Intimation of receipt of no-objection for reclassification from the promoter category to the public category under Regulation 31A of the SEBI (LODR) Regulation, 2015
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
SPA Capital Services Ltd has received BSE approval for reclassifying Mr. Kamal Kishore Somani and Kamal Kishore Somani HUF from the 'Promoter' category to the 'Public' category under SEBI LODR Regulation 31A. Both reclassified entities currently hold 0 equity shares (0% holding) in the company. The original application was filed on February 18, 2025, and the no-objection letter was issued by BSE on October 9, 2025. The reclassification is more of a formal category change since neither party holds any shares in the company.
This is largely a procedural/administrative change with no material impact on shareholding or stock price, as the outgoing 'promoters' already hold zero shares. It clarifies the promoter group composition going forward and may reduce the perceived promoter base of the company.