Sparkle Gold Rock Limited (formerly Sree Jayalakshmi Autospin Limited) has announced its unaudited financial results for the quarter and nine months ended December 31, 2025, showcasing remarkable operational performance and profitability turnaround.

Quarterly Financial Performance

The company demonstrated exceptional growth in its Q3FY26 results. Revenue from operations surged dramatically, reflecting strong business momentum and operational efficiency.

Nine-Month Performance Analysis

The nine-month period ended December 31, 2025, further reinforced the company's strong operational trajectory. Total revenue from operations reached ₹6,084.56 lakhs compared to ₹227.60 lakhs in the corresponding period of FY25.

Operational Highlights

The company's cost structure reflected the scaled operations, with purchase of stock-in-trade and cost of material consumed at ₹2,853.78 lakhs for Q3FY26. Total expenses for the quarter amounted to ₹4,438.88 lakhs compared to ₹232.21 lakhs in Q3FY25. The company reported exceptional items of ₹52.41 lakhs in Q3FY26, attributed to provisions made for old debtors that are untraceable and unlikely to recover.

Balance Sheet Position

As of December 31, 2025, the company's total assets stood at ₹4,934.53 lakhs compared to ₹517.67 lakhs as of March 31, 2025. Key balance sheet highlights include:

• Trade Receivables: ₹4,566.66 lakhs (December 2025) vs ₹409.61 lakhs (March 2025)
• Inventories: ₹252.13 lakhs as of December 2025
• Cash and Cash Equivalents: ₹102.09 lakhs
• Equity Share Capital: ₹447.82 lakhs (unchanged)

Corporate Governance and Compliance

The financial results were reviewed by the Audit Committee and approved by the Board of Directors in their meeting held on January 30, 2026. The company confirmed that there are no unresolved investor complaints and promoter shares remain unpledged. The results have been prepared in accordance with Indian Accounting Standards (Ind AS) and reviewed by G.R. Gupta and Company, Chartered Accountants.

Sparkle Gold Rock Limited has been imposed a penalty of ₹10.00 crore by the Office of the Principal Commissioner of Customs, Chennai-III, for alleged violations under the Customs Act, 1962. The company received the penalty orders dated December 15, 2025, via email on January 19, 2026, and has informed the BSE about this development under Regulation 30 of the SEBI Listing Regulations.

Penalty Details and Allegations

The customs authority has imposed the penalty under specific sections of the Customs Act, 1962, as detailed below:

The violations alleged against the company include the use of Import Export Code (IEC) for providing legitimacy to a group of companies jointly engaged in misdeclaration and circular trading. These activities allegedly render goods liable to confiscation under Section 111(m) and Section 113(i) of the Customs Act, 1962.

Company's Response and Position

Sparkle Gold Rock Limited has categorically denied any involvement in the alleged activities. The company has provided the following key clarifications:

• No business transactions were undertaken during the relevant period
• No funds were received or credited to the company's bank account
• No import or export operations were conducted
• Current directors had no prior knowledge of the alleged matter
• The penalty relates to a period when existing directors were not part of the board

Legal Action and Business Impact

The company has announced its intention to challenge the penalty orders through appropriate legal channels. Key aspects of the company's response include:

The company believes the orders are contestable and will consider taking appropriate legal recourse. Despite the penalty, Sparkle Gold Rock Limited has confirmed that its business operations continue as usual without any disruption.

Regulatory Compliance

The company has fulfilled its disclosure obligations under SEBI regulations by informing the BSE about this development. The intimation was made pursuant to Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, along with compliance requirements under the SEBI Master Circular dated November 11, 2024.

The penalty order was issued by Principal Commissioner of Customs Istikar Baig from the Preventive Commissionerate, Chennai-III. The company received the order on January 19, 2026, and promptly informed the stock exchange on January 20, 2026, maintaining transparency with stakeholders about this significant regulatory development.