SPA Capital Services to Hold EGM for Promoter Reclassification
SPA Capital Services Limited has announced an EGM on December 5, 2025, to seek shareholder approval for reclassifying certain promoters to the public category. The meeting aims to reclassify Mr. Kamal Kishore Somani and Kamal Kishore Somani HUF, both holding 0.00% shares, from 'Promoter' to 'Public' category. The company has confirmed compliance with SEBI regulations for this reclassification. E-voting will be available from December 2 to December 4, 2025.
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SPA Capital Services Limited has announced an Extraordinary General Meeting (EGM) scheduled for December 5, 2025, to seek shareholder approval for the reclassification of certain promoters to the public category. The meeting will take place at the company's registered office in New Delhi.
Key Details of the EGM
- Date and Time: December 5, 2025, at 11:00 AM
- Venue: 25 C-Block Community Centre, Janakpuri, New Delhi-110058
- Purpose: To consider and approve the reclassification of promoters under Regulation 31A of SEBI (LODR) Regulations, 2015
Proposed Reclassification
The company is seeking to reclassify the following individuals from the 'Promoter' category to the 'Public' category:
| Name | Current Category | Proposed Category | Shareholding |
|---|---|---|---|
| Mr. Kamal Kishore Somani | Promoter | Public | 0.00 |
| Kamal Kishore Somani HUF | Promoter | Public | 0.00 |
Regulatory Compliance
SPA Capital Services has confirmed that the outgoing promoters meet all conditions specified in Regulation 31A of SEBI (LODR) Regulations, 2015, including:
- Not holding more than 10% of the total voting rights in the company
- Not exercising control over the affairs of the company
- Not having any special rights through formal or informal arrangements
- Not being represented on the Board of Directors
- Not acting as key managerial personnel in the company
The company has already received a no-objection letter from BSE Limited for this reclassification request on October 9, 2025.
E-Voting Details
Shareholders can participate in the decision-making process through e-voting:
- E-voting Start: December 2, 2025, at 9:00 AM
- E-voting End: December 4, 2025, at 5:00 PM
Implications
This reclassification, if approved, will alter the company's promoter structure without changing the overall shareholding pattern. It reflects the reduced involvement of the outgoing promoters in the company's affairs and aligns the classification with their current role.
Shareholders are encouraged to review the detailed notice and explanatory statement provided by the company before casting their votes on this important corporate action.
Historical Stock Returns for SPA Capital Services
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -4.98% | -7.59% | +14.21% | +61.35% | +86.94% | +270.99% |
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