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 14th August, 2025 ....
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Sparc Electrex Limited's Board met on 14th August 2025 and approved the unaudited standalone financial results for Q1 FY26 (quarter ended 30th June 2025). Revenue from operations collapsed sharply to just Rs. 9.60 lacs from Rs. 89.48 lacs in the same quarter last year, an almost 90% drop. The company swung from a small profit of Rs. 4.17 lacs in Q1 FY25 to a loss of Rs. 65.65 lacs, with basic EPS turning negative at Rs. (0.65). Other expenses spiked to Rs. 50.42 lacs (vs Rs. 10.70 lacs), and the manufacturing segment reported a loss of Rs. 9.65 lacs against a profit of Rs. 18.53 lacs a year ago. The Board also approved the re-appointment of Motilal & Associates as Statutory Auditors for a second 5-year term, appointed new Secretarial and Internal Auditors, and fixed the 36th AGM for 30th September 2025 via video conferencing.
The results are clearly negative for shareholders – revenues have nearly dried up while fixed costs remain, pushing the company deeper into losses. The continuing losses (full-year FY25 loss was Rs. 152 lacs) raise concerns about the company's ability to sustain operations at this revenue level, and the stock is likely to see a weak reaction despite no negative auditor remarks.