Sparkle Gold Rock Limited has successfully obtained regulatory approval from BSE Limited for the reclassification of promoter K.V. Prabhakar from promoter category to public category. The approval comes under Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, marking a significant corporate governance milestone for the Jaipur-based company.

BSE Grants No-Objection for Reclassification

BSE Limited issued its no-objection letter dated February 23, 2026, approving the reclassification request that was originally submitted by the company on April 9, 2025. The approval allows K.V. Prabhakar to transition from promoter status to the public category, effectively changing the company's shareholding structure.

Regulatory Compliance and Timeline Issues

While granting the approval, BSE has highlighted compliance concerns regarding disclosure timelines. The exchange noted that although the reclassification application was submitted on April 9, 2025, the mandatory disclosure under Regulation 31A(8)(c) was made only on September 12, 2025. This represents a significant delay from the stipulated 24-hour disclosure requirement following submission of such applications.

BSE has advised the company to exercise due caution and implement corrective measures to ensure future compliance with exchange circulars and regulatory communications. The exchange emphasized the importance of adhering to prescribed timelines for material event disclosures.

Company's Response and Future Measures

Sparkle Gold Rock Limited, formerly known as Sree Jayalakshmi Autospin Limited, has acknowledged the delay and expressed regret for the compliance lapse. The company has assured stakeholders that appropriate measures are being implemented to strengthen its compliance framework and prevent similar instances in the future.

The company has made this disclosure in accordance with Regulation 31A(8)(d) of SEBI (LODR) Regulations, 2015, and confirmed that the information is also available on its official website. With this reclassification approval, the company completes a regulatory process that began nearly a year ago, reshaping its promoter structure as K.V. Prabhakar transitions to public shareholder status.

Sparkle Gold Rock Limited (formerly Sree Jayalakshmi Autospin Limited) has announced its unaudited financial results for the quarter and nine months ended December 31, 2025, showcasing remarkable operational performance and profitability turnaround.

Quarterly Financial Performance

The company demonstrated exceptional growth in its Q3FY26 results. Revenue from operations surged dramatically, reflecting strong business momentum and operational efficiency.

Nine-Month Performance Analysis

The nine-month period ended December 31, 2025, further reinforced the company's strong operational trajectory. Total revenue from operations reached ₹6,084.56 lakhs compared to ₹227.60 lakhs in the corresponding period of FY25.

Operational Highlights

The company's cost structure reflected the scaled operations, with purchase of stock-in-trade and cost of material consumed at ₹2,853.78 lakhs for Q3FY26. Total expenses for the quarter amounted to ₹4,438.88 lakhs compared to ₹232.21 lakhs in Q3FY25. The company reported exceptional items of ₹52.41 lakhs in Q3FY26, attributed to provisions made for old debtors that are untraceable and unlikely to recover.

Balance Sheet Position

As of December 31, 2025, the company's total assets stood at ₹4,934.53 lakhs compared to ₹517.67 lakhs as of March 31, 2025. Key balance sheet highlights include:

• Trade Receivables: ₹4,566.66 lakhs (December 2025) vs ₹409.61 lakhs (March 2025)
• Inventories: ₹252.13 lakhs as of December 2025
• Cash and Cash Equivalents: ₹102.09 lakhs
• Equity Share Capital: ₹447.82 lakhs (unchanged)

Corporate Governance and Compliance

The financial results were reviewed by the Audit Committee and approved by the Board of Directors in their meeting held on January 30, 2026. The company confirmed that there are no unresolved investor complaints and promoter shares remain unpledged. The results have been prepared in accordance with Indian Accounting Standards (Ind AS) and reviewed by G.R. Gupta and Company, Chartered Accountants.