Sparc Electrex Limited has issued a Postal Ballot Notice dated August 5, 2026, under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, seeking shareholder approval through special resolutions for the appointment of three independent directors. All three candidates were initially appointed as Additional Directors by the Board of Directors on June 6, 2026, and their appointments were recommended by the Nomination and Remuneration Committee. The notice was signed by Managing Director Shobith Ganesh Hegde (DIN: 02211021) from the company's registered office in Mumbai.

Proposed Appointments via Postal Ballot

The postal ballot seeks approval for the appointment of the following three individuals as independent directors, each for a first term of 5 consecutive years with effect from June 6, 2026 to June 5, 2031. The following table summarises the key details of the proposed appointees:

Profiles of the Proposed Independent Directors

Ms. Asha Shravan Kumar Khedia is a Practicing Company Secretary with over 13 years of professional experience in Taxation and Corporate Advisory. She has received multiple "Letters of Appreciation" from the Principal Director General of Income Tax for dedicated service at the Income Tax Lounge, Mumbai. The Board is of the opinion that she possesses the requisite core skills, capabilities, and competencies required for the role.

Mr. Jayantilal Raghunathram Suthar is a qualified Company Secretary and Cost Accountant with overall 15 years' experience in the fields of Accounts, Audit, Taxation, and Corporate laws. His appointment was also necessitated to maintain the composition of the Board following the resignation of Mr. Niraj Hareeshbhai Variava (DIN: 09197068) as an Independent Director with effect from the closing hours of June 7, 2026, upon completion of his tenure.

Mr. Rohit Bhatia is a Practicing Company Secretary with more than 5 years of hands-on experience in Corporate Governance, Board processes, Statutory compliances, and Regulatory matters under the Companies Act, 2013 and Allied laws. His domain of expertise includes advisory services to companies on Board effectiveness, Compliance Risk Management, and Regulatory strategy, along with appearances before the Registrar of Companies (ROC), Regional Director (RD), and National Company Law Tribunal (NCLT).

E-Voting Schedule and Process

The notice has been sent exclusively through electronic mode to all members whose names appear in the register of beneficial owners as on the cut-off date of Friday, July 31, 2026. No physical copies of the Postal Ballot Notice or forms will be dispatched, and no physical ballot forms will be accepted. The company has engaged Central Depository Services (India) Limited (CDSL) as the e-voting agency. The key dates for the e-voting process are as follows:

M/s. Pankaj Trivedi (Membership No. 30512, COP No. 15301), Practicing Company Secretary of M/s. Pankaj Trivedi & Co., Company Secretaries, Mumbai, has been appointed as the Scrutinizer to conduct the postal ballot process in a fair and transparent manner. The results of the e-voting will be displayed on the company's website at www.sparcelectrex.in and on the CDSL website at www.evotingindia.com , and will simultaneously be communicated to the Stock Exchanges.

Regulatory Compliance

All three appointments are being sought through special resolutions pursuant to Sections 149, 150, and 152 read with Schedule IV of the Companies Act, 2013, and in terms of Regulation 25(2A) of the SEBI Listing Regulations. Each of the proposed directors has submitted a declaration confirming compliance with independence criteria under Section 149(6) of the Companies Act, 2013, and Regulation 16(1)(b) of the SEBI Listing Regulations. All three have also confirmed they are not debarred from holding the office of Director by virtue of any SEBI order or any other regulatory authority. The Postal Ballot Notice is also accessible on the company's website at www.sparcelectrex.in/public-announcements and on the BSE website at www.bseindia.com .

Sparc Electrex Limited accepted the resignation of Independent Director Sushmita Swarup Lunkad effective from the closing hours of August 5, 2026, citing professional and personal preoccupations. The Board of Directors also approved shifting the company’s registered office within Mumbai to B-307, Hind Saurashtra Industrial Estate, Andheri (East), and authorized the dispatch of a Postal Ballot notice to shareholders. These administrative updates ensure continuity in corporate governance while updating key operational infrastructure details under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The Board authorized Managing Director Shobith Ganesh Hegde and Company Secretary Niki Singh to finalize and dispatch the Postal Ballot notice. This mechanism allows shareholders to vote on specific resolutions outside the Annual General Meeting framework. The company appointed M/s Pankaj Trivedi & Company (Mem No. A30512), Practicing Company Secretary, as the scrutinizer to monitor the e-voting process, ensuring transparency and compliance with regulatory standards. Mr. Hegde and Ms. Singh were designated as responsible for overseeing the entire poll process.

Governance and Personnel Changes

Ms. Lunkad (DIN: 09044848) stepped down from her position as an Independent Director along with all associated committee memberships and chairmanships. In her resignation letter, she confirmed that there are no material reasons for her departure other than those stated. The Board acknowledged her resignation and initiated necessary statutory compliances, including filings with the Registrar of Companies and disclosures to stock exchanges as per SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015, and SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.

Operational Updates

The Board approved shifting the company’s registered office within the local limits of Mumbai. The new address will be B-307, Hind Saurashtra Industrial Estate, Sir M. V. Road, Nr. Mittal Estate, J B Nagar, Marol, Andheri (East), Mumbai - 400059. This move replaces the previous location at 1202, 12th Floor, Esperanza Building, Bandra (West). The change aims to streamline operational logistics while maintaining the company’s presence in the same metropolitan area.

Postal Ballot Timeline

Shareholders are advised to note the critical dates for the upcoming Postal Ballot. The voting process is structured to provide ample time for investor participation and scrutiny.