Spa Capital Services Ltd - Clarification Regarding Adoption Of IND AS For The First Time From The Financial Year 2019-2020 In Relation To The Financial Results For The Quarter Ended June 30, 2019

As per Regulation 33 of the SEBI (LODR) Regulations, 2015, the Company is required to submit its Quarterly Financial results to the Stock Exchange within a period of 45 days from the end of the relevant quarter. Accordingly, the Board Meeting for approval of the financial results is required to be held on or before August 14, 2019. As per Rule 4(1)(iv)(b)(A) of the Companies (Indian Accounting Standards) Rules, 2015, Ind AS is applicable to the Company being an NBFC from April 01, 2019 onwards. The Company has adopted Ind AS for the first time for the financial year 2019-20. Hence, in accordance with the relaxation granted under clause 2.6.1 of SEBI Circular CIR/CFD/FAC/62/2016 dated July 05, 2016,the Company may submit the financial results for the quarter ended June 30, 2019 till September 14, 2019. You are hereby requested to note that the Company will hold its Board Meeting for approval of the financial results for the quarter ended June 30, 2019 on or before September 14, 2019.

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Source : BSE - www.bseindia.com