Sharika Enterprises Limited has initiated the formal shareholder approval process for the appointment of Mr. Tej Kishen Wali as Independent Director through a postal ballot notice dated January 27, 2026. The company informed BSE Limited about the postal ballot proceedings and e-voting arrangements through regulatory filings.

Board Meeting and Initial Appointment

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 requires formal approval by the company's shareholders through the postal ballot process.

Postal Ballot Process and E-Voting Timeline

The company has issued a comprehensive postal ballot notice seeking shareholder approval for Mr. Wali's appointment as Independent Director through a Special Resolution. The postal ballot process will be conducted entirely through remote e-voting, in compliance with MCA circulars and SEBI regulations.

Director Profile and Expertise

Mr. Tej Kishen Wali brings over 43 years of experience in the power sector to the board. 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, and IFC/World Bank group.

Areas of Specialization

Mr. Wali's expertise encompasses multiple critical business domains:

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

Regulatory Compliance and Age Consideration

The postal ballot notice includes provisions for Mr. Wali's continuation as director beyond the age of 75 years. As he will attain 75 years on March 17, 2027, the Special Resolution seeks approval pursuant to Regulation 17(1A) of SEBI Listing Regulations for his continued directorship during the five-year term.

Shareholder Communication and Voting Process

The company is sending the postal ballot notice exclusively through electronic mode to shareholders whose email addresses are registered with the company or depositories. Shareholders holding shares as on the cut-off date of January 30, 2026, are eligible to participate in the e-voting process through CDSL's platform at www.evotingindia.com .

The appointment follows the recommendation of the company's Nomination & Remuneration Committee and aligns with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has confirmed that Mr. Wali meets all independence criteria and is not debarred from holding directorial positions by any regulatory authority.

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.