Sparkle Gold Rock Limited, a company listed on the Bombay Stock Exchange (BSE: 530037), has announced a significant change in its leadership. The Board of Directors has approved the appointment of Mr. Om Prakash Sharma as the company's new Chief Executive Officer, effective September 19, 2025.

Board Approval and Appointment Process

The decision to appoint Mr. Sharma was made during a board meeting held on September 19, 2025, which commenced at 12:00 P.M. and concluded at 01:40 P.M. The appointment was based on the recommendation of the Nomination and Remuneration Committee (NRC) and is in accordance with Section 203 of the Companies Act, 2013.

Om Prakash Sharma's Profile

Mr. Om Prakash Sharma brings a wealth of experience to his new role at Sparkle Gold Rock Limited. With over 15 years of experience as a business leader, he has made significant contributions across various sectors including mining, infrastructure, textiles, retail, and agriculture. Known for his dynamic leadership and strategic foresight, Mr. Sharma has a track record of building and leading diversified enterprises that demonstrate both economic impact and sustainable growth.

Family Ties within the Company

Mr. Sharma has familial connections within the company's leadership:

• He is the spouse of Mrs. Sarita Devi Sharma, who serves as a Director in the company.
• He is also the father of Ms. Lakshita Sharma, another Director in the company.

These relationships highlight the family-oriented nature of the company's top management.

Corporate Governance and Disclosure

In compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Sparkle Gold Rock Limited has promptly disclosed this appointment to the BSE. The company, formerly known as Sree Jayalakshmi Autospin Limited, continues to maintain transparency in its corporate actions and leadership changes.

Company Details

Sparkle Gold Rock Limited is registered in Jaipur, Rajasthan, with its office located at Office No 507 508 5th Floor, Vaibhav Cine Multiplex, Vaishali Nagar. The company's CIN is L32111RJ1991PLC106196, indicating its establishment in the Indian corporate landscape in 1991.

This appointment marks a new chapter for Sparkle Gold Rock Limited, as the company looks to leverage Mr. Sharma's extensive experience across multiple sectors to drive its future growth and strategic initiatives.

Sparkle Gold Rock Limited, formerly known as Sree Jayalakshmi Autospin Limited, has taken steps to reclassify one of its promoters and addressed a delay in regulatory disclosure. The company has submitted an application to BSE Limited for the reclassification of K.V. Prabhakar from the 'Promoter Group' category to the 'Public' category.

Reclassification Application

The company filed the reclassification application with the BSE Listing Centre on April 9, 2025. This follows previous intimations made to the stock exchange on January 9, 2025, regarding the initial request for reclassification, and on February 15, 2025, concerning the board's approval for the same.

Promoter Details

The reclassification application pertains to K.V. Prabhakar, who is currently listed under the 'Promoter Group' category. According to the company's disclosure:

Regulatory Compliance and Disclosure Delay

Sparkle Gold Rock Limited acknowledged a delay in disclosing the reclassification application as required by Regulation 31A(8)(c) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company attributed this oversight to a lack of awareness and understanding of the specific regulatory requirements.

In its communication to BSE, the company stated:

"The delayed disclosure as per the Regulation 31A(8)(c) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 was purely inadvertent and arose due to a lack of awareness and understanding of the specific requirement of the said sub-regulation. Further, we also confirm that there was no mala-fide intention for the non-disclosure of the said sub Regulation."

Commitment to Improved Compliance

Recognizing the importance of timely disclosures, Sparkle Gold Rock Limited has committed to strengthening its compliance framework. The company expressed regret for the oversight and assured that appropriate measures are being implemented to prevent such instances in the future.

The company emphasized that it had made timely disclosures under Regulation 31A(3)(a) & (b) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, communicating the material event to shareholders as required.

Investors and stakeholders are advised to take note of this development as the company awaits BSE's approval for the promoter reclassification.