Spandana Sphoorty Financial Limited announced that in furtherance to above referred letter, informed that pursuant to the provisions of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Management Committee of the Board of Directors of the Company at their meeting held on March 10, 2022 has, pursuant to the authority entrusted by the Board of Directors and within the limits as approved by the Members of the Company vide Special Resolution passed at the 18th Annual General Meeting held on September 28, 2021 on Private Placement basis, in accordance with the provisions of Sections 42 and 71 of the Companies Act, 2013 and the applicable provisions of Securities and Exchange Board of India (Issue and Listing of Non-Convertible Securities) Regulations, 2021, inter-alia approved the issuance of Rated, Listed, Secured, Redeemable, Non-Convertible Debentures having a face value of INR 10,00,000/- (Rupees Ten lakh only) each, aggregating upto INR 35,00,00,000/- (Rupees Thirty-Five Crore Only) on private placement basis.