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Spandana Sphoorty Seeks Shareholder Nod on New CEO Appointment and Board Pay Revision via Postal Ballot

Story Highlights
  • Spandana Sphoorty has launched a remote e-voting postal ballot to approve key leadership and governance changes.
  • Shareholders are asked to confirm Venkatesh Krishnan as MD-CEO and revise pay for Chairperson Abanti Mitra, shaping future strategy and oversight.
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Spandana Sphoorty Seeks Shareholder Nod on New CEO Appointment and Board Pay Revision via Postal Ballot

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An update from Spandana Sphoorty Financial Ltd. ( (IN:SPANDANA) ) is now available.

Spandana Sphoorty Financial Ltd. has initiated a postal ballot process, conducted exclusively through remote e-voting, to seek shareholder approval for key changes to its leadership and board compensation. The resolutions include the appointment of Venkatesh Krishnan as a director as well as Managing Director and Chief Executive Officer, along with the revision of annual remuneration for Chairperson and Independent Director Abanti Mitra. The e-voting window runs from 19 December 2025 to 17 January 2026, with results to be declared on or before 20 January 2026, signaling an important governance and management reset that could influence the company’s strategic direction and oversight framework.

More about Spandana Sphoorty Financial Ltd.

Spandana Sphoorty Financial Ltd. is a non-banking financial company (NBFC) based in Hyderabad, focused on providing financial services, likely including microfinance and related lending solutions, to underserved and emerging customer segments in India.

Average Trading Volume: 20,658

Technical Sentiment Signal: Hold

Current Market Cap: 24.36B INR

For a thorough assessment of SPANDANA stock, go to TipRanks’ Stock Analysis page.

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