In terms of Regulation 30 of SEBI (LODR) Regulations, 2015, this is to inform that the meeting of the Board of Directors of M/s. Sparc Electrex Limited was held today on Saturday, 6th June, ....
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Sparc Electrex's board, which met on 6th June 2026, appointed three new Independent Directors: Mr. Jayantilal Suthar, Mr. Rohit Bhatia, and Ms. Asha Khedia (as Independent Women Director), each for a 5-year term subject to shareholder approval. The board accepted the resignation of Mr. Niraj Variava as Independent Director effective 7th June 2026, solely due to completion of his 5-year tenure. Internal Auditors M/s. Rajesh H Gupta & Co. were reappointed for FY 2026-27, and the Annual Secretarial Compliance Report for FY 2025-26 was noted. Notably, the board postponed approval of audited standalone financial results for FY ended 31 March 2026 to 13 June 2026, citing the need for additional time to reconcile inter-branch accounts and balance confirmations across multiple locations.
The director changes are routine tenure-related and governance-positive, with the company adding board strength through three qualified professionals (CS/Cost backgrounds). However, the delay in announcing FY26 audited results beyond the SEBI-mandated timeline could raise minor compliance concerns and keep the trading window closed longer than expected for designated persons.