SPA Capital Services Limited has informed BSE about the sad demise of Mr. Rameshwar Dass Parwal, a promoter of the company. The intimation was filed on January 08, 2025, in compliance with Regulation 30 and 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Promoter Shareholding Details

Mr. Rameshwar Dass Parwal held a significant stake in the company at the time of his demise. The following table summarizes his shareholding position:

Regulatory Compliance and Impact

Following the demise, Mr. Parwal will cease to be part of the promoter group of the company in accordance with Regulation 31A(6)(c) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulatory provision automatically removes deceased promoters from the promoter group classification.

The company has indicated that the transmission of his shareholding to the nominee will be processed as per standard procedures. Until the conclusion of the transmission process, the shareholding will continue to be shown in Mr. Parwal's name in the company's records.

Filing Details

The intimation was signed by Ms. Vaishnavi Sharma, Company Secretary and Compliance Officer (Membership No.: A76089), and filed from New Delhi. The company has requested BSE to take this information on record as part of its disclosure obligations to maintain transparency with stakeholders and regulatory authorities.

SPA Capital Services Limited has informed the BSE about the death of Ms. Laxmi Devi Parwal, one of the company's promoters. The announcement was made on January 08, 2025, in compliance with SEBI regulations governing listed companies.

Promoter Shareholding Details

Ms. Laxmi Devi Parwal held a significant stake in the company at the time of her death. Her shareholding details are outlined below:

Regulatory Compliance and Impact

The company has filed the necessary intimation under Regulation 30 and 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. According to these regulations, Ms. Parwal will cease to be part of the promoter group following her death, as mandated under Regulation 31A(6)(c).

Share Transmission Process

SPA Capital Services has indicated that the transmission of Ms. Parwal's shareholding to her nominee will be processed in accordance with standard procedures. The company has clarified that her shares will continue to be shown in her name until the transmission process is formally completed. This ensures proper documentation and legal compliance during the ownership transfer.

Corporate Communication

The formal communication was signed by Ms. Vaishnavi Sharma, Company Secretary and Compliance Officer (Membership No.: A76089), from the company's New Delhi office. The notification was addressed to BSE Limited's Corporate Relationship Department, ensuring all stakeholders are informed of this development.

This development represents a change in the company's promoter group structure, though the actual impact on shareholding distribution will depend on the completion of the transmission process to the designated nominee.