Announced Thu, 8 Jan · 12:23 IST
Intimation of death of Ms. Laxmi Devi Parwal (Promoter of the Company)
Ownership Changes View source PDF
Price
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Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
SPA Capital Services Ltd has informed BSE about the passing of Ms. Laxmi Devi Parwal, one of its promoters. She held 26,250 equity shares in the company, representing 0.85% of total shareholding. As per SEBI LODR Regulations, she will cease to be part of the promoter/promoter group. Her shares will remain in her name until the transmission process to her nominee is completed.
Likely market impact
This is a routine disclosure with minimal impact on shareholders, as the 0.85% holding is small and will be passed on to a legal nominee through transmission rather than going to the open market.