Sparc Electrex Limited informed the Bombay Stock Exchange of the demise of its Independent Director, Mr. Ashok Chhaganbhai Patel. The company disclosed that he passed away on August 15, 2026, due to a sudden cardiac attack.

The disclosure was made in compliance with Regulation 30(2) and (6) read with Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Director Details

Mr. Patel held the DIN 08024669. The company described his unexpected death as an irreparable loss and expressed deep sympathy to the bereaved family.

Regulatory Compliance

The intimation was issued under SEBI Master Circular HO/49/14/14(7)2025-CFDPOD2/I/3762/2026 dated January 30, 2026. The Managing Director, Shobith Ganesh Hegde (DIN: 02211021), signed the communication.

Sparc Electrex reported zero revenue for the quarter ended June 30, 2026, marking a complete contraction from the ₹9.6 lakh logged in the corresponding quarter of FY25. Despite the absence of operational income, the company’s financial loss narrowed significantly, declining to ₹5.14 lakh from ₹65.65 lakh year-on-year.

The standalone unaudited results were approved by the board of directors at a meeting held on August 14, 2026. The limited review of the financials was carried out by the statutory auditor in accordance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance

The company recorded no income from operations or other revenues for the current quarter. This stands in contrast to the previous quarter ended March 31, 2026, where it reported minimal income of ₹0.19 lakh. For the full year ended March 31, 2026, total income stood at ₹73.07 lakh.

Earnings per share (basic) stood at (₹0.05) for the quarter, an improvement from the (₹0.65) recorded in Q1FY26. Diluted EPS was reported at (₹0.03). The equity share capital remained unchanged at ₹1,248.59 lakh.

What the Numbers Show

The divergence between the revenue collapse and the narrowing loss indicates that while operational activity has ceased or paused in the current quarter, fixed overheads or non-operational expenses have also decreased substantially compared to the prior year. In Q1FY26, the company generated ₹9.60 lakh in revenue but incurred a ₹65.65 lakh loss. In Q1FY27, with zero revenue, the loss shrank to ₹5.14 lakh, suggesting a significant reduction in cash burn or operating costs during the period.