Spandana Sphoorty Financial Limited (SPANDANA) — Board Meeting | 23 July 2026(2 announcements)

Spandana Sphoorty Financial Limited disclosed that CARE Ratings' monitoring report for the June 30, 2026 quarter shows no deviations in the ₹400 crore rights issue utilization, with ₹199.35 crore received (50% of issue size) and no deployment yet. The report confirms compliance with offer document disclosures and no material changes from prior monitoring. The company's AUM recovered to ₹4,420 crore by March 2026 after a decline, though profitability remains pressured by portfolio stress and covenant breaches on ₹36 crore borrowings.

Spandana Sphoorty Financial Limited announced the outcome of its board meeting on July 23, 2026, approving unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The board appointed Ms. Dipali Hemant Sheth as the new Non-Executive Chairperson. The limited review by B S R & Co. LLP confirmed compliance with Ind AS 34 and SEBI LODR. Total income stood at ₹279.78 crores, with profit before tax at ₹23.06 crores and total comprehensive income of ₹14.01 crores. The company also disclosed a Deferred Tax Asset of ₹132.95 crores, maintained under Ind AS 12 based on future taxable profit assessments. Employee stock options saw no allotments, and secured NCDs maintained 110% security coverage. The filing includes key financial ratios such as a net profit margin of 5.75% and a debt-equity ratio of 1.86. These results reflect improved profitability and tax position, supporting investor confidence in sustained earnings momentum.