Spandana Sphoorty Financial Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 16, 2025
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Spandana Sphoorty Financial Limited has notified BSE and NSE about its 22nd Annual General Meeting scheduled for Tuesday, September 16, 2025, at 3:00 PM (IST), to be held via video conferencing. The ordinary business includes adoption of audited standalone and consolidated financial statements for FY 2024-25, and re-appointment of two directors — Mr. Ramachandra Kasargod Kamath and Mr. Neeraj Swaroop — who retire by rotation. A special resolution seeks shareholder approval to issue Non-Convertible Debentures (NCDs) on a private placement basis of up to ₹4,000 crore over one year, to support the company's business plan and growth (replacing a similar approval that expired on July 29, 2025). The company also proposes appointing M/s. Alwyn Jay & Co. as Secretarial Auditors for five years (FY 2025-26 to FY 2029-30) at ₹3.90 lakh per year with a 10% annual increase. The remote e-voting window is September 12 to September 15, 2025, with a cut-off date of September 9, 2025. The company's total borrowings stood at ₹5,196.64 crore as of March 31, 2025 (well within its approved borrowing limit of ₹12,000 crore), and FY 2025-26 scheduled repayments are ₹3,880.26 crore.
The most material item is the proposal to raise up to ₹4,000 crore via NCDs — if approved, it will enable the NBFC to fund growth and refinance existing debt, and is broadly neutral to mildly positive for shareholders given it stays within the overall borrowing cap. Adoption of FY25 results and routine director re-appointments are standard AGM items with limited price impact.