Spandana Sphoorty Financial542759Cybersecurity incident
Forensic audit initiated into cyber fraud of about ₹7.80 crore
Spandana Sphoorty has engaged PKF Consulting Services LLP to run a forensic audit into the cyber fraud where about ₹7.80 crore was moved out of one bank account on November 1.
By ScoutQuest · · 1 min read
- Fraud amount
- about ₹7.80 crore
- Incident date
- November 1, 2026
- Forensic auditor
- PKF Consulting Services LLP
What was announced
- Spandana Sphoorty Financial Limited has engaged PKF Consulting Services LLP for initiating a forensic audit and investigation into the cybersecurity incident identified on November 1, 2026.
- The company has described the entity running the audit as Spandana Sphoorty Financial Limited itself, with PKF Consulting Services LLP engaged for the exercise.
Background of the incident
- An earlier intimation had told the exchanges about a cyber fraud involving unauthorised transactions from one of the company's bank accounts on November 1, 2026.
- Those transactions aggregated to approximately ₹7.80 crore and the funds were transferred to multiple beneficiary accounts.
Scope of the forensic audit
- To undertake an independent forensic investigation to ascertain the root cause of the incident.
- To recommend appropriate remedial and preventive measures to strengthen the company's cybersecurity framework.
What the company said about operations
- Business operations are continuing as usual.
- The incident has not had a material impact on its business operations.
How a retail investor can read this
- The update confirms an external, independent investigation is now formally under way into how the fraud happened, and that recommendations are expected on preventing a repeat.
- The money involved is stated as approximately ₹7.80 crore of unauthorised transactions from one bank account.
- The company's own statement is that day-to-day operations are unaffected and the impact is not material to business operations.
What to watch
- The findings of the forensic investigation and the remedial and preventive measures that follow.
- Any further exchange disclosure on the incident and the outcome of the investigation.
Also from Spandana Sphoorty Financial
Reminder-cum-forfeiture notice dispatched for ₹115.00 first and final call on partly paid shares
6 Nov 2026
Q2 FY27 call: AUM INR5,364 crores, GNPA 2.5%, PAT INR18 crores
5 Nov 2026
Cyber fraud: unauthorised debits of about ₹7.80 crore from one bank account
2 Nov 2026
More numbers
- Amount of unauthorised transactions from one bank account₹7.80 crore
Source: BSE · 7 Nov 2026
Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.