Spandana Sphoorty Approves Amalgamation of CFL, Appoints Experienced Independent Director
Spandana Sphoorty Financial Limited (SSFL) has announced key outcomes from its board meeting held on August 14, 2026. The Board approved the amalgamation of Criss Financial Limited (CFL), a wholly owned subsidiary, with the Company. Additionally, SSFL appointed Mr. Neeraj Swaroop as an Additional Director in the capacity of Independent Director.The company’s decision to bring CFL into its structure is intended to enhance operational efficiencies and strengthen its lending portfolio. The merger is subject to the sanction of the National Company Law Tribunal (NCLT) and requisite approvals from shareholders.Key Changes in Board Composition
The...