SPARC ELECTREX MD, chairman, board of directors and AGM
BSE: 531370IT - SoftwareSmall Cap
Share price at the BSE close on 23 Oct 2026. Previous close ₹3.60.
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies.
- ₹7.82 Cr5,018th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit.
- Lossover the last 12 months
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. The filing of 23 Jun 2026
- 0.6
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- Nonein the last 12 months
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it. The filing of 14 Aug 2026
- −25.8%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet. The filing of 14 Aug 2026
- −33.4%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026. The filing of 23 Jun 2026
- 0.01
- Volume, BSEVolume. Shares traded on the last trading day.
- 404
SPARC ELECTREX board of directors
At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares
- Chairperson and managing directorSHOBITH GANESH HEGDE
- Company Secretary and Compliance OfficerNiki Singh
7 directors5 independent2 executive
- SHOBITH GANESH HEGDE · Chairperson and managing directorExecutive · joined Oct 2021 · reappointed Aug 2024 · 1 listed board
- RAVIKUMAR BYRAPATNA CHANNAPPAExecutive · joined Jun 2020 · 1 listed board
- ASHOK CHHAGANBHAI PATELIndependent · joined Apr 2022 · 53 months as independent · 2 listed boards · 2 as independent · 4 committee seats, 4 as chair
- SUSHMITA SWARUP LUNKADIndependent · joined Apr 2022 · 53 months as independent · 2 listed boards · 2 as independent · 4 committee seats
- ROHIT BHATIAIndependent · joined Jun 2026 · 1 month as independent · 1 listed board · 2 as independent · 2 committee seats
- JAYANTILAL RAGHUNATHRAM SUTHARIndependent · joined Jun 2026 · 1 month as independent · 1 listed board · 2 committee seats
- ASHA SHRAVAN KUMAR KHEDIAIndependent · joined Jun 2026 · 1 month as independent · 1 listed board · 2 committee seats
An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.
2 directors who left
- NIRAJ HARESHBHAI VARIAVA, left 7 Jun 2026: Tenure Completion
- SURESH VISHWANATHAN, left 24 Apr 2026: Others
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 23 Jun 20267 of 7 present5 independent · 16 days in between
- 6 Jun 20265 of 5 present3 independent · 42 days in between
- 24 Apr 20266 of 6 present3 independent · 64 days in between
- 18 Feb 20266 of 6 present3 independent
Audit Committee
Chair ASHOK CHHAGANBHAI PATEL
SUSHMITA SWARUP LUNKAD, ROHIT BHATIA
- 23 Jun 20263 of 5 present3 independent · 16 days in between
- 6 Jun 20263 of 3 present3 independent · 42 days in between
- 24 Apr 20263 of 3 present3 independent · 64 days in between
- 18 Feb 20263 of 3 present3 independent
Nomination and remuneration committee
Chair ASHOK CHHAGANBHAI PATEL
SUSHMITA SWARUP LUNKAD, ROHIT BHATIA
- 6 Jun 20263 of 3 present3 independent · 42 days in between
- 24 Apr 20263 of 3 present3 independent
Stakeholders Relationship Committee
Chair ASHOK CHHAGANBHAI PATEL
SUSHMITA SWARUP LUNKAD, ROHIT BHATIA
No meeting listed in the filing.
RIGHT ISSUE COMMITTEE
Chair ASHOK CHHAGANBHAI PATEL
SHOBITH GANESH HEGDE, ROHIT BHATIA
No meeting listed in the filing.
Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.
Statutory auditor
Named in the results for the quarter to Mar 2026.
- MOTILAL ASSOCIATES & LLPPeer-review certificate valid to Aug 2026
A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.
SPARC ELECTREX AGM and shareholder votes
Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.SPARC ELECTREX share news and announcements
Annual general meeting, 30 Sep 2026
9,082 shareholders on the register on 23 Sep 2026; present: 2 promoters and 40 others; votes counted by PANKAJ TRIVEDI / PANKAJ TRIVEDI & CO..The company's voting result (opens in a new tab)
To receive, consider and adopt the Audited Standalone Financial Statements of the Company consisting of the Balance Sheet, Statement of Profit and Loss and Cash Flow Statement for the financial year ended March 31, 2026 together with the Reports of the Board of Directors and Auditors thereon.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 5.44% · promoters 100.00% · institutions 0.00% · other public 3.90%
To appoint a Director in place of Mr. Ravikumar Byrapatna Channappa (DIN: 06595061) who retires by rotation in terms of Section 152(6) of the Companies Act, 2013 and being eligible, offers himself for re-appointment.MoreLess
Ordinary99.81% for0.19% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.27%
Turnout: all 5.44% · promoters 100.00% · institutions 0.00% · other public 3.90%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 5 Sep 2026, 3 resolutions
9,047 shareholders on the register on 31 Jul 2026; votes counted by Pankaj Trivedi / Pankaj Trivedi & Co..The company's voting result (opens in a new tab)
- Appointment of Ms. Asha Shravan Kumar Khedia (DIN: 11743210) as an Independent Women Director of the Company for the first term of 5 consecutive years.Special94.40% for5.60% against
Against: promoters 0.00% · institutions 0.00% · other public 8.52%
Turnout: all 4.65% · promoters 100.00% · institutions 0.00% · other public 3.12%
- Appointment of Mr. Jayantilal Raghunathram Suthar (DIN: 07265227) as an Independent Director of the Company for the first term of 5 consecutive years.Special92.10% for7.90% against
Against: promoters 0.00% · institutions 0.00% · other public 12.02%
Turnout: all 4.65% · promoters 100.00% · institutions 0.00% · other public 3.12%
- Appointment of Mr. Rohit Bhatia (DIN: 10942375) as an Independent Director of the Company for the first term of 5 consecutive years.Special92.10% for7.90% against
Against: promoters 0.00% · institutions 0.00% · other public 12.02%
Turnout: all 4.65% · promoters 100.00% · institutions 0.00% · other public 3.12%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Fines
Reported in the filing for the quarter to Jun 2026.
- Fine or penaltyBombay Stock ExchangeSince 17 Mar 2026
The Exchange vide its email dated 17.03.2026 and reminder mail on 02.04.2026 has advised Company to pay a fine of Rs.11,800/- (Incuding GST) towards non-submission of financial results by the Company for the quarter and nine months ended 31.12.2025. No Action has been taken against the Company by BSE or any regulatory, except as advised for payment of fine.
Regulation 33 Delay of 2 days in submission of the unaudited financial results for quarter ended 31.12.2025. - Fine or penaltyBombay Stock ExchangeSince 22 Jun 2026
The Exchange vide its email dated 22.06.2026 has advised Company to pay a fine of Rs.49,560/- (Incuding GST) towards non-submission of Secretarial Compliance Report by the Company for the year ended 31.03.2026 No Action has been taken against the Company by BSE or any regulatory, except as advised for payment of fine.
Regulation 24A(2) Delay of 21 days in Submission of Secretarial Compliance Report for F.Y. ended 31.03.2026 - Fine or penaltyBombay Stock ExchangeSince 30 Jun 2026
The Exchange vide its email dated 30.06.2026 has advised Company to pay a fine of Rs.1,29,800/- (Incuding GST) towards delay in submission of Financial Results by the Company for the quarter/year ended 31.03.2026. No Action has been taken against the Company by BSE or any regulatory, except as advised for payment of fine.
Regulation 33 Delay of 21 days in submission of the Audited financial results for quarter and year ended 31.03.2026
In the company's own words, from its latest governance filing.
Investor complaints and compliance
Quarter by quarter.
Investor complaints received and resolved, the company's own count
- Received
- Resolved
Open at the quarter's end
- The board is made up as the listing rules require
- Yes
- The board has a regular chairperson
- Yes
- The company has a risk management committee
- No
- The chair is related to the managing director
- Yes
- The filing has a part on fines and penalties
- Yes
- The filing has a part on tax disputes
- No
- There was a cyber security incident in the quarter
- No
The company's own answers in its filing.
How money raised was used
Reported for the quarter to Mar 2026. The company's results filing for the quarter to Jun 2026 says no statement of how money raised was used applies to it. A warrant or partly paid issue plans the whole issue while the money comes in over time, so the amount set aside can be more than raised so far.
| Raised | Amount raised | For | Set aside | Spent | Spent elsewhere |
|---|---|---|---|---|---|
| Rights IssuesApr 2023 | 27.87 | – | – | No |