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.

Sharika Enterprises Limited has further strengthened its order book by securing an additional major contract from LS Cable India Private Limited, valued at Rs. 1.14 crore. This new order adds to the company's existing contracts worth Rs. 1.1 crore, demonstrating continued business momentum.

Latest LS Cable India Contract

The company has received a fresh purchase order from LS Cable India Private Limited for the supply of 24 FOPGW (Fiber Optic Ground Wire), valued at Rs. 1,13,52,000. This represents a significant addition to the company's revenue pipeline and showcases its established relationship with LS Cable India.

Previous Contract Portfolio

This latest order complements Sharika Enterprises' existing contract portfolio, which includes two previously announced domestic supply contracts totaling approximately Rs. 1.1 crore. The earlier contracts comprised a Rs. 68.20 lakh order from LS Cable India for cable accessories suitable for 220 kV EHV Cable systems and a Rs. 42.23 lakh supply and service order from NTPC Limited for a 30 KWp Roof Top Hybrid Solar Plant.

Cumulative Order Book Status

Regulatory Compliance

The company has confirmed that this contract does not involve any related party transactions, and neither the promoter, promoter group, nor group companies have any interest in LS Cable India Private Limited. Sharika Enterprises has duly informed BSE Limited about this contract in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The expanding order book, particularly the strengthened relationship with LS Cable India, positions Sharika Enterprises favorably in the power transmission and cable accessories segment. The company's ability to secure repeat orders from established clients like LS Cable India demonstrates its reliability and technical capabilities in the power sector infrastructure space.