Sharika Enterprises Limited has announced securing a substantial purchase order worth ₹35.73 lakhs from B Fouress Private Limited for the supply of switchgear panels. The company disclosed this development on December 26, 2025, in compliance with Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Order Details and Specifications

The contract involves the supply of switchgear panels to B Fouress Private Limited, a domestic entity. The order carries a total value of ₹35,73,570 (Rupees Thirty Five Lakhs Seventy Three Thousand Five Hundred Seventy only).

Contract Terms and Timeline

The supply contract must be executed on or before March 10, 2026, providing Sharika Enterprises with approximately two and a half months to fulfill the order requirements. The nature of the contract focuses specifically on the supply of switchgear panels, indicating the company's involvement in electrical equipment distribution.

Regulatory Compliance and Disclosures

Sharika Enterprises has confirmed several important regulatory aspects of this transaction:

• The contract does not fall within related party transactions
• No promoter, promoter group, or group companies have any interest in B Fouress Private Limited
• The order represents a purely commercial arrangement with an independent domestic entity

The company's disclosure follows SEBI circular SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, ensuring complete transparency regarding the contract details.

Business Impact

This order represents a significant business development for Sharika Enterprises Limited, demonstrating the company's active participation in the electrical equipment supply sector. The contract value of ₹35.73 lakhs adds to the company's order book and reflects its capability to secure domestic supply contracts in the switchgear segment.

Sharika Enterprises has announced the resignation of Dr. Vijay Pande from its Board of Directors, effective December 18, 2025. The company informed BSE Limited of this development through a formal communication dated December 18, 2025, in compliance with regulatory requirements.

Director Resignation Details

Dr. Vijay Pande, who held the position of Non-Executive Non-Independent Director, submitted his resignation due to health issues. The resignation became effective immediately on December 18, 2025.

Regulatory Compliance

The company has fulfilled its disclosure obligations under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notification was submitted to BSE Limited, where the company's scrip is listed.

Sharika Enterprises provided comprehensive documentation including:

• Formal intimation letter to BSE Limited
• Detailed annexure with required information under SEBI regulations
• Copy of the resignation letter received from Dr. Vijay Pande

Corporate Governance Impact

The resignation represents a routine board change handled in accordance with established corporate governance protocols. The company has ensured transparency by promptly informing the stock exchange and providing all necessary documentation as required under SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.

This development reflects Sharika Enterprises' commitment to maintaining proper disclosure standards and regulatory compliance in all board-related matters.