Sharika Enterprises Limited has announced the appointment of a new independent director to strengthen its board composition. The company informed BSE Limited about this significant corporate governance development through a regulatory filing.

Board Meeting Outcome

The Board of Directors of Sharika Enterprises Limited, at its meeting held on January 27, 2026, approved the appointment of Mr. Tej Kishen Wali (DIN: 02413663) as Additional Director under the category of Non-Executive Independent Director. The appointment is effective from January 27, 2026, and is subject to approval by the company's shareholders.

Director Profile and Experience

Mr. Tej Kishen Wali brings extensive experience to the board, with over 43 years in the power sector. He is an Electrical Engineer from Thapar University Patiala and has completed a program on Material Management from IIM Ahmedabad.

His professional experience spans across major organizations including:

• Power Grid Corporation
• NHPC Limited
• IFC/World Bank group

Areas of Expertise

Mr. Wali's expertise covers multiple domains critical to business operations:

• Procurement and supply chain management
• Project management
• Import and logistics operations
• Corporate planning
• Telecommunications
• HVDC long distance and back-to-back projects
• Multilateral funding organizations including World Bank and ADB

Regulatory Compliance

The appointment follows the recommendation of the company's Nomination & Remuneration Committee, ensuring adherence to corporate governance best practices. The company has confirmed that Mr. Wali is not related to any existing director and is not debarred from holding directorial positions by any regulatory authority.

This appointment aligns with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, specifically Regulation 30 read with Part A of Schedule III. The disclosure was made in accordance with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, regarding changes in management.

Corporate Governance Enhancement

The addition of Mr. Wali to the board represents a strategic move to enhance the company's governance structure with his extensive industry experience and expertise in power sector operations. His background in working with multilateral funding organizations and experience in complex project management is expected to contribute valuable insights to the company's strategic direction.

Sharika enterprises Limited has announced securing a substantial order worth ₹2.83 crore for the supply of electrical equipment. The company received this order from Sarthak Enterprises under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Order Details and Specifications

The contract involves the supply of 11 KV sectionalizers specifically for DGVCL Surat operations. The order carries a total value of ₹2,82,90,000 (Rupees Two Crore Eighty-Two Lakh Ninety Thousand), representing a significant business opportunity for the company.

Contract Terms and Timeline

The agreement specifies a completion period of 10-12 weeks for the entire supply order. This timeline indicates the company's commitment to delivering the electrical equipment within a defined schedule to meet DGVCL Surat's operational requirements.

Regulatory Compliance and Transparency

Sharika Enterprises Limited has confirmed that this contract does not involve any related party transactions. Additionally, the company has disclosed that neither the promoter, promoter group, nor group companies have any interest in Sarthak Enterprises, the entity that awarded the contract.

Corporate Governance Aspects

The order announcement was made through proper regulatory channels, with Company Secretary and Compliance Officer Pushpa Yadav signing the disclosure document. The company has fulfilled its obligations under SEBI circular SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, ensuring complete transparency in contract disclosure.

This domestic order strengthens Sharika Enterprises Limited's position in the electrical equipment supply sector, particularly in the power distribution segment serving utility companies like DGVCL Surat.