Spandana Sphoorty Financial Limited announced that its Board of Directors has given in-principle approval for the potential merger of its subsidiary, Criss Financial Limited, into the parent company. This decision was made during a Board resolution on January 10, 2026.

To facilitate this process, the Board has established a Merger Steering Committee. This committee, a sub-delegated body of the Board, will be responsible for evaluating the merger, finalizing its terms, and making a final proposal to the Board for approval. Their mandate includes engaging intermediaries, drafting the scheme of merger and related documents, and managing stakeholder communications.

The Board will consider the proposed merger upon the recommendation of the Merger Steering Committee. The final scheme and definitive agreements will require subsequent Board approval. Spandana Sphoorty Financial Limited stated that further necessary announcements and disclosures will be made in accordance with regulatory requirements after the Board's consideration.