Sparc Electrex Ltd Announces New Appointments and Director Resignation
Sparc Electrex Ltd announced several changes in its Board composition and operational structure following a meeting of its directors held on June 6, 2026. The company appointed three new Independent Directors and acknowledged the resignation of an existing director. Additionally, the Board reappointed the firm responsible for internal auditing.The appointments included Mr. Jayantilal Suthar, Mr. Rohit Bhatia, and Ms. Asha Khedia, all joining as Additional Non-Executive Independent Directors for a five-year term, subject to shareholder approval. The details of the newly appointed directors are summarized below:
| Director Name | Designation | Effective Date | Tenure |
|---|---|---|---|
| Mr. Jayantilal Suthar | Additional Non-Executive Independent Director | June 6, 2026 | 5 years |
| Mr. Rohit Bhatia | Additional Non-Executive Independent Director | June 6, 2026 | 5 years |
| Ms. Asha Khedia | Additional Non-Executive Independent Women Director | June 6, 2026 | 5 years |
Mr. Suthar was described as a highly efficient and competent Company Secretary and Cost Accountant with 15 years of experience in Accounts, Audit, Taxation, and Corporate laws. Mr. Bhatia is identified as a practicing Company Secretary specializing in corporate governance and regulatory matters under the Companies Act, 2013. Ms. Khedia has over 13 years of professional experience in Taxation and Corporate Advisory.
Niraj Variava Resigns from Directorship
Mr. Niraj Hareshbhai Variava tendered his resignation as a Non-Executive Independent Director. His tenure concluded with the close of business hours on June 7, 2026, after completing five years in the role. The Board of Directors commended Mr. Variava for his valuable contribution and guidance during his association with the company.Reappointment of Internal Auditors
On June 6, 2026, the Board of Directors reappointed M/s. Rajesh H Gupta & Co., a Chartered Accountants based in Mumbai, as the Internal Auditor of Sparc Electrex Ltd for the Financial Year 2026-27.Stock Price Movement
Sparc Electrex Ltd settled at ₹5.20 on Friday, sinking by ₹0.05 or 0.95%. The shares moved within an intraday range bounded by the low of ₹5.20 and the high of ₹5.25.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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