Independent Director Mr. Ashok Patel Passes Away

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Price reactionminutes from the announcement price · days from the prior close

-2.2%Reaction day

₹4.89

prior close

₹5.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.4%-2.6% vs market

Computers - Software & Consulting peers, median of 65sector-1.2%-1.1% vs sector

On the reaction day the stock moved 2.6 pts less than Nifty Microcap 250 and 1.1 pts less than its Computers - Software & Consulting peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.0

10m

+0.0

15m

-7.4

30m

-8.2

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-2.2+0.4-2.6-1.2-1.1

Next day

+0.2-0.2+0.4-1.3+1.5

-1.8+0.3-2.2-1.0-0.9

-3.9+0.6-4.4-0.9-3.0

-5.9+0.8-6.7-1.2-4.7

-4.3+0.4-4.7-1.2-3.1

-2.2+0.7-3.0-1.8-0.4

15d

-8.0+2.0-10.0-2.8-5.2

-10.2+0.7-11.0-6.6-3.6

-15.7-3.4-12.4-5.7-10.1

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UpDownMarket · Nifty Microcap 250Sector · Computers - Software & Consulting peers, median of 65Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Sparc Electrex informed BSE that Independent Director Mr. Ashok Chhaganbhai Patel (DIN: 08024669) passed away on August 15, 2026 due to a sudden cardiac attack. The company called it an irreparable loss and expressed condolences. The board now has a vacancy for an Independent Director that will need to be filled as per SEBI norms.

Likely market impact

Creates a board vacancy requiring a new Independent Director appointment. Minor governance event with no direct impact on business operations.