Spandana Sphoorty Financial Limited has informed the Exchange about BRSR Report FY 2024-2025
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Spandana Sphoorty Financial, a Hyderabad-based microfinance NBFC, has submitted its Business Responsibility and Sustainability Report (BRSR) for FY 2024-25 to BSE and NSE as required under SEBI LODR regulations. The company operates 1,628 branches across 20 states, lending exclusively to women from low-income households under the Joint Liability Group model, with FY25 turnover of ₹2,245.19 crore and net worth of ₹2,622.77 crore. It employs 16,454 people (97% male, 3% female), and all employees are covered by health insurance, accident insurance, PF, gratuity, and ESI benefits. The report highlights zero corruption, bribery, or conflict-of-interest complaints, no shareholder or investor grievances, and 100% sustainable sourcing. Employee-related grievances stood at 1,310 with 44 pending, while customer complaints totaled 1,303, all of which were resolved. The company spent ₹8.23 crore on employee well-being (up from ₹5.16 crore) and established a formal ESG Committee in FY25 to integrate sustainability into decision-making.
This is a routine annual regulatory filing and is unlikely to cause any immediate stock price movement. It reinforces Spandana's ESG credentials as a microfinance lender focused on financial inclusion, which may appeal to socially conscious investors over the long term. No material new business or financial information beyond the annual report is disclosed here.