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Spandana Sphoor

5th-Sep-2020 12:49Source: BSE

Spandana Sphoorty Financial - Outcome Of The Management Committee Meeting Held On September 05, 2020.

This is to inform you that pursuant to the provisions of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Management Committee of the Board of Directors of the Company at their meeting held on Saturday, September 05, 2020 has pursuant to the authority entrusted by the Board of Directors and within the limits as approved by the Members of the Company vide special resolution passed through postal ballot on July 17, 2020, inter-alia approved the issuance of 250 (Two Hundred and Fifty) rated, listed, secured, senior, redeemable, transferable, Non-Convertible Debentures ("NCDs") having a face value of Rs. 10,00,000 (Rupees Ten lakh only) each, aggregating upto an amount of Rs. 25 Crore (Rupees Twenty Five Crore only) on a Private Placement basis, in accordance with the provisions of Sections 42 and 71 of the Companies Act, 2013.

We request you to kindly take on record the aforesaid information.

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