5427592026-08-145427592026-08-142026-08-145427592026-08-142026-08-14AmalgamatedEntityDomain15427592026-08-14AmalgamatedEntityDomain15427592026-08-142026-08-14AmalgamatedEntityDomain25427592026-08-14AmalgamatedEntityDomain2xbrli:purexbrli:shares542759SPANDANA SPHOORTY FINANCIAL LIMITEDSPANDANANOTLISTEDINE572J01011NewAmalgamation/ Mergertrue2026-08-1403:30:002026-08-14Criss Financial LimitedTransferorMaterial SubsidiaryRevenue from Operations for the year ended March 31, 2026 (in INR crores) - 150.86 Net Worth for the year ended March 31, 2026 (in INR crores)- 233.11156712641400015671268100000000Spandana Sphoorty Financial LimitedTransfereeListed Entity (self)Revenue from Operations for the year ended March 31, 2026 (in INR crores) - 906.59 Net Worth for the year ended March 31, 2026 (in INR crores) 2,193.75426863360.4816459531700.518400886395061426863360.4816459531700.518400886395061falsetrueThe Transferor Company is a wholly owned subsidiary of the Transferee Company. Both companies have certain common directors; however, none of the directors hold any shareholding interest in the Transferor CompanytrueSpandana Sphoorty Financial Limited (SSFL) is primarily engaged in the business of lending, providing small value unsecured loans to low-income customers in semi-urban and rural areas. SSFL is registered as a non-deposit accepting non-banking financial company with the Reserve Bank of India and is classified as a Non-banking Financial Company – Micro Finance Institution effective April 13, 2015 bearing registration number N-09.00414. Criss Financial Limited (CFL) is primarily engaged in the business of finance by providing individual loans, nano enterprise loans and loans against property. CFL is registered with the RBI as Non- Banking Financial Company – Investment and Credit Companies bearing registration number B-09.00337. SSFL is primarily engaged in the business of unsecured lending and CFL is primarily engaged in the business of secured lending.The Amalgamation pursuant to this Scheme would, inter alia, have the following benefits: (a) reduce duplicity of costs and resources through common infrastructure, field force, and risk management practices, back-office/support function synergies, single compliance framework, and shared technology systems; (b) revenue and cost synergies including diversified mix of secured and unsecured products, wherein loan against property and small ticket secured loans originated by CFL will enhance the overall risk-adjusted yield profile of the consolidated entity; (c) increase in long-term value by consolidating secured and unsecured lending under one entity, improving capital deployment and enhancing capital adequacy by pooling resources and removing structural overlaps; (d) enabling entry into previously untapped markets, products and demographics, with customer sourcing now also including customers for products other than microfinance thus improving productivity of field staff and branches as well as aiding in improving branch level profitability; (e) simplification of the group structure and streamlining of business operations and decision-making process and greater economies of scale and enhanced geographical reach, resulting in optimal and efficient utilization of capital; (f) reduction in compliance costs for accounting, auditing, board meetings, secretarial procedures, etc. due to unification and streamlining of management of legal and regulatory compliances through a single compliance framework and simplified governance; (g) growth enablement by providing scale and brand visibility to accelerate the combined entity’s growth across geographies, reducing business risk by diversifying revenue lines across multiple products and customer base including growing a secured portfolio which can be funded at a lower borrowing cost, thereby helping the organization reduce its overall borrowing costs. (h) the amalgamation would ensure long term value creation and is in the best interest of the Transferor Company, the Transferee Company and their respective stakeholders.OthersNot applicable as CFL is a wholly owned subsidiary of the SSFL and pursuant to the Scheme coming into effect, all shares held by SSFL in CFL would stand cancelled and no consideration would pass from SSFL.Not applicable since CFL is a wholly owned subsidiary of SSFL and no shares will be issued under the Scheme; hence, the pre and post amalgamation shareholding pattern of SSFL would remain the same.NA