Sparkle Gold Rock Limited has scheduled a board meeting for August 27, 2026, to evaluate the acquisition of an entity engaged in marble mining and extraction. The company also plans to raise capital through a preferential allotment of equity shares or other eligible securities.

The proposed transaction involves acquiring the equity share capital of a target firm active in marble mining, processing, and allied activities. This includes exploration, development of mineral resources, and quarrying operations. The deal is subject to satisfactory due diligence, valuation, and regulatory approvals.

Transaction Details

The board will consider several key aspects of the proposal during the meeting held at the company's registered office in Jaipur.

The preferential issue may include a share swap as consideration for the acquisition. The company intends to comply with the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, and the Companies Act, 2013. Shareholder approval and other necessary regulatory clearances are required for the transaction to proceed.

Regulatory Compliance

Sparkle Gold Rock Limited issued this intimation pursuant to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The trading window for designated persons and their immediate relatives closed on August 20, 2026. It will remain closed until 48 hours after the disclosure of the board meeting's outcome.

Further disclosures under Regulation 30 of the SEBI LODR Regulations will be made at appropriate stages. The company authorized its Whole Time Director and/or CEO to conduct due diligence, negotiate terms, and execute definitive documents subject to further board approval.

The Audit Committee of Sparkle Gold Rock Limited has accepted the resignation of M/s G.R. Gupta & Company as its statutory auditors, effective August 11, 2026. The decision, taken during a meeting on August 10, 2026, aligns with the reasons cited by the outgoing firm regarding commercial non-viability at the previously agreed fee. This governance update ensures continuity in audit oversight while the company prepares for shareholder approval of a new appointee.

M/s G.R. Gupta & Company (FRN: 006201C) tendered its resignation after issuing the Audit Report dated May 29, 2026, for the standalone financial statements ended March 31, 2026, and the Limited Review Report for the quarter ended June 30, 2026. The Audit Committee members confirmed there were no other material reasons for the departure and expressed appreciation for the firm’s contribution to the company’s audit processes and standards.

Auditor Transition Details

To fill the casual vacancy, the Board of Directors has approved the appointment of M/s Dhadda and Associates (FRN: 013807S) as the new statutory auditors, effective August 11, 2026. This appointment is subject to shareholder approval at the ensuing General Meeting, in compliance with Section 139 of the Companies Act, 2013. Harsha Ramnani, a partner at Dhadda and Associates, has provided consent to act, certifying eligibility under the Act.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company also referenced SEBI Master Circular No. Ho/49/14/14(7)2025-CFDPOD2/I/3762/2026, last updated on January 30, 2026, regarding changes in statutory auditors. The intimation was signed by Mansha Ghiya, Compliance Officer and Company Secretary.