Spandana Sphoorty Financial logo

Spandana Sphoorty Financial CEO, MD, chairman, board of directors and AGM

NSE: SPANDANABSE: 542759FinanceSmall Cap

Last close ₹178.18down ₹12.04 (6.33%)BSE ₹178.30

Share price at the NSE close on 23 Oct 2026. Previous close ₹190.22.

52-week range of traded prices to 23 Oct 2026
₹176.13Low, 23 Oct 2026₹319.40High, 6 Jul 2026
Market cap
₹1,579 Cr1,176th largest listed
P/E
Lossover the last 12 months
P/B
0.7
Dividend yield
Nonein the last 12 months
ROE
−13.7%
NIM
9.33%
Cost of funds
10.59%
Credit cost
15.06%
ROA
−9.49%
Leverage
3.09times net worth
Volume, NSE
5,10,03650.5% delivered

Spandana Sphoorty Financial board of directors

At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • ChairpersonAbanti Mitra
  • Managing director and CEOVenkatesh Krishnan
  • Company Secretary and Compliance OfficerVinay Prakash Tripathi

9 directors4 independent1 executive4 non-executive

  • Abanti Mitra · ChairpersonIndependent · joined May 2017 · reappointed May 2022 · 109 months as independent · 2 listed boards · 2 as independent · 4 committee seats, 2 as chair
  • Animesh ChauhanIndependent · joined Aug 2022 · reappointed Aug 2022 · 46 months as independent · 2 listed boards · 2 as independent · 7 committee seats, 1 as chair
  • Dipali Hemant ShethIndependent · joined May 2023 · reappointed May 2023 · 37 months as independent · 6 listed boards · 6 as independent · 7 committee seats
  • Vinayak PrasadIndependent · joined May 2023 · reappointed May 2023 · 37 months as independent · 1 listed board · 1 as independent · 3 committee seats
  • Neeraj SwaroopNominee, non-executive · joined Aug 2022 · reappointed Sep 2025 · 2 listed boards · 1 as independent · 4 committee seats
  • Ramachandra Kasargod KamathNominee, non-executive · joined May 2017 · reappointed Sep 2025 · 1 listed board · 3 committee seats, 1 as chair
  • Saakshi GeraNominee, non-executive · joined May 2024 · reappointed May 2024 · 1 listed board · 1 committee seat
  • Sunish SharmaNominee, non-executive · joined Mar 2017 · reappointed Jul 2024 · 2 listed boards · 1 committee seat
  • Venkatesh Krishnan · Managing director and CEOExecutive · joined Nov 2025 · reappointed Nov 2025 · 1 listed board · 1 committee seat

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

2 directors who left
  • Deepak Calian Vaidya, left 5 Jun 2026: Tenure Completion
  • Shalabh Saxena, left 23 Apr 2025: Others

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 11 Jun 20268 of 9 present4 independent · 36 days in between
    • 5 May 202610 of 10 present5 independent · 19 days in between
    • 15 Apr 20268 of 10 present4 independent · 77 days in between
    • 27 Jan 202610 of 10 present5 independent

  • Audit Committee

    Chair Animesh Chauhan

    Abanti Mitra, Saakshi Gera, Vinayak Prasad

    • 11 Jun 20263 of 3 present2 independent · 36 days in between
    • 5 May 20264 of 4 present3 independent · 97 days in between
    • 27 Jan 20264 of 4 present3 independent · 5 days in between
    • 21 Jan 20263 of 4 present2 independent

  • Nomination and remuneration committee

    Chair Dipali Hemant Sheth

    Sunish Sharma, Abanti Mitra

    • 5 May 20263 of 3 present2 independent
    • 22 Jan 20262 of 3 present1 independent

  • Stakeholders Relationship Committee

    Chair Ramachandra Kasargod Kamath

    Vinayak Prasad, Venkatesh Krishnan

    • 5 May 20264 of 4 present2 independent · 104 days in between
    • 20 Jan 20263 of 4 present1 independent

  • Risk Management Committee

    Chair Neeraj Swaroop

    Animesh Chauhan, Saakshi Gera, Venkatesh Krishnan

    • 4 May 20264 of 4 present1 independent · 102 days in between
    • 21 Jan 20264 of 4 present1 independent

  • Corporate Social Responsibility Committee

    Chair Ramachandra Kasargod Kamath

    Dipali Hemant Sheth, Neeraj Swaroop, Venkatesh Krishnan

    • 1 May 20264 of 4 present1 independent · 100 days in between
    • 20 Jan 20263 of 4 present1 independent

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Jun 2026.

  • M/s BSR & Co LLPPeer-review certificate valid to Jul 2028
1 earlier auditor
  • B S R & Co. LLPNamed in the filing for the quarter to Mar 2025

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

Spandana Sphoorty Financial AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Spandana Sphoorty Financial share news and announcements

Postal ballot, 13 Oct 2026

1,21,506 shareholders on the register on 4 Sep 2026; votes counted by Y. Ravi Prasada Reddy / RPR & Associates.The company's voting result (opens in a new tab)

  1. Appointment of Mr. Neeraj Swaroop (DIN: 00061170) as an Independent Director of the Company
    Special
    99.21% for0.79% against

    Against: promoters 0.00% · institutions 4.59% · other public 0.13%

    Turnout: all 61.06% · promoters 100.00% · institutions 49.53% · other public 8.10%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 18 Aug 2026, 5 resolutions

1,21,981 shareholders on the register on 11 Aug 2026; present: 0 promoters and 69 others; votes counted by Y. Ravi Prasada Reddy / RPR & Associates.The company's voting result (opens in a new tab)

  1. Adoption of Audited Standalone Financial Statements
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.12%

    Turnout: all 53.78% · promoters 100.00% · institutions 23.66% · other public 0.10%

  2. Adoption of Consolidated Financial Statements
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.12%

    Turnout: all 53.78% · promoters 100.00% · institutions 23.66% · other public 0.10%

  3. To appoint a director in place of Mr. Sunish Sharma (DIN: 00274432), who retires by rotation and being eligible, offers himself for reappointment:
    Ordinary
    99.53% for0.47% against

    Against: promoters 0.00% · institutions 4.50% · other public 1.62%

    Turnout: all 53.80% · promoters 100.00% · institutions 23.74% · other public 0.10%

  4. To appoint a director in place of Ms. Saakshi Gera (DIN:08737182), who retires by rotation and being eligible, offers herself for re-appointment:
    Ordinary
    92.07% for7.93% against

    Against: promoters 0.00% · institutions 75.86% · other public 1.71%

    Turnout: all 53.80% · promoters 100.00% · institutions 23.74% · other public 0.10%

  5. Issue of Non-Convertible Debentures (NCDs) on Private Placement Basis:
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.14%

    Turnout: all 53.80% · promoters 100.00% · institutions 23.74% · other public 0.10%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 17 Jan 2026, 3 resolutions

1,34,077 shareholders on the register on 12 Dec 2025; votes counted by Y. Ravi Prasada Reddy / RPR & Associates.The company's voting result (opens in a new tab)

  1. TO APPROVE THE APPOINTMENT OF MR. VENKATESH KRISHNAN (DIN: 02078403) AS A DIRECTOR OF THE COMPANY.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.14%

    Turnout: all 65.59% · promoters 100.00% · institutions 64.76% · other public 8.19%

  2. TO APPROVE THE APPOINTMENT AND REMUNERATION OF MR. VENKATESH KRISHNAN (DIN: 02078403) AS THE MANAGING DIRECTOR AND CHIEF EXECUTIVE OFFICER OF THE COMPANY
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.16%

    Turnout: all 65.59% · promoters 100.00% · institutions 64.76% · other public 8.19%

  3. TO APPROVE REVISION OF ANNUAL REMUNERATION PAYABLE TO MS. ABANTI MITRA (DIN: 02305893), CHAIRPERSON AND INDEPENDENT DIRECTOR OF THE COMPANY.
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.23%

    Turnout: all 65.59% · promoters 100.00% · institutions 64.76% · other public 8.18%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 16 Sep 2025, 6 resolutions

1,27,349 shareholders on the register on 9 Sep 2025; present: 0 promoters and 105 others; votes counted by Y. Ravi Prasada Reddy / RPR & Associates.The company's voting result (opens in a new tab)

  1. Adoption of Audited Standalone Financial Statements
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.73%

    Turnout: all 56.34% · promoters 100.00% · institutions 34.21% · other public 0.20%

  2. Adoption of Audited Consolidated Financial Statements
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.73%

    Turnout: all 56.34% · promoters 100.00% · institutions 34.21% · other public 0.20%

  3. To appoint a director in place of Mr. Ramachandra Kasargod Kamath (DIN: 01715073), who retires by rotation and being eligible, offers himself for reappointment
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.20%

    Turnout: all 56.36% · promoters 100.00% · institutions 34.29% · other public 0.20%

  4. To appoint a director in place of Mr. Neeraj Swaroop (DIN: 00061170), who retires by rotation and being eligible, offers himself for re-appointment
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.20%

    Turnout: all 56.36% · promoters 100.00% · institutions 34.29% · other public 0.20%

  5. Appointment of Alwyn Jay & Co., Company Secretaries, as the Secretarial Auditors of the Company
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.81%

    Turnout: all 56.36% · promoters 100.00% · institutions 34.29% · other public 0.20%

  6. Issue of Non-Convertible Debentures (NCDs) on Private Placement Basis.
    Special
    99.94% for0.06% against

    Against: promoters 0.00% · institutions 0.42% · other public 2.10%

    Turnout: all 56.36% · promoters 100.00% · institutions 34.29% · other public 0.20%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 8 Jul 2025, 1 resolution

1,29,954 shareholders on the register on 30 May 2025; votes counted by Y. Ravi Prasada Reddy / RPR & Associates, Company Secretaries.The company's voting result (opens in a new tab)

  1. Related Party Transactions with Criss Financial Limited for financial year 2025-26
    SpecialPromoters have an interest in it
    96.43% for3.57% against

    Against: promoters 0.00% · institutions 3.16% · other public 30.95%

    Turnout: all 8.56% · promoters 0.00% · institutions 36.49% · other public 0.44%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 11 Jun 2025, 1 resolution

1,29,566 shareholders on the register on 9 May 2025; votes counted by Y. Ravi Prasada Reddy / RPR & Associates, Company Secretaries.The company's voting result (opens in a new tab)

  1. To approve the amendments to the Articles of Association of the Company.
    Special
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 14.71%

    Turnout: all 56.20% · promoters 100.00% · institutions 34.36% · other public 0.39%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 2 Mar 2025, 1 resolution

1,21,330 shareholders on the register on 24 Jan 2025; votes counted by Y. Ravi Prasada Reddy / RPR & Associates.The company's voting result (opens in a new tab)

  1. To approve raising of funds by way of qualified institutional placement and/or other permissible mean(s) to eligible investors through issuance of securities of the company, in one or more tranches
    Special
    98.80% for1.20% against

    Against: promoters 0.00% · institutions 5.14% · other public 0.26%

    Turnout: all 66.01% · promoters 100.00% · institutions 60.71% · other public 9.71%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 15 Sep 2024, 2 resolutions

The company's voting result (opens in a new tab)

  1. To approve the request received from Ms. Padmaja Gangireddy along with persons acting in concert, belonging to the Promoter and Promoter Group of the Company, for re-classification from the “Promoter and Promoter Group” category to “Public” category of shareholder.MoreLess
    OrdinaryPromoters have an interest in it
    98.88% for1.12% against

    Against: promoters 0.00% · institutions 4.47% · other public 0.14%

    Turnout: all 68.36% · promoters 84.73% · institutions 61.86% · other public 20.33%

  2. To approve the amendments to the existing Articles of Association of the Company.
    Special
    98.88% for1.12% against

    Against: promoters 0.00% · institutions 4.47% · other public 0.09%

    Turnout: all 68.36% · promoters 84.73% · institutions 61.86% · other public 20.33%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

How mutual funds voted

Fund houses must disclose how they vote at every meeting of a company they hold.

Mutual fund votes, meeting of 17 Jan 2026, 2 fund houses

Each resolution counts the houses whose vote was matched to it; the rest are listed last.

  • TO APPROVE REVISION OF ANNUAL REMUNERATION PAYABLE TO MS. ABANTI MITRA (DIN: 02305893), CHAIRPERSON AND INDEPENDENT DIRECTOR OF THE COMPANY.
    Against Motilal Oswal Mutual Fund
    • Motilal Oswal Mutual FundNo concern on the merits and profile of the director. Governance & Transparency concern: The proposed quantum of remuneration appears to be excessive in the absence of any supporting data. The position is non-compliant with the provisions of Companies Act, 2013.Polonged association with the Company.
    1 for1 against
2 proposals not matched to one resolution
  • To approve the appointment and remuneration of Mr. Venkatesh Krishnan (DIN: 02078403) as the Managing Director and Chief Executive Officer of the Company for a period of three (3) years with effect from November 27, 2025, (i.e. from November 27, 2025, to November 26, 2028, both days inclusive), and that he shall not be liable to retire by rotation.MoreLess
    2 for0 against
  • To approve the appointment of Mr. Venkatesh Krishnan (DIN: 02078403) as a Director of the Company to hold the office for the period co-terminus with his tenure as the Managing Director and Chief Executive Officer of the Company and that he shall not be liable to retire by rotation.MoreLess
    2 for0 against

Mutual fund votes, meeting of 16 Sep 2025, 6 fund houses

  • Adoption of Audited Standalone Financial Statements
    Against Mirae Asset Mutual Fund
    • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
    5 for1 against
  • Adoption of Audited Consolidated Financial Statements
    Against Mirae Asset Mutual Fund
    • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
    5 for1 against
  • To appoint a director in place of Mr. Ramachandra Kasargod Kamath (DIN: 01715073), who retires by rotation and being eligible, offers himself for reappointment
    6 for0 against
  • To appoint a director in place of Mr. Neeraj Swaroop (DIN: 00061170), who retires by rotation and being eligible, offers himself for re-appointment
    6 for0 against
  • Appointment of Alwyn Jay & Co., Company Secretaries, as the Secretarial Auditors of the Company
    6 for0 against
  • Issue of Non-Convertible Debentures (NCDs) on Private Placement Basis.
    6 for0 against
4 earlier meetings

Mutual fund votes, meeting of 8 Jul 2025, 7 fund houses

  • Related Party Transactions with Criss Financial Limited for financial year 2025-26
    7 for0 against

Mutual fund votes, meeting of 11 Jun 2025, 7 fund houses

  • To approve the amendments to the Articles of Association of the Company.
    7 for0 against

Mutual fund votes, meeting of 2 Mar 2025, 6 fund houses

  • To approve raising of funds by way of qualified institutional placement and/or other permissible mean(s) to eligible investors through issuance of securities of the company, in one or more tranches
    Against Bandhan Mutual Fund, Groww Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual Fund
    • Bandhan Mutual Fund, Groww Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual FundCompliant with Law. Governance concern: Excessive dilution. No specific justification for not opting rights issue.
    2 for4 against

Mutual fund votes, meeting of 15 Sep 2024, 7 fund houses

  • To approve the request received from Ms. Padmaja Gangireddy along with persons acting in concert, belonging to the Promoter and Promoter Group of the Company, for re-classification from the “Promoter and Promoter Group” category to “Public” category of shareholder.MoreLess
    Against Edelweiss Mutual Fund, Groww Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual Fund
    • Edelweiss Mutual FundLack of clarity regarding whether persons related to the outgoing promoters have complied with the conditions stipulated under SEBI LODR Regulations.
    • Groww Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual FundCompliant with law. Transparency concern: Lack of clarity regarding whether persons related to the outgoing promoters have complied with the conditions stipulated under SEBI LODR Regulations.
    3 for4 against
  • To approve the amendments to the existing Articles of Association of the Company.
    Against Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual Fund
    • Bandhan Mutual Fund, Groww Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual FundCompliant with law. Governance Concern: Board meeting quorum should not be contingent upon presence of a single director; Committee positions should be determined considering the role of the committee and the expertise of the Director and not on the basis of any special rights.
    • Edelweiss Mutual FundBoard meeting quorum contingent upon presence of nominee director; Committee positions on the basis of special rights.
    2 for5 against

Each fund house counted once, from its own disclosure; the reasons are its own words.

Tax disputes

Reported in the filing for the quarter to Jun 2026.

  • Tax disputeDeputy Commissioner of Income Tax, Circle 3(1), Hyderabad AY 2017-18Since 29 Jan 2020
    Remand back proceedings have not yet initiated by Jurisdictional Assessing Officer, no update during the quarter.
    At the filing before: Remand back proceedings have not yet initiated by Jurisdictional Assessing Officer.
  • Tax disputeDeputy Commissioner of Income Tax, Circle 3(1), Hyderabad and National Faceless Assessment Centre AY 2016-17Since 24 Apr 2022
    The matter is still pending for adjudication with CIT(A), no update during the quarter.
  • Tax disputeDeputy Commissioner of Income Tax, Circle 3(1), Hyderabad AY 2011-12Since 20 Jan 2017
    The matter is still pending for adjudication with ITAT and at Hon’ble HC at Telangana during the quarter.
    At the filing before: The Company has filed the appeal with Hon'ble Income Tax Appellate Tribunal - Hyderabad on January 23, 2026. Whereas there is no change in the status for matter which is pending for adjudication at Hon'ble HC at Telangana during the quarter.MoreLess
  • Tax disputeDirectorate General of GST Intelligence, Mumbai Zonal UnitSince 15 Jun 2023
    The Company has filed an Appeal with the Commissioner GSTAT on June 28, 2026.
    At the filing before: The Company has received the final demand of Order in Appeal on January 30, 2026
  • Tax disputeDeputy Commissioner of Income Tax, Circle 3(1), Hyderabad and National Faceless Assessment CentreSince 11 Apr 2024
    The litigation matter has been closed and accordingly, no further status updates are required.
    At the filing before: There is no change in the status during the quarter.

In the company's own words, from its latest governance filing.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

At most 1 complaint open, quarter to Mar 2026.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
Yes
The chair is related to the managing director
No
The filing has a part on fines and penalties
No
The filing has a part on tax disputes
Yes
There was a cyber security incident in the quarter
No

The company's own answers in its filing.

How money raised was used

Reported for the quarter to Jun 2026.

RaisedAmount raisedForSet asideSpentSpent elsewhere
OthersApr 2026485.00On-lending485.000.00No
₹ crore. Checked by is the agency appointed to monitor how the money is used. The reason and the comments are the company's, its audit committee's and its auditors' own words.