Spandana Sphoorty Financial Limited has announced the outcome of its Management Committee Meeting held on December 17, 2025. The committee approved the allotment of 8,500 Listed, Rated, Senior, Secured, Redeemable, Non-Convertible Debentures with a face value of ₹1,00,000 each, aggregating to ₹85 crore. Additionally, the company approved the issuance of Rated, Listed, Senior, Secured, Redeemable, Taxable, Non-Convertible Debentures (NCDs) on a private placement basis. This issuance will occur in multiple tranches: Tranche-I with up to 15,000 NCDs (including a green shoe option of 6,000), Tranche-II with up to 7,500 NCDs (including a green shoe option of 2,500), and Tranche-III with up to 20,000 NCDs (including a green shoe option of 7,500). The total size for these tranches, including the green shoe options, amounts to ₹150 crore for Tranche-I, ₹75 crore for Tranche-II, and ₹200 crore for Tranche-III, making a total of ₹425 crore. The NCDs in Tranche-I and Tranche-III have a tenure of 30 months with a coupon rate of 11.50% p.a. payable quarterly, and an allotment date of December 23, 2025, with maturity on June 30, 2028. Tranche-II has a tenure of 27 months with a coupon rate of 11.00% p.a. payable monthly, also with an allotment date of December 23, 2025, and maturity on March 31, 2028. All NCDs are secured and redeemable at par.