S. P. Capital Financing Limited announced at its board meeting held on February 13, 2020 the resignation of Siddharth Sugyan Chandra Bharill as Independent Non- executive Director with immediate effect due to preoccupation. Dhannalal Premchand Jain resigned as Non Independent, Non executive Director with immediate effect due to preoccupation. Rajender Ladakchand Jain appointed as Independent Non- executive Director on the board directors for a term of five years with effect From February 13, 2020 up to February 12, 2024, subject to approval of shareholders of the company.