Sparc Electrex Ltd

Sparc Electrex Ltd

Sparc Electrex Ltd has announced the resignation of Ms. Sushmita Lunkad as an Independent Director, effective from the close of business hours on August 5, 2026, due to professional and personal preoccupations and commitments.

Sparc Electrex Ltd

Sparc Electrex Ltd has informed about the change in its registered office address, as per Regulation 30 of SEBI (LODR) Regulations, 2015. The Board of Directors approved the shifting of the registered office from the existing place to a new location within the local limits of the same city. The new address will be B-307, Hind Saurashtra Industrial Estate, Sir M. V. Road, Nr. Mittal Estate, J B Nagar, Marol, Andheri (East), Mumbai - 400059, Maharashtra, India.

Sparc Electrex Ltd

Sparc Electrex Ltd has announced the outcome of its Board Meeting held on 5th August, 2026, where the Board approved the Notice of Postal Ballot and calendar of events for the approval of members, appointed a scrutinizer, and noted the resignation of Ms. Sushmita Swarup Lunkad as a Director of the Company.

Sparc Electrex Ltd

Sparc Electrex Ltd has informed BSE that the meeting of the Board of Directors is scheduled on 05/08/2026 to consider and approve various agenda items, including calling and convening a Postal Ballot / Extra Ordinary General Meeting.

Sparc Electrex Ltd

Sparc Electrex Ltd reported extremely poor standalone audited financial results for Q4 FY26 and the full financial year, showing negligible revenue and significant losses. For Q4 FY26, revenue from operations was 0.19 Lakhs with a loss of (276.98) Lakhs. The full year FY26 saw a substantial loss of (446.18) Lakhs. Critically, the company disclosed that its bank accounts were frozen by the Income Tax Department on November 24, 2025, due to non-payment of outstanding income tax demands, signaling severe financial distress and active regulatory enforcement.

Sparc Electrex Ltd

Sparc Electrex Ltd announced its audited standalone financial results for Q4 and the full financial year ended March 31, 2026, reporting a substantial increase in net loss to Rs 446.18 lakhs for FY26, compared to Rs 152.04 lakhs in FY25. Revenue from operations also declined sharply from Rs 366.10 lakhs to Rs 28.29 lakhs year-on-year. Crucially, the company disclosed that its bank accounts have been frozen by the Income Tax Department since November 2025 due to non-payment of outstanding tax demands. The Board also approved the Auditor's Report and a Statement of Impact of Audit Qualifications.

Sparc Electrex Ltd

Sparc Electrex Ltd submitted its Annual Secretarial Compliance Report for the financial year ended March 31, 2026, fulfilling SEBI (LODR) Regulation 24A. The report, certified by Practicing Company Secretaries, confirms general compliance with applicable SEBI regulations. However, it highlighted a 9-day delay in submitting the Shareholding Pattern for the December 31, 2025, quarter, which resulted in a minor fine of Rs 18,000 from BSE. The company has since rectified the filing and committed to paying the penalty.