Sree Jayalakshmi Auto Spin Ltd — Updates, 20-05-2025: Company Update

Sparkle Gold Rock Limited underwent a complete management overhaul, including the board and key officers, with all related compliances duly met. The company increased its authorized share capital from ₹5 Cr to ₹20 Cr and expanded its business object clause. M/s G.R. Gupta and Co. were appointed as statutory auditors for five years following the previous auditor's resignation due to management changes. Related party transactions were carried out at arm’s length with necessary approvals. Some procedural compliance delays occurred, resulting in fines that the company has settled. Overall, governance processes and policy adherence have been strengthened with no director disqualifications reported.