Spandana Sphoorty Sells ₹494 Cr Stressed Loans, Raises ₹415 Cr NCDs Amid Losses

• Spandana Sphoorty transferred ₹493.55 crore stressed loans to an ARC for ₹34.55 crore via Swiss Challenge method.
• The move aims to clean up the balance sheet amidst asset quality and profitability pressures.
• Company also approved ₹415 crore non-convertible debentures (NCDs) through private placement to boost funding.
• Venkatesh Krishnan was appointed MD & CEO, effective November 27.
• Q2 FY2026 saw net sales drop 66.56% to ₹229.55 crore and net loss widen to ₹249.13 crore.

Why It Matters: Spandana Sphoorty takes steps to clean balance sheet and raise funds despite significant Q2 losses.