SPA Capital Services has been penalized twice by BSE for minor procedural delays.

One penalty was for a one-day delay in a reclassification application, attributed to an outdated checklist.

The other was for a delayed shareholder complaints statement, due to technical issues with a new filing system.

Importantly, the company states these penalties have no material impact on its operations or financials beyond the penalty amounts, suggesting these are minor compliance hiccups.