Sharika Enterprises Limited Director Dr. Vijay Pande Resigns Due to Health Issues

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.

Parameter	Details
Director Name	Dr. Vijay Pande
Director Identification Number	00397679
Position	Non-Executive Non-Independent Director
Effective Date	December 18, 2025
Reason	Health issues

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.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.38%	-1.92%	-6.29%	-24.46%	-25.89%	+76.67%

Sharika Enterprises Limited , a company specializing in smart grid solutions, has recently secured a significant contract from Ircon International Limited, a Government of India Undertaking. The contract, valued at Rs 9.92 lakh, involves the supply, installation, testing, and commissioning of a SCADA (Supervisory Control and Data Acquisition) integration system.

Contract Details

Aspect	Details
Client	Ircon International Limited (Government of India Undertaking)
Contract Value	Rs 9,92,115
Scope of Work	Supply, Installation, Testing, and Commissioning of SCADA Integration System
Location	TCR Banihal
Purpose	Operation of existing switchyard of Tunnel T-80 on SCADA system

Project Significance

The SCADA integration system is set to be implemented at TCR Banihal for the operation of the existing switchyard of Tunnel T-80. This project highlights Sharika Enterprises' expertise in providing advanced technological solutions for infrastructure projects.

Company Disclosure

As per the regulatory requirements, Sharika Enterprises has made this disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has confirmed that the contract involves domestic operations and that there is no interest from the promoter group in the entity awarding the contract.

This new order reinforces Sharika Enterprises' position in the smart grid solutions sector and demonstrates its capability to secure contracts from government entities. The successful execution of this project could potentially lead to more opportunities in the infrastructure development space, particularly in the implementation of advanced control and monitoring systems.