Spandana Sphoorty Financial Limited announced that Mrs. Padmaja Gangireddy vide her e-mail dated May 26, 2023 has (i) Tendered her resignation as Non-Executive Director of the company with effect from May 27, 2023 and (ii) Requested the Company to declassify herself as Promoter of the Company. The resignation of Mrs. Padmaja Gangireddy and her request to declassify as Promoter of the Company has been noted and taken on record by the Board of Directors of the Company and requisite formalities in this regard are being initiated in accordance with the extant regulations.