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

Date: 06.06.2026

To,

The Bombay Stock Exchange,

Corporate Compliance

Phiroze Jeejeebhoy Towers,

Dalal Street, Fort,

Mumbai - 400001

Ref: BSE Script Code: 531370

Sub: Statement of Deviation or Variation under Regulation 32 of SEBI (Listing Obligations

and Disclosure Requirement) Regulations, 2015 for quarter ended 31.03.2026

Dear Sir/Madam,

Pursuant to Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirement)

Regulations, 2015, we hereby confirm that there is no deviation or variation in the use of

proceeds from the objects stated in the Letter of Offer for Rights Issue of the Company, dated

February 14, 2023. A statement confirming that there is no deviation or variation in the

utilisation of these proceeds is attached herewith for quarter ended 31.03.2026.

You are requested to kindly take this on record.

Thanking you.

Yours Faithfully,

For Sparc Electrex Limited

Shobith Ganesh Hegde

(Managing Director)

DIN: 02211021

Place: Mumbai

Encl: as above

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Statement of Deviation/Variation in the Utilisation of Funds Raised

Name of Listed entity Sparc Electrex Limited

Mode of Fund Raising Rights Issue

Date of Raising Funds The Company has made an allotment of

1,46,67,000 partly paid-up equity shares on 24th

April, 2023 with a face value of Rs. 10/- each (Rs.

2.50/- paid up) which were issued at a price of Rs.

19.00/- (including premium of Rs. 9/- per share)

as per the Letter of Offer dated February 14, 2023.

Amount Raised Rs. 27,86,73,000/- (Refer note below)

Report filed for Quarter ended 31st March, 2026

Monitoring Agency Not Applicable

Monitoring Agency Name, if applicable -

Is there a Deviation / Variation in use of funds

raised

No deviation.

Amount has been used as per the object of the

issue.

If yes, whether the same is pursuant to change

in terms of a contract or objects, which was

approved by the shareholders

N.A.

If Yes, Date of shareholder Approval N.A.

Explanation for the Deviation / Variation N.A.

Comments of the Audit Committee after review N.A.

Comments of the auditors, if any N.A.

Objects for which funds have been raised and where there has been a deviation, in the

following table:-

Original

Object

Modified

Object, if

any

Original

Allocation

Modified

Allocation,

if any

Funds

Utilised

Amount of Deviation/

Variation for Quarter

according to

applicable object

Remarks,

if any

NIL

Deviation or variation could mean:

a. Deviation in the objects or Purposes for which the funds have been raised or

b. Deviation in the amount of funds actually utilized as against what was originally disclosed or

c. Change in terms of a contract referred to in the fund raising document i.e. Prospectus, letter of offer,

etc.

You are requested to acknowledge receipt of the same.

Thanking you.

Yours Faithfully,

For Sparc Electrex Limited

Shobith Ganesh Hegde

(Managing Director)

DIN: 02211021

Place: Mumbai

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Note:

1. The Company has received total money of Rs.6,96,68,250/- on application on 1,46,67,000 share

issued on rights basis. The Company had made a first and final call on 1,46,67,000 share vide its

First and final call money notice to the holders of partly paid-up equity shares dated 20th June, 2023

and received balance call money of Rs.14.25/- each on 16,00,904 shares during the quarter ended

30.09.2023 aggregating to total call money of Rs.2,28,12,882/-.

2. Then the Company had issued First Reminder-Cum-Forfeiture Notice to the holders of outstanding

1,30,66,096 partly paid-up equity shares, dated 31st August, 2023 and received other chunk of

balance call money of Rs.14.25/- each on 6,31,305 shares aggregating to total call money of Rs.

89,96,096.25/-.

3. Then the company had issued Second Reminder-Cum-Forfeiture Notice to the holders of outstanding

1,24,34,791 partly paid-up equity shares, dated 09th February, 2024 and received other chunk of

balance call money of Rs. 14.25/-each on 13,53,058 shares aggregating to total call money of Rs.

1,92,81,076.50/-.

4. Then the company had issued Third and final Reminder-Cum-Forfeiture Notice to the holders of

outstanding 1,10,81,733 partly paid-up equity shares, dated 26th March, 2024 and received other

chunk of balance call money of Rs. 14.25/-each on 15,48,958 shares aggregating to total call money

of Rs. 2,20,72,651.50/-.

Thanking you.

Yours Faithfully,

For Sparc Electrex Limited

Shobith Ganesh Hegde

(Managing Director)

DIN: 02211021

Place: Mumbai

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