Spandana Sphoorty Financial Announces Final Call on Partly Paid-Up Shares

Spandana Sphoorty Financial Limited has approved the first and final call on its outstanding partly paid-up equity shares, originally issued via a rights issue on July 18, 2025. The call amount is ₹115.00 per share, comprising a face value of ₹5.00 and a premium of ₹110.00.

What just happened

The company's Board of Directors has decided to collect the remaining amount due on partly paid-up equity shares. This action finalizes the paid-up status of these shares.

Why this matters

For shareholders holding these specific partly paid-up shares, this means a final payment obligation is due. The record date of August 19, 2026, is crucial for identifying eligible shareholders who will receive the call notice.

The backstory

These partly paid-up shares were issued on a rights basis, with a Letter of Offer dated July 18, 2025. The ISIN for these shares is IN9572J01019.

What changes now

Shareholders identified on the record date will be formally notified to make the final payment of ₹115.00 per share to convert their holdings into fully paid-up equity shares.

Risks to watch

Failure to make the final payment by the due date could lead to forfeiture of the shares, as per company policy.

Peer comparison

This is a specific corporate action related to a rights issue and does not directly impact peers unless they have similar ongoing partly paid-up share obligations.

Context metrics (time-bound)

• First and Final Call Amount per share: ₹115.00
• Face Value component: ₹5.00
• Premium component: ₹110.00
• Record Date: August 19, 2026
• Rights Issue Letter of Offer Date: July 18, 2025
• ISIN: IN9572J01019

What to track next

Investors should watch for the official call notice and subsequent payment instructions, and ensure timely payment by the stipulated deadline.