Spandana Sphoorty discloses Rs 7.80 crore cyber fraud on its bank account
Spandana Sphoorty Financial said in an exchange filing that about Rs 7.80 crore was debited from one of its bank accounts in unauthorised transactions on 1 November 2026.
Key points
- Spandana Sphoorty Financial told the stock exchanges on 2 November 2026 that it had identified a cyber fraud on one of its bank accounts.
- The company said about Rs 7.80 crore went out on 1 November 2026 in multiple transactions to 82 beneficiary accounts.
- The company said it has asked its bank to reverse the transactions, filed a cyber crime complaint and is making an insurance claim.
Photo: Spamguy at English Wikipedia / Wikimedia Commons, CC BY 2.5 (cropped). Representational image.
Spandana Sphoorty Financial Limited said in a filing with the stock exchanges on 2 November 2026 that it had identified a cyber fraud involving unauthorised transactions debited from one of its bank accounts on 1 November 2026. According to the company, the transactions totalled approximately Rs 7.80 crore and were sent to 82 beneficiary accounts. The company said the persons involved are under investigation.
What Happened
The company made the disclosure to BSE and the National Stock Exchange under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. In the filing, the company said the money was debited in multiple transactions during the day on 1 November 2026 and transferred to multiple beneficiary accounts. It described the nature of the fraud as "unauthorised transactions through a cyber fraud, details under investigation".
The company said that, on identifying the incident, it immediately stopped the affected services in its production environment. It said it reported the matter to its bank, asking for the transactions to be reversed, the beneficiary accounts to be frozen and a detailed investigation. According to the filing, a complaint was registered on the National Cyber Crime Reporting Portal (helpline 1930) on 1 November 2026, and other authorities are being informed.
The company said it holds insurance for cyber fraud and is filing a claim with its insurer. It put the estimated impact on the company at approximately Rs 7.80 crore, and the estimated amount involved at Rs 7.80 crore across multiple transactions to 82 beneficiary accounts.
What It Means
The filing sets out the amount involved and the steps the company has taken so far. It does not say how much of the amount has been recovered, and it gives no figure for the insurance claim. The company said it is investigating the matter and will inform the exchanges of any developments, including recoveries and the outcome of the investigation, as the inquiry progresses.
Source: Company filing on BSE
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Sources & Citations
- Company filing on BSE — BSE Limited