In terms of Regulation 30 read with Regulation 33 of SEBI (LODR), Regulations, 2015, the Board of Directors at its meeting held on today, 18.02.2026 at 03.30 p.m. at its registered office, ....
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Sparc Electrex Ltd's Board approved unaudited financial results for the quarter and nine months ended 31 December 2025. Revenue from operations for Q3 FY26 collapsed to just Rs. 5.50 lakhs (vs Rs. 99.48 lakhs in Q3 FY25), with nine-month revenue at Rs. 28.10 lakhs versus Rs. 322.51 lakhs a year earlier. The company posted a Q3 loss of Rs. 97.30 lakhs and a nine-month loss of Rs. 169.20 lakhs, versus a small profit of Rs. 12.41 lakhs in 9M FY25. The auditor highlighted that the Income Tax Department provisionally attached/froze the company's bank accounts under section 226(3), which has impacted banking operations and may affect short-term liquidity. The Board also accepted the resignation of Mr. Ashish Mishra as Company Secretary & Compliance Officer, effective 24 January 2026.
Sharp revenue decline, deepening losses, and a frozen bank account due to a tax dispute signal serious operational and liquidity stress for shareholders. The exit of the Company Secretary is a routine KMP change but adds to governance uncertainty.