Spandana Sphoorty Financial Limited (SPANDANA) — Board Meeting | 14 August 2026 (4 announcements)

Spandana Sphoorty Financial announced the outcome of its August 14, 2026 board meeting, appointing Neeraj Swaroop as an Independent Director for three years and approving the merger of its subsidiary Criss Financial Limited into the company, subject to NCLT and regulatory approvals.

Spandana Sphoorty Financial announced the appointment of Neeraj Swaroop as an Independent Director effective August 14, 2026, following his resignation as a Non-Executive Nominee Director. The Board also approved the amalgamation of its subsidiary Criss Financial Limited with the company, subject to NCLT and regulatory approvals. The scheme aims to create synergies, reduce costs, and enhance growth through combined lending operations.

Spandana Sphoorty Financial announced the resignation of Mr. Neeraj Swaroop as Non-Executive Nominee Director effective August 13, 2026, followed by his appointment as an Independent Director for a three-year term ending August 13, 2029, subject to shareholder approval. The Board also approved the amalgamation of wholly owned subsidiary Criss Financial Limited with the company, pending NCLT and regulatory approvals, aiming to create operational synergies and diversify lending portfolios.

Spandana Sphoorty Financial announced the board approved Neeraj Swaroop's appointment as an Independent Director for three years effective August 14, 2026, following his resignation as a Non-Executive Nominee Director. The board also approved the amalgamation of Criss Financial Limited with the company, subject to NCLT and regulatory approvals, to create operational synergies and diversify lending portfolios.