Sparkle Gold Rock Limited has appointed Durga Pallavi Tekumalla as a Non-Executive Independent Director for a first term of five consecutive years. The appointment is subject to approval by shareholders at the 35th Annual General Meeting.

The Nomination and Remuneration Committee recommended the appointment, which was subsequently noted and approved by the Board of Directors. This disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and relevant SEBI circulars regarding director appointments.

Director profile and expertise

Tekumalla is a qualified Company Secretary and holds a Master's degree in Law. She brings over 18 years of experience in corporate compliance, secretarial practices, and regulatory filings. Her professional background includes managing board meetings, statutory filings, investor relations, and SEBI compliance.

Her expertise extends to legal documentation, corporate governance, regulatory liaison, financial reporting, drafting agreements, and taxation-related matters. The company stated that she is committed to ensuring seamless corporate operations and adherence to regulatory standards.

Appointment details

The following table summarizes the key details of the appointment as disclosed in the company's filing:

The appointment was approved at the Annual General Meeting held on September 30, 2026. No relationships between directors were disclosed in connection with this appointment.

Sparkle Gold Rock Limited has scheduled its 35th Annual General Meeting (AGM) for September 30, 2026. The meeting will be held via Video Conferencing or Other Audio-Visual Means (OAVM) starting at 12:30 pm.

The company, formerly known as Sree Jayalakshmi Autospin Limited, operates in the gold, bullion, and jewellery sector. Its registered office is located in Jaipur, Rajasthan.

Key Resolutions

The agenda features several key corporate actions approved by the Board on September 4, 2026, including a significant increase in authorised share capital and the appointment of a new independent director.

Capital and Borrowing Structure

The company seeks shareholder approval to increase its authorised share capital from ₹20 crore (2 crore equity shares of ₹10 each) to ₹2,020 crore (202 crore equity shares). This move is intended to accommodate future expansion plans, acquisitions, and business partnerships.

Additionally, the Board proposes a borrowing limit of ₹100 crore. This comprises ₹60 crore for fund-based facilities and ₹40 crore for non-fund-based facilities, excluding temporary loans obtained in the ordinary course of business.

Related Party Transactions

Shareholders will approve material related party transactions with Sparkle Gold Mines Private Limited. The proposed transactions involve the sale and purchase of bullion, gems, jewellery, and metals. The aggregate value is capped at ₹1,000 crore annually from FY27 until the next AGM.

Mrs. Sarita Devi Sharma and Ms. Lakshita Sharma, directors of Sparkle Gold Rock, are also board members of Sparkle Gold Mines. Consequently, they and CEO Mr. Om Prakash Sharma will abstain from voting on this resolution.

Director Appointments

Ms. Durga Pallavi Tekumalla (DIN: 03257941) will be appointed as an Additional Non-Executive Independent Director effective September 4, 2026. She holds a Master's degree in Law and is a qualified Company Secretary with over 18 years of experience in corporate compliance.

She has been included in two key committees:

• Nomination and Remuneration Committee: Member alongside Chairman Manuj Agarwal and Manisha Godara.
• Audit Committee: Member alongside Chairman Manuj Agarwal, Manisha Godara, and Lakshita Sharma.

E-Voting and Logistics

Remote e-voting will be available from September 26, 2026, at 9:00 am to September 29, 2026, at 5:00 pm. The record date for determining eligible shareholders is September 24, 2026. Ms. Megha Khandelwal, Practicing Company Secretary, has been appointed as the scrutinizer.