Spandana Sphoorty Financial Limited has informed the Exchange that Mr. Deepak Calian Vaidya (DIN:00337276) has ceased to be an Independent Director of the Company effective from close of business hours on June 5, 2026, consequent to completion of his second term as an Independent Director on the Board of Company.
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Spandana Sphoorty Financial Limited has informed the exchange that Mr. Deepak Calian Vaidya (DIN: 00337276) will cease to be an Independent Director of the company effective from the close of business hours on June 5, 2026. His exit comes after completing his second term as an Independent Director on the company's Board. This is a routine end-of-tenure event and no reasons of resignation or governance concerns have been mentioned in the filing.
This is a routine board change with no material impact on shareholders or the stock. Investors may want to watch for the appointment of a replacement Independent Director in due course to ensure continued compliance with board composition norms.