Spandana Sphoorty Financial Limited inform that the Management Committee of the Board of Directors of the Company at its meeting held on, May 21, 2022 has inter-alia considered and approved the following: issuance of Secured, Unsubordinated, Rated, Transferable, Listed, Redeemable, Non-Convertible Debentures for a nominal value of up to INR 10,00,000/- (Rupees Ten Lakh only) per debenture aggregating upto INR 75,00,00,000/- in three series on private placement basis.