Sparc Electrex Limited has submitted a regulatory disclosure to the Bombay Stock Exchange regarding the resignation of a director.
Key Details of Resignation
- Name and DIN: Mr. Niraj Hareshbhai Variava (DIN: 09197068)
- Position: Non-Executive Independent Director
- Effective Date of Cessation: 7th June 2026, at the close of business hours
- Reason for Resignation: Completion of his present tenure of 5 years as an Independent Director of the Company
- Additional Confirmation: Mr. Variava has confirmed that there are no material reasons for his resignation other than those mentioned in his resignation letter
Board Approval
The Board of Directors of the Company approved the resignation in its meeting held on Saturday, 6th June 2026. The Board placed on record its appreciation for the valuable contribution and guidance provided by Mr. Variava during his association with the Company as an Independent Director.
Additional Information from Annexure
- The resigning director holds no directorships in other listed entities
- The resignation letter has been enclosed with the submission
- The director will also cease to be a member/chairperson of the Committees of Board effective from the same date (7th June 2026)
Financial Impact
No financial impact has been quantified or mentioned in the disclosure.