SPA Capital Services Limited reported a net profit of ₹0.834 crore for the financial year ended March 31, 2026, a 69% increase from ₹0.494 crore in the previous year. Revenue from operations rose to ₹38.616 crore from ₹32.940 crore in FY25. The Board of Directors approved the audited financial results for the quarter and year ended March 31, 2026 in a meeting held on May 26, 2026.

The statutory auditors, M/s. DHANA & Associates, issued a qualified opinion on the standalone financial results. The qualification arises because the company did not provide interest expenses of ₹7,706 (in thousands) on outstanding loans and did not make a provision for loss assets amounting to ₹31,420 (in thousands). Adjusting for these qualifications, the net profit for the year would be ₹0.063 crore, and earnings per share would drop to ₹0.206.

Financial Performance

The company's total income for FY26 stood at ₹38.621 crore, up from ₹32.940 crore in the previous year. Total expenses for the year were ₹37.560 crore compared to ₹31.929 crore in FY25. For the quarter ended March 31, 2026, the company reported a net profit of ₹0.438 crore on a total income of ₹10.956 crore.

Audit Qualifications

The auditors identified two key departures from accounting standards and NBFC guidelines. First, the management did not accrue interest on loans taken, which understated expenses and liabilities. Second, the company failed to classify non-performing loans as loss assets and did not provide for them, overstating profit and loan assets. Management stated that interest was not provided due to ongoing disputes and operational issues with borrowers, expecting principal recovery.

SPA Capital Services Limited has filed its quarterly compliance certificate with BSE Limited, fulfilling mandatory regulatory requirements under SEBI (Depositories and Participants) Regulations, 2018. The submission, dated April 06, 2026, covers the quarter ended March 31, 2026 and demonstrates the company's adherence to securities market regulations.

Regulatory Compliance Filing

The certificate was submitted under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018, which mandates specific compliance reporting for listed companies. Company Secretary and Compliance Officer Vaishnavi Sharma (Membership No.: A76089) signed the submission on behalf of SPA Capital Services Limited.

Registrar Confirmation

MAS Services Limited, serving as the Registrar and Share Transfer Agent, issued the compliance certificate dated April 02, 2026. The certificate confirms that all securities received from Depository Participants for dematerialization during the specified quarter were processed within regulatory timelines.

Key Compliance Confirmations

The registrar confirmed several critical compliance aspects:

• Securities received for dematerialization were confirmed (accepted/rejected) to depositories within 15 days of receipt
• Security certificates received for dematerialisation were properly mutilated and cancelled after verification
• Depository names were substituted in the register of members as registered owners within the 15-day timeline
• Updates were provided to depositories and stock exchanges within the mandated timeframe
• Register of Members was appropriately updated for all transactions

Corporate Governance

The timely submission of this compliance certificate reflects SPA Capital Services Limited's commitment to maintaining proper corporate governance standards. The certificate was signed by Sharwan Mangla, General Manager at MAS Services Limited, confirming the registrar's oversight of dematerialization processes.

This quarterly filing ensures transparency in securities handling and demonstrates adherence to SEBI's regulatory framework designed to protect investor interests and maintain market integrity.