Sparc Electrex Limited has rescheduled its board meeting to June 13, 2026, to approve the standalone audited financial results for the quarter and financial year ended March 31, 2026. The delay in submission is due to additional time required for the extensive reconciliation of inter-branch accounts and balance confirmations across multiple locations to ensure a true and fair view of the financial statements.

The meeting will be held at the company's registered office in Mumbai at 3:30 p.m. The company cited the need for these reconciliations as the reason for missing the stipulated timeline under Regulation 33 of the SEBI (LODR) Regulations, 2015. The disclosure of the delay is in compliance with SEBI Circular No.CIR/CFD/CMD-1/142/2018 dated November 19, 2018.

Key Meeting Details

The trading window for dealing in the company's securities, which was closed for directors and designated persons from April 01, 2026, continues to remain closed. It will reopen 48 hours after the declaration of the audited financial results approved by the board.

The company assured that all necessary steps are being taken to expedite the process and will provide timely updates regarding the declaration of the results. The intimation was signed by Shobith Ganesh Hegde, Managing Director.

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