Intimation with respect to appointment of Mr. Sanjay Verma (DIN: 08139841) as the Chief Executive Officer of the Company
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Sharika Enterprises Ltd has informed the stock exchange that its Board of Directors, at a meeting held on February 12, 2026, approved the appointment of Mr. Sanjay Verma (DIN: 08139841) as the Chief Executive Officer of the Company, effective April 1, 2026. The appointment was made on the recommendation of the Nomination and Remuneration Committee. Mr. Verma brings nearly 35 years of experience in the power sector, covering instrumentation, power distribution, grid modernization, smart metering, and digital utility transformation. He already serves as a Director on the boards of the company's wholly-owned subsidiary Sharika Smartec Private Limited and subsidiary Contronics Switchgear India Private Limited.
A new CEO with deep power-sector expertise and prior involvement in the company's subsidiaries takes the top executive role, which could strengthen Sharika Enterprises' strategic direction in smart grid and power infrastructure businesses. For shareholders, this signals continuity from the group structure but introduces a leadership change worth monitoring once effective from April 1, 2026.