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.

Sparkle Gold Rock Limited (BSE: 530037), formerly known as Sree Jayalakshmi Autospin Limited, has announced a crucial board meeting scheduled for September 19, 2025. The primary agenda of this meeting is to consider the appointment of Mr. Om Prakash Sharma as the company's new Chief Executive Officer (CEO).

Key Details of the Board Meeting

The meeting is set to take place at the company's corporate office at 12:00 P.M. on the specified date. If approved, Mr. Sharma's appointment as CEO would be effective from September 19, 2025, in accordance with Section 203 of the Companies Act, 2013.

Recent Corporate Developments

This announcement follows significant corporate changes for Sparkle Gold Rock Limited. The company recently completed the process of shifting its registered office from Chitradurga, Bangalore, Karnataka to Jaipur, Rajasthan. The new registered office is located at:

Office No 507 508 5th Floor, Vaibhav Cine Mutiplex, Vaishali Nagar, Jaipur, Rajasthan, India - 302021

The change in registered office was finalized with the issuance of a certificate of registration by the Ministry of Corporate Affairs, Government of India, dated September 8, 2025.

Compliance and Transparency

Sparkle Gold Rock Limited has made this announcement in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company's proactive disclosure demonstrates its commitment to transparency and adherence to regulatory requirements.

Looking Ahead

The potential appointment of Mr. Om Prakash Sharma as CEO could mark a new chapter in Sparkle Gold Rock Limited's corporate journey. Shareholders and market observers will be keenly watching the outcome of this board meeting, as it may signal the company's future direction and strategic focus.

As the company evolves from its former identity as Sree Jayalakshmi Autospin Limited, these corporate actions—including the potential new leadership and the recent change in registered office location—may indicate a broader transformation strategy. Investors and stakeholders are advised to stay tuned for further updates following the September 19 board meeting.