Sparc Electrex Limited appointed three Additional Non-Executive Independent Directors and accepted the resignation of an existing independent director following a board meeting on June 6, 2026. The Board appointed Mr. Jayantilal Raghunathram Suthar, Mr. Rohit Bhatia, and Ms. Asha Shravan Kumar Khedia as Additional Non-Executive Independent Directors, effective June 6, 2026. The company also re-appointed M/s. Rajesh H Gupta & Co. as its internal auditor for the financial year 2026-27.

New Director Appointments

The appointments of Mr. Jayantilal Raghunathram Suthar (DIN: 07265227), Mr. Rohit Bhatia (DIN: 10942375), and Ms. Asha Shravan Kumar Khedia (DIN: 11743210) are subject to the approval of the shareholders. The term for each appointment as an Independent Director is for a period of five years. Ms. Asha Khedia has been appointed specifically as an Additional Non-Executive Independent Women Director.

Resignation of Independent Director

Mr. Niraj Hareshbhai Variava (DIN: 09197068) resigned from the post of Non-Executive Independent Director, effective from the close of business hours on June 7, 2026. The resignation follows the completion of his present tenure of five years as an Independent Director. The Board placed on record its appreciation for his contribution during his association with the company.

Internal Auditor Reappointment

M/s. Rajesh H Gupta & Co. (FRN: 133884W), Chartered Accountants, was re-appointed as the Internal Auditor for F.Y. 2026-27. The appointment is based on the recommendations of the Nomination and Remuneration Committee and is for a term of one year to conduct the internal audit.

Board and Committee Changes

Sparc Electrex Limited formally notified BSE Limited about the resignation of Executive Director Mr. Suresh Vishwanathan on 24th April 2026, in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The resignation was attributed to preoccupancy, with the director confirming no other material reasons beyond those mentioned in his resignation letter.

Executive Director Resignation Details

Mr. Suresh Vishwanathan submitted his resignation from the position of Executive Director effective from the closing hours of 24th April 2026. The company's Managing Director, Shobith Ganesh Hegde, signed the official communication to BSE Limited, ensuring regulatory compliance under the listing regulations.

Regulatory Compliance and Documentation

The company fulfilled its regulatory obligations by submitting comprehensive documentation to BSE Limited, including the resignation letter and detailed annexure as required under SEBI circular guidelines. The notification was digitally signed by Managing Director Shobith Ganesh Hegde and submitted with proper corporate authentication.

Corporate Governance and Transparency

The resignation follows proper corporate governance protocols, with the departing director providing written confirmation that no material reasons exist beyond preoccupancy. The company's registered office at Esperanza Building, Bandra West, Mumbai, served as the venue for processing the resignation documentation. This leadership change demonstrates the company's commitment to transparent disclosure practices and regulatory compliance in managing executive transitions.