Sparc Electrex Ltd

Sparc Electrex Limited announced its standalone audited financial results for the quarter and financial year ended March 31, 2026. The company reported a net loss of ₹276.98 Lakhs for the fiscal year 2025-26, compared to a net loss of ₹97.30 Lakhs in the previous fiscal year. Revenue from operations for FY26 stood at ₹366.10 Lakhs, a decrease from ₹43.59 Lakhs in FY25. The company's board also noted that its bank account has been frozen since November 24, 2025, due to non-payment of outstanding income tax demands.

Sparc Electrex Limited's Board of Directors met on June 23, 2026, to approve the standalone audited financial results for the quarter and financial year ended March 31, 2026. The company reported a net loss of ₹276.98 Lakhs for the financial year ended March 31, 2026, with basic EPS at ₹(2.76). A significant disclosure was made regarding the freezing of the company's bank accounts by the Income Tax Department on November 24, 2025, due to non-payment of outstanding income tax demands. The results were prepared in accordance with Indian Accounting Standards and SEBI (LODR) Regulations, 2015.

Sparc Electrex Ltd has announced a postponement of its Board of Directors meeting, originally scheduled to approve the Standalone Audited Financial Results for the quarter and financial year ended March 31, 2026. The meeting is now rescheduled for June 23, 2026. The company cited unavoidable circumstances for the delay, referencing previous intimations on May 30, June 6, and June 13, 2026. The trading window for designated persons remains closed until 48 hours after the results are declared. Sparc Electrex regrets any inconvenience and assures that steps are being taken to expedite the process.

Sparc Electrex Ltd has announced a postponement of its Board Meeting, originally scheduled to approve the Standalone Audited Financial Results for the quarter and financial year ended March 31, 2026. The meeting has been rescheduled to Saturday, June 20, 2026. The delay is attributed to the need for additional time for extensive reconciliation of inter-branch accounts and balance confirmations across multiple locations to ensure a true and fair view of the financial statements. The company has requested this reason for delay be considered compliant with SEBI regulations. The trading window for designated persons remains closed until 48 hours after the results are declared.

Sparc Electrex Ltd. has announced the postponement of its Board of Directors meeting, originally scheduled to approve the Standalone Audited Financial Results for the quarter and financial year ended March 31, 2026. The meeting has been rescheduled to June 20, 2026. The delay is attributed to the extensive reconciliation required for inter-branch accounts and balance confirmations across multiple locations, ensuring a true and fair view of the financial statements. The company cited SEBI (LODR) Regulations, 2015, and a relevant SEBI circular regarding disclosure of reasons for delay. The trading window for designated persons remains closed until 48 hours after the results are declared.

Sparc Electrex Ltd has confirmed no deviation or variation in the utilization of proceeds from its Rights Issue, as per the SEBI regulations. The company stated that funds raised through the Rights Issue, which involved the allotment of partly paid-up equity shares on April 24, 2023, have been used in accordance with the objects outlined in the Letter of Offer dated February 14, 2023. This confirmation pertains to the quarter ended December 31, 2025. The filing details the process of receiving call money on partly paid-up shares across several reminders and notices, indicating ongoing efforts to collect the full amount due.

Sparc Electrex Ltd has confirmed that there is no deviation or variation in the utilization of proceeds from its Rights Issue, as stated in the Letter of Offer dated February 14, 2023. This confirmation is for the quarter ended March 31, 2026. The company raised approximately ₹27.87 crore through the rights issue, which involved the allotment of partly paid-up equity shares. The filing details the collection of call money in tranches, indicating active management of the funds raised and adherence to the original objects of the issue.

Sparc Electrex Ltd has announced that its Board of Directors meeting, originally scheduled to approve the Standalone Audited Financial Results for the quarter and financial year ended March 31, 2026, has been postponed to June 13, 2026. The delay is attributed to the extensive reconciliation required for inter-branch accounts and balance confirmations across multiple locations to ensure a true and fair view. The company cited SEBI (LODR) Regulations, 2015, and a relevant SEBI circular regarding disclosure of reasons for delay. The trading window for designated persons remains closed until 48 hours after the results are declared.

Sparc Electrex Ltd announced significant board changes following a 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 upon completion of his tenure. The board also re-appointed M/s. Rajesh H Gupta & Co. as Internal Auditors for FY 2026-27.

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.