Sparc Electrex Ltd — Important, 06-06-2026: Company Update

Date: 06.06.2026

To,

The Bombay Stock Exchange Ltd

Department of Corporate Services/ Corporate Relation

Phiroze Jeejeebhoy Towers, Dalal Street,

Fort, Mumbai – 400 001, Maharashtra, India

Ref: BSE Scrip Code: 531370 | SPAR | ISIN: INE960B01015

Subject: Disclosure under Regulation 30 read with Schedule III of SEBI (Listing Obligations and

Disclosure Requirements) Regulations, 2015

Dear Sir/Madam

With reference to the captioned subject and pursuant to Regulation 30 of the SEBI Listing Regulations, we

hereby inform you that, based on the recommendations of the Nomination and Remuneration

Committee and subject to the approval of the Members, the Board of Directors of the Company, at its

meeting held today, i.e., 6th June, 2026 at the Registered Office of the Company, inter-alia considered and

approved the following matters.

1) Appointed Mr. Jayantilal Suthar as an Additional Non-Executive Independent Director:

Appointment of Mr. Jayantilal Raghunathram Suthar (DIN: 07265227), as an Additional Director in

the category of Non-Executive Independent Director of the Company w.e.f. 6th June, 2026. The term

of his appointment as an Independent Director will be for a period of 5 (Five) years and the

appointment is subject to the approval of shareholders of the Company.

The details as required under Regulation 30 read with Schedule III of Securities and Exchange Board

of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Master

Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, are furnished in

Annexure - I.

2) Appointed Mr. Rohit Bhatia as an Additional Non-Executive Independent Director:

Appointment of Mr. Rohit Bhatia (DIN: 10942375), as an Additional Director in the category of Non-

Executive Independent Director of the Company w.e.f. 6th June, 2026. The term of his appointment

as an Independent Director will be for a period of 5 (Five) years and the appointment is subject to the

approval of shareholders of the Company.

The details as required under Regulation 30 read with Schedule III of Securities and Exchange Board

of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Master

Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, are furnished in

Annexure – II.

3) Appointed Ms. Asha Khedia as an Additional Non-Executive Independent Women Director:

Appointment of Ms. Asha Shravan Kumar Khedia (DIN: 11743210), as an Additional Director in the

category of Non-Executive Independent Women Director of the Company w.e.f. 6th June, 2026. The

term of her appointment as an Independent Director will be for a period of 5 (Five) years and the

appointment is subject to the approval of shareholders of the Company.

Registered Office :

1202, 12• Floor, Esperanza Building,

s/

Next to Bank of Baroda, 198, Linking Road,

Sandra rt/), Mumbai -400 050. India

sft--'RC ElECTRE

Tel.: 9819001811 www.sparcelectrex.com 'FN

Email: info@sparcelectrex.com / sparcelectrex@gmail.com LIMITED CIN:L31100MH1989PLC053467 GST NO.:27AAECS2631Q1ZV ----------------

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The details as required under Regulation 30 read with Schedule III of Securities and Exchange Board

of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Master

Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, are furnished in

Annexure – III.

4) Resignation of Mr. Niraj Variava as an Independent Director:

Mr. Niraj Hareshbhai Variava (DIN: 09197068), has tendered his resignation from the post of Non-

Executive Independent Director of the Company, with effect from the close of business hours on 7th

June, 2026, due to completion of his present tenure of 5 years as an Independent Director of

Company.

The Board of Directors of the Company places on record its appreciation for the valuable contribution

and guidance provided by Mr. Niraj Hareshbhai Variava during his association with the Company as

an Independent Director.

The details as required under Regulation 30 read with Schedule III of Securities and Exchange Board

of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Master

Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, are furnished in

Annexure – IV along with the resignation letter received from Mr. Niraj Hareshbhai Variava.

5) Reappointment of M/s. Rajesh H Gupta & Co., as an Internal Auditors:

M/s. Rajesh H Gupta & Co., (FRN: 133884W), Chartered Accountants, Mumbai, has been re-

appointed by the Board of Directors as an Internal Auditors of the Company for F.Y. 2026-27 in terms

of Section 138 of the Companies Act, 2013 based on the recommendations of the Nomination and

Remuneration Committee, at its meeting held today, i.e., 6th June, 2026

The details as required under Regulation 30 read with Schedule III of Securities and Exchange Board

of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Master

Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, are furnished in

Annexure – V.

Thanking You

Yours Faithfully

For Sparc Electrex Limited

Shobith Ganesh Hegde

(Managing Director)

DIN: 02211021

Place: Mumbai

Encl: Annexure - I

Registered Office :

1202, 12• Floor, Esperanza Building,

s/

Next to Bank of Baroda, 198, Linking Road,

Sandra rt/), Mumbai -400 050. India

sft--'RC ElECTRE

Tel.: 9819001811 www.sparcelectrex.com 'FN

Email: info@sparcelectrex.com / sparcelectrex@gmail.com LIMITED CIN:L31100MH1989PLC053467 GST NO.:27AAECS2631Q1ZV ----------------

----------------Page (1) Break----------------

Annexure - IV

The Particulars required as per Regulation 30 read with Para A of Part A of Schedule III of SEBI (Listing

Obligations and Disclosure Requirements) Regulations, 2015 and read with SEBI Master Circular No.

HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 are given below;

Sr.

No.

Details of Event Information of such event(s)  

1 Name along with DIN Mr. Niraj Hareshbhai Variava (DIN: 09197068)

2 Reason for change Viz. Appointment,

Resignation, Removal, Death or

Otherwise

Mr. Niraj Hareshbhai Variava has submitted his

resignation from the position Independent Director of

the Company with effect from closure of business

hours on 07.06.2026 for reasons as mentioned in the

resignation letter i.e. due to completion of his present

tenure of 5 years as an Independent Director of

Company.

3 Date of Cessation 07.06.2026

4 Brief Profile (in case of appointment) Not Applicable

5 Disclosures of relationship between

Directors (in case of appointment of a

Director)

Not Applicable

6 Letter of resignation along with

detailed reason for Resignation

Enclosed herewith

7 Names of listed entities in which the

resigning Director holds Directorships,

indicating the category of Directorship

and membership of Board Committees,

if any

Nil

8 The independent director shall, along

with the detailed reasons, also provide

a confirmation that there are no other

material reasons other than those

provided.

Mr. Niraj Hareshbhai Variava confirmed that there are

no material reasons for his resignation other than

those mentioned in his resignation letter

Registered Office :

1202, 12• Floor, Esperanza Building,

s/

Next to Bank of Baroda, 198, Linking Road,

Sandra rt/), Mumbai -400 050. India

sft--'RC ElECTRE

Tel.: 9819001811 www.sparcelectrex.com 'FN

Email: info@sparcelectrex.com / sparcelectrex@gmail.com LIMITED CIN:L31100MH1989PLC053467 GST NO.:27AAECS2631Q1ZV ----------------

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6th June, 2026

To,

The Board of Directors

Spare Electrex Limited

1202, 12th Floor, Esperanza Building,

Next to Bank of Baroda, 198, Linking Road,

Bandra (West), Mumbai -400050, MH, IN

Dear Sir /Madam,

Sub: Resignation from the post of Directorship of the Company due to

completion of tenure

I am writing to formally inform the Board that my present tenure of 5 years as an

Independent Director of Company is drawing to a close on 7th June, 2026.

Accordingly, I will be stepping down from my position with effect from the close of

business hours on June, 2026.

Consequently, I shall also cease to be a member/chairperson of the Committees of

Board, effective from the same date.

Pursuant to Clause 7B of Part A of Schedule III of the SEBI (Listing Obligations and

Disclosure Requirements) Regulations, 2015, I hereby confirm that my resignation is

solely due to the completion of my statutory tenure as an Independent Director, and

there are no other material reasons for my resignation.

I would like to take this opportunity to express my sincere gratitude to the Board for

their cooperation during my association with the Company.

Kindly acknowledge receipt of this letter. You are requested to take this on record and

complete the necessary regulatory formalities, including filing Form DIR-12 with the

Registrar of Companies (ROC) and making the requisite disclosures to the Stock

Exchanges, as applicable.

Niraj Hareshbhai Variava

(Director)

DIN: 09197068

B-104, Mahendra Palace, Dindayal Nagar,

Opp. Union Bank, Bassein Road, Vasai (West),

Thane -401202, Maharashtra, India

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