Pursuant to Regulation 30 read with Schedule III of the SEBI LODR Regulations, Spandana Sphoorty Financial has informed that the Securities and Exchange Board of India (SEBI) has passed a settlement order (bearing no. SO/BM/RK/2024-25/7685) dated August 21, 2024 (Settlement Order) with respect to a settlement application (Settlement Application) filed by Spandana Sphoorty Financial (Company) in relation to the proceeding initiated by SEBI for certain violations of the SEBI LODR Regulations by the Company. These violations were related to non-disclosure/delayed disclosure on non-confirmation with certain financial covenant during March 31, 2023, to October 31, 2023, i.e. the review period as stated in the show cause notice dated January 4, 2024, with respect to non-convertible debt securities issued by the Company. The details as required under the Regulation 30 read with Schedule III of the SEBI LODR Regulations are stated in Annexure A annexed hereto. The aforesaid information is also available on the website of the Company at www.spandanasphoorty.com.
The above information is a part of company’s filings submitted to BSE.
