Spandana Sphoorty AGM Approves Financials, Reappoints Directors

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26 Aug, 2025 12:21

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Spandana Sphoorty Financial Limited held its Twenty-Second Annual General Meeting (AGM) on Tuesday, September 16, 2025, where key decisions including the approval of financial statements and director reappointments were made.

The meeting, conducted via video conferencing, addressed several items outlined in the AGM notice dated August 8, 2025.

Key Decisions

1. Adoption of Audited Standalone Financial Statements: The audited standalone financial statements were adopted.

1. Adoption of Audited Consolidated Financial Statements: The audited consolidated financial statements were adopted.

1. Director Reappointment: Mr. Ramachandra Kasargod Kamath (DIN: 01715073), who retired by rotation and was eligible, was reappointed.

1. Director Reappointment: Mr. Neeraj Swaroop (DIN: 00061170), who also retired by rotation and was eligible, was reappointed.

1. Secretarial Auditors: Alwyn Jay & Co., Company Secretaries, were appointed as the secretarial auditors of the company.

1. Issue of NCDs: The board approved the issuance of Non-Convertible Debentures (NCDs) on a private placement basis.

The meeting was held via video conferencing (VC) and other audio-visual means (OAVM) without the physical presence of members. Mr. Vinay Prakash Tripathi, the Company Secretary, welcomed the members and explained the e-voting process.

Ms. Abanti Mitra, Independent Director and Chairperson of the Board, presided over the AGM. Other key attendees included:

• Mr. Animesh Chauhan, Independent Director and Chairperson of the Audit Committee
• Ms. Dipali Hemant Sheth, Independent Director and Chairperson of the Nomination and Remuneration Committee
• Mr. Vinayak Prasad, Independent Director and Chairperson of the IT Strategy Committee
• Mr. Neeraj Swaroop, Non-Executive Nominee Director and Chairperson of the Risk Management Committee
• Mr. Ramachandra Kasargod Kamath, Non-Executive Nominee Director and Chairperson of the Corporate Social Responsibility Committee and Stakeholders' Relationship Committee
• Ms. Saakshi Gera, Non-Executive Nominee Director
• Mr. Sunish Sharma, Non-Executive Nominee Director
• Mr. Ashish Kumar Damani, Interim CEO, President & Chief Financial Officer

Mr. Kapil Goenka, Partner, Ms. Anuja Khona, and Mr. Prakash Mohnani representing BSR & Co. LLP, Chartered Accountants, Statutory Auditors of the Company, and Mr. Alwyn D'souza, Partner, representing M/s Alwyn Jay & Co, Secretarial Auditors of the Company and Mr. Y. Ravi Prasada Reddy, Practicing Company Secretary acting as Scrutinizer also attended the AGM through VC.

The remote e-voting facility was available to members from September 12, 2025, to September 15, 2025. Mr. Y. Ravi Prasad Reddy was appointed as the scrutinizer for the e-voting process.

The AGM commenced at 03:00 p.m. and concluded at 04:11 p.m., including the time for voting through the Insta Poll system.