Spandana Sphoorty Allots ₹250 Crore Secured Non-Convertible Debentures
Filing Summary
Spandana Sphoorty Financial Limited announced the allotment of 25,000 secured, senior, redeemable, listed, rated Non-Convertible Debentures (NCDs) on a private placement basis, with a face value of ₹1,00,000 each, totaling ₹250 crore. The allotment was approved on October 24, 2025, by the company’s Management Committee. The secured and listed NCDs have been issued to identified investors under SEBI regulations. This issuance forms part of the company’s debt fund-raising program to support its lending and financing operations.
Spandana Sphoorty Financial Limited has announced the allotment of 25,000 secured, senior, redeemable, listed, and rated Non-Convertible Debentures (NCDs) through a private placement. The NCDs have a face value of ₹1,00,000 each, aggregating to a total of ₹250 crore.
The allotment was approved by the Management Committee of the Board of Directors at its meeting held on October 24, 2025. The issuance has been made in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and relevant SEBI circulars governing private placement of debt securities.
The NCDs are secured instruments and have been assigned a credit rating by an accredited credit rating agency, as required for listed debt instruments. These debentures are listed securities, and the company has completed the issuance under its regular fund-raising programs through privately placed debt instruments.
The issuance of NCDs through private placement enables the company to raise funds from institutional investors and long-term debt investors. The debentures are redeemable at maturity as per the terms defined in the issue documents. The filing does not specify the coupon rate, tenure, or redemption schedule, which will be governed by the terms of the private placement agreement.
Spandana Sphoorty Financial Limited has confirmed that the allotment complies with all applicable SEBI regulations and that the NCDs are being issued to identified investors. The company had earlier, through its letter dated October 13, 2025, disclosed the Board’s approval to raise funds via issuance of debt securities, and this filing confirms the completion of the allotment process.
The funds raised through this issue will contribute to the company’s ongoing financing requirements and balance sheet management, in line with its lending operations as a registered Non-Banking Financial Company – Microfinance Institution (NBFC-MFI).
About Spandana Sphoorty Financial Limited
Spandana Sphoorty Financial Limited, headquartered in Hyderabad, is a Non-Banking Financial Company – Microfinance Institution (NBFC-MFI) registered with the Reserve Bank of India. The company provides small-ticket microloans to low-income households, primarily to women entrepreneurs, for income-generating activities. It operates through a wide network of branches across India, catering to rural and semi-urban segments. Spandana’s lending products include group-based microfinance loans, individual loans, and other related financial services.