SPA Capital Services Shareholders Approve Promoter Reclassification Resolution

1 min read Updated on 10 Nov 2025, 04:01 PM

Reviewed by

Jubin VScanX News Team

Overview

SPA Capital Services Limited received unanimous shareholder approval for reclassifying certain promoters to the public category during an EGM on December 5, 2025. Mr. Kamal Kishore Somani and Kamal Kishore Somani HUF, both with 0.00% shareholding, will be moved from 'Promoter' to 'Public' category. The company confirmed compliance with SEBI regulations for this reclassification, which was previously approved by BSE Limited.

*this image is generated using AI for illustrative purposes only.

SPA Capital Services Limited has successfully obtained shareholder approval for the reclassification of certain promoters to the public category during an Extraordinary General Meeting (EGM) held on December 5, 2025.

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

Voting Outcome

The resolution for reclassification received unanimous approval, with 100% of the votes cast in favor. A total of 23,67,15 votes were recorded through remote e-voting and ballot paper voting. The voting process was overseen by scrutinizer Mohan Upreti.

Approved Reclassification

The shareholders have approved the reclassification of the following individuals from the 'Promoter' category to the 'Public' category:

Name	Previous Category	New Category	Shareholding
Mr. Kamal Kishore Somani	Promoter	Public	0.00
Kamal Kishore Somani HUF	Promoter	Public	0.00

Regulatory Compliance

SPA Capital Services had 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 had previously received a no-objection letter from BSE Limited for this reclassification request on October 9, 2025.

Implications

This approved reclassification alters 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 their classification with their current role.

The successful passing of this resolution marks an important corporate action for SPA Capital Services Limited, potentially impacting its governance structure and public perception.

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