Intimation- Resignation of Independent Director
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Mr. Mahaveer Prasad Mundhra (DIN: 00642941) has resigned from the position of Independent Director of SPA Capital Services Ltd, effective November 14, 2025. The reason cited is his engagement in other personal and professional assignments. The director confirmed that there are no other material reasons behind his resignation. The intimation was signed by Sandeep Parwal, Chairman cum Managing Director, after a board meeting that ran from 11:00 AM to 5:00 PM on November 19, 2025.
This is a routine, single independent director exit with no governance red flags or controversial reasons cited. Shareholders should monitor whether a replacement independent director is appointed within the SEBI-mandated timeline to maintain board composition compliance.