Management Change6 Jun 2026, 06:00 pm
Sparc Electrex Appoints 3 Independent Directors, 1 Resigns
AI Summary
Sparc Electrex Ltd announced key management changes following a Board of Directors meeting on June 6, 2026. The company appointed Mr. Jayantilal Suthar, Mr. Rohit Bhatia, and Ms. Asha Khedia as Additional Non-Executive Independent Directors, each for a five-year term, subject to shareholder approval. Concurrently, Mr. Niraj Variava resigned as an Independent Director effective June 7, 2026, upon completion of his tenure. The Board also re-appointed M/s. Rajesh H Gupta & Co. as Internal Auditors for FY 2026-27.
Key Highlights
- Three new independent directors appointed for a 5-year term.
- One independent director resigned upon completion of tenure.
- Internal auditors re-appointed for the upcoming fiscal year.
- Appointments and resignation are subject to shareholder approval.
Price Impact
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