Spandana Sphoorty Financial : Disclosure of other UPSI/material event

Ref: SSFL/Stock Exchange/2022-23/066

Date: September 08, 2022

To	To
BSE Limited,	National Stock Exchange of India Limited,
Department of Corporate Services	Listing Department
P. J. Towers, 25th Floor,	Exchange Plaza, C-1, Block G
Dalal Street,	Bandra Kurla Complex, Bandra (E)
Mumbai - 400001	Mumbai - 400051
Dear Sir/Madam,

Sub: Disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations

• Disclosure Requirements) Regulations, 2015 (SEBI LODR Regulations) - Grant of ESOP Ref: Regulation 30 read with Schedule III of the SEBI LODR Regulations.

Pursuant to Regulation 30 read with Schedule III of the SEBI LODR Regulations, we hereby inform that the Nomination and Remuneration Committee of the Board of Directors of the Company at its meeting held on Thursday, September 08, 2022, inter-alia approved the grant of 1,60,000 stock options (which would get converted into 1,60,000 equity shares of the Company upon exercise) to the eligible employees of the Company under Spandana Employee Stock Option Plan 2021 Series A and Spandana Employee Stock Option Scheme 2021 Series A.

The brief details of the stock options granted are enclosed as Annexure-A.

Kindly take the same on record.

Thanking You,

Yours Sincerely.

For Spandana Sphoorty Financial Limited

Ramesh	Digitally signed by
Ramesh Periasamy
Periasamy	17:41:37 +05'30'
	Date: 2022.09.08

Ramesh Periasamy

Company Secretary and Compliance Officer

Encl: as above

Spandana Sphoorty Financial Limited

CIN ‐ L65929TG2003PLC040648

Plot No.31 & 32, Ramky Selenium Towers, Tower A, Ground Floor,

Financial Dist, Nanakramguda, Hyderabad ‐ 500 032

Ph: +9140‐45474750

[e-mail], www.spandanasphoorty.com

Annexure-A

Brief details of options

Grant of 1,60,000 stock options under Spandana Employee Stock Option Plan

granted

2021 Series A and Spandana Employee Stock Option Scheme 2021 Series A

("ESOP 2021 Series A") to the eligible employees of the Company as

determined by the Nomination and Remuneration Committee. 50% of total

options granted to the eligible employee shall be considered as 'Time

Options' and balance 50% of the total options granted shall be considered as

'Performance Options'.

Whether the scheme is in

ESOP 2021 Series A is in compliance with the Securities and Exchange Board

terms of SEBI (SBEB)

of India (Share Based Employee Benefits and Sweat Equity) Regulations,

Regulations, 2021

2021.

Total number of shares

1,60,000 Equity Shares, each stock option confers upon the option holder the

covered by these options

right to subscribe for 1 (one) fully paid equity share of the Company upon

exercise of the option.

Pricing formula/ Exercise

As per ESOP 2021 Series A

Price

Options vested/Vesting

Vesting Schedule:

Schedule

The Options shall vest as per the below schedule:

i.Time Options

Particulars

Vesting Schedule

First anniversary from the Grant

25%

of

total

Time

Options

Date

granted

Second

anniversary

from

the

25%

of

total

Time

Options

Grant Date

granted

Third anniversary from the Grant

25%

of

total

Time

Options

Date

granted

Fourth

anniversary

from

the

25%

of

total

Time

Options

Grant Date

granted

ii.Performance Options

Particulars

Maximum

options entitled

for

vesting

based

on

annual

performance rating

First anniversary from the Grant

25%

of

total

performance

Date

Options granted

Second

anniversary

from

the

25%

of

total

performance

Grant Date

Options granted

Third anniversary from the Grant

25%

of

total

performance

Date

Options granted

Fourth

anniversary

from

the

25%

of

total

performance

Grant Date

Options granted

Such performance options shall vest annually upon meeting the individual

performance rating upon completion of annual performance cycle:

Individual Performance Rating

Vesting per Year (%) of

performance options which

are

entitled to vest as per above clause

Rating 1

100 (Hundred)%

Spandana Sphoorty Financial Limited

CIN ‐ L65929TG2003PLC040648

Plot No.31 & 32, Ramky Selenium Towers, Tower A, Ground Floor,

Financial Dist, Nanakramguda, Hyderabad ‐ 500 032

Ph: +9140‐45474750

[e-mail], www.spandanasphoorty.com

		Rating 2	80	(Eighty)%
		Rating 3	50	(Fifty)%
		Rating 4	0 (Zero)%
		Rating 5	0 (Zero)%
Time within which option	Options can be exercised within 9 (Nine) years from the Grant Date.
may be exercised

Spandana Sphoorty Financial Limited

CIN ‐ L65929TG2003PLC040648

Plot No.31 & 32, Ramky Selenium Towers, Tower A, Ground Floor,

Financial Dist, Nanakramguda, Hyderabad ‐ 500 032

Ph: +9140‐45474750

[e-mail], www.spandanasphoorty.com