, Appoints Interim Chief
Shalabh Saxena, Managing Director and CEO of Spandana Sphoorty Financial Limited, has resigned effective April 23, 2025. The Board has appointed Ashish Kumar Damani, current President and CFO, as Interim CEO. Damani, with over 23 years of microfinance experience, will lead the company through this transition. Spandana emphasizes commitment to seamless leadership change in compliance with SEBI regulations.
Spandana Sphoorty Financial
305.45
-13.00
(-4.08%)
1 Year Returns:-58.17%
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