Spandana Sphoorty Announces First & Final Call Payment for Rights Equity Shares
Spandana Sphoorty Financial Limited is calling for the first and final payment of ₹115 per partly paid-up equity share. The payment window is from September 9 to September 23, 2026. The record date is August 19, 2026. Failure to pay by September 23 may lead to forfeiture of shares.
This announcement is material for the holders of the specific partly paid-up rights equity shares, as it dictates the final payment deadline and consequences of non-payment. For the broader market, it's a procedural update related to past fundraising activities and does not directly impact the company's current operations or future earnings.
The announcement is a procedural notice regarding the payment of a call on partly paid-up shares. It does not contain any new financial performance data or strategic initiatives that would positively or negatively impact the company's outlook. It is a routine step in the lifecycle of such shares.
Spandana Sphoorty Financial Limited has issued a First and Final Call Notice to the holders of its partly paid-up equity shares. This call is for ₹115.00 per share, comprising ₹5.00 towards face value and ₹110.00 towards premium. The payment period for this call is from September 9, 2026, to September 23, 2026, inclusive. The record date for determining eligible shareholders is August 19, 2026.
These partly paid-up equity shares were initially allotted on a rights basis, with an issue price of ₹230.00 per share. The Board of Directors, in a meeting held on August 5, 2026, decided to make this final call. Trading in the partly paid-up equity shares (ISIN: IN9572J01019) has been suspended effective August 19, 2026. Upon completion of payment, these shares will be converted into fully paid-up equity shares under ISIN INE572J01011, expected to be available for trading within two weeks after the payment period concludes.
Failure to pay the First and Final Call by September 23, 2026, will result in interest at 10% per annum for delayed payments. Additionally, the company reserves the right to forfeit the partly paid-up shares, including any amount already paid, and may also apply future dividends towards outstanding amounts. Detailed instructions and the ASBA application form are available on the company's website and the Registrar & Transfer Agents' website.
What to do with a filing like this
Spandana Sphoorty Financial Limited filed this with the NSE as a statutory disclosure, categorised under equity fundraising. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Spandana Sphoorty Financial Limited. Read the original for the full detail.