SPANDANA

- Spandana Sphoorty Financial Limited issued notice for payment of First and Final Call of ₹115.00 per partly paid-up equity share. The payment period is from September 9, 2026, to September 23, 2026, with August 19, 2026, as the record date. Failure to pay may lead to interest, dividend adjustment, or forfeiture of shares.

- Board approved the amalgamation of Criss Financial Limited (a wholly-owned subsidiary) with the Company to reduce costs, diversify products, and streamline operations, subject to regulatory approvals. - Mr. Neeraj Swaroop resigned as Non-Executive Nominee Director (Kedaara Capital nominee) and was immediately re-appointed as an Independent Director for a three-year term.

- Board approved the amalgamation of wholly-owned subsidiary Criss Financial Limited with the Company for synergies and value enhancement. - Mr. Neeraj Swaroop transitioned from Non-Executive Nominee Director (resigned Aug 13, 2026) to Independent Director for three years (appointed Aug 14, 2026), subject to shareholder approval.

- The Board of Directors approved the amalgamation of Criss Financial Limited (CFL), a wholly-owned subsidiary, with Spandana Sphoorty Financial Limited (SSFL) via a scheme of arrangement, effective August 14, 2026. This scheme is subject to NCLT and shareholder approvals. - CFL's Revenue for the year ended March 31, 2026, was ₹150.86 Cr, and Net Worth was ₹233.11 Cr. - The amalgamation aims to reduce cost duplicity, achieve revenue and cost synergies, improve capital deployment, simplify group structure, and enhance growth and brand visibility. - Mr. Neeraj Swaroop resigned as a Non-Executive Nominee Director (nominee of Kedaara Capital I Limited) with effect from August 13, 2026. - Mr. Neeraj Swaroop was concurrently appointed as an Additional Director in the capacity of Independent Director for a term of three consecutive years, from August 14, 2026, to August 13, 2029, subject to shareholders' approval.

- The Board of Directors of Spandana Sphoorty Financial Limited met on August 14, 2026. - Noted the resignation of Mr. Neeraj Swaroop as Non-Executive Nominee Director effective August 13, 2026, due to the cessation of Kedaara Capital I Limited as a nominee on the Board. - Approved the appointment of Mr. Neeraj Swaroop as an Additional Director, designated as an Independent Director, for a three-year term from August 14, 2026, to August 13, 2029. - Approved the amalgamation of Criss Financial Limited (a wholly-owned subsidiary) with the Company, aiming to reduce costs, enhance efficiency, diversify product mix, and increase long-term value.

- Board Meeting on August 5, 2026, approved the first and final call of ₹115.00 per share (₹5.00 face value + ₹110.00 premium) on partly paid-up equity shares issued via rights basis. - Record date for the call is August 19, 2026.

- Board approved the first and final call of ₹115.00 per share (₹5.00 face value + ₹110.00 premium) on partly paid-up equity shares issued via rights basis. - The record date for determining eligible shareholders for this call is August 19, 2026.

- Q1 FY27 AUM grew 11% QoQ to INR4,887 crores. - PAT for Q1 FY27 was INR12 crores, up from INR5 crores in Q4 FY26. - Marginal cost of funding decreased to 11.3% from 12% in Q4 FY26; overall cost of borrowing declined to 12.8% from 13.2%. - NIM improved to 12.5% in Q1 FY27 compared to 9.9% in Q4 FY26. - Collection efficiency (X-bucket) sustained at 99.5%; GNPA improved to 3.6% (from 3.8% in Q4 FY26) and Consolidated NPA to 0.68% (from 0.73%). - FY27 net credit cost expected to be closer to 2%. - ROA expected to improve from current 1% in FY27, aiming for 3.5% by FY28. - FY27 business disbursements targeted at INR6,000-6,500 crores; AUM targeted to be over INR6,000 crores by FY27 end and INR10,000 crores by March '28. - Strategic initiatives include piloting an individual loan product, expanding in Tamil Nadu and Maharashtra, and migrating to a new LOS platform by Oct-Dec.

- Filing of Business Responsibility and Sustainability Report (BRSR) for financial year 2025-26.- Company is a microfinance institution focused on financial inclusion and women empowerment.- Supported 33,527 first-time borrowers and onboarded 2,18,609 new customers.- ESG governance architecture with Board-level oversight in place.- Committed to deepening ESG integration and enhancing customer protection. Most customer complaints from FY25-26 were resolved in Q1 FY26-27.

- The 23rd Annual General Meeting (AGM) will be held on Tuesday, August 18, 2026, at 11:30 a.m. (IST) via Video Conferencing/OAVM. - Key agenda items include adoption of Audited Standalone and Consolidated Financial Statements for FY 2025-26 and re-appointment of Mr. Sunish Sharma and Ms. Saakshi Gera as directors. - A Special Resolution seeks approval for issuing Non-Convertible Debentures (NCDs) via private placement, not exceeding ₹4,000 crore, during September 16, 2026 to September 15, 2027. - Remote e-voting is scheduled from August 14-17, 2026, with August 11, 2026, as the cut-off date for determining member eligibility.

- Audio recording of the Q1FY27 Investors/Analyst conference call, held on July 24, 2026, discussing unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, has been uploaded to the company's website. - The transcript for the call will be submitted to stock exchanges and uploaded on the company's website in due course.

- Consolidated Revenue ₹283.91Cr vs ₹300.46Cr (▼5.5% YoY) - EBITDA turned to a profit of ₹132.89Cr from a loss of ₹326.56Cr YoY. - PAT turned to a profit of ₹11.88Cr from a loss of ₹360.23Cr YoY. - EBITDA Margin improved to 46.80% from a negative margin of (108.68)% YoY. - Ms. Dipali Hemant Sheth was appointed as Non-Executive Chairperson.

- Q1FY27 Disbursement: ₹1,371 Cr (▲389.6% YoY vs Q1FY26). - Net Profit for Q1FY27: ₹12 Cr (▲140% QoQ vs Q4FY26). - AUM: ₹4,887 Cr (▲11% QoQ). - Consolidated GNPA improved to 3.64%. - Management is optimistic about future growth and new offerings.

- Consolidated Operating Revenue ₹283.91 Cr vs ₹300.46 Cr (▼5.51% YoY) - EBITDA ₹132.89 Cr vs ₹(326.56) Cr (Turned profitable from a loss YoY) - PAT ₹11.88 Cr vs ₹(360.23) Cr (Turned profitable from a loss YoY) - EBITDA Margin 46.84% vs (108.68%) (Significant expansion) - Ms. Dipali Hemant Sheth appointed as Non-Executive Chairperson. - ₹485 Cr from debenture issue proceeds (April 2026) remained unutilized as of June 30, 2026, to be deployed for on-lending within stipulated timelines.

- Concall Schedule - Concall Date: Friday, 24th July 2026 - Concall Time: 09:00 AM IST

- Spandana Sphoorty Financial Limited (SSFL) has acquired the remaining equity shares of Criss Financial Limited (CFL), making CFL a wholly-owned subsidiary. - The Management and Board will now re-evaluate and reconsider the terms of the previously proposed amalgamation scheme of CFL with SSFL.

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- Care Ratings Limited reaffirmed the credit ratings for Spandana Sphoorty Financial Limited. - Long-term bank facilities and non-convertible debentures are reaffirmed at CARE BBB+; Stable. - Commercial paper is reaffirmed at CARE A2. - The outlook on the long-term rating remains Stable.

- Trading window for dealing in company securities will close from July 1, 2026, for designated persons. - It will remain closed until 48 hours after the announcement of unaudited financial results for the quarter ended June 30, 2026. - The date of the Board meeting for results approval will be informed later.

- Investors' Conference Schedule - Conference Date: Wednesday, June 24, 2026 - Conference Time: 09:00 am onwards - Organized by: JM Financial India Finance Forum

- Crisil Ratings reaffirmed the long-term rating for bank loan facilities at 'Crisil BBB+/Stable'. - The limit for total bank loan facilities was reduced from ₹1,700 Crore to ₹1,000 Crore. - Company reported a loss of ₹699 Cr in fiscal 2026 and Assets Under Management (AUM) declined by 35% YoY to ₹4,420 crore. - Asset quality improved with Gross Non-Performing Assets (GNPA) at 3.8% and Net Non-Performing Assets (NNPA) at 0.7% as of March 31, 2026.

- ICRA Limited has reaffirmed the long-term credit rating for Spandana Sphoorty Financial Limited's existing instruments, including Term Loan (₹1,000 Cr) and Non-Convertible Debentures (₹523 Cr) at [ICRA]BBB+. - The outlook has been revised to Stable from Negative. - This revision is attributed to easing asset quality pressure and improved profitability in H2 FY2026.

- Spandana's Board approved the amalgamation of its 99.92% subsidiary, Criss Financial Limited (CFL), with the company on June 11, 2026. - CFL reported FY26 revenue of ₹150.86 Cr and net worth of ₹233.11 Cr. - The merger aims for cost/revenue synergies, market expansion, and long-term value creation. - The share exchange ratio is 73 SSFL shares for every 100 CFL shares.

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