Spandana Sphoorty shareholders approve all resolutions at AGM

Spandana Sphoorty Financial Limited announced that all six resolutions proposed at its 22nd Annual General Meeting (AGM), held on September 16, 2025, have been passed with the requisite majority. The resolutions included the adoption of audited standalone and consolidated financial statements, the re-appointment of Mr. Ramachandra Kasargod Kamath and Mr. Neeraj Swaroop as directors, the appointment of Alwyn Jay & Co. as Secretarial Auditors, and the approval for the issue of Non-Convertible Debentures (NCDs) on a private placement basis.

A total of 277 members voted at the AGM, participating through remote e-voting and Insta Poll. The total votes polled for all resolutions consistently surpassed 45,000,000, reflecting strong shareholder engagement. Across all resolutions, the percentage of votes in favor on votes polled remained exceptionally high, ranging from 99.9968% to 99.9972%, indicating broad shareholder consensus.

The total paid-up equity share capital of the company as of the cut-off date, September 9, 2025, was ₹79,97,23,250, comprising 7,13,05,144 fully paid-up equity shares of face value ₹10 each and 1,73,34,362 partly paid-up equity shares of paid-up value ₹5 each. The results, inclusive of proportional voting rights for partly paid shares, confirm unanimous approval for the strategic proposals.