Intimation of death of Mr. Rameshwar Dass Parwal (Promoter of the Company)
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SPA Capital Services Ltd has informed BSE about the passing of Mr. Rameshwar Dass Parwal, one of its promoters. He held 26,250 equity shares, representing 0.85% of the company's equity. Following his demise, he will cease to be part of the promoter/promoter group under SEBI regulations. His shareholding will be transmitted to his nominee, and until that process is completed, the shares will continue to appear in his name.
This is a personal event with minimal impact on the company's shareholding structure, as the deceased promoter held only 0.85% stake. The transmission of shares to a nominee should not materially affect the stock price or shareholder value.