SPARC Receives Promoter Reclassification Requests for 1.85% Stake

Date: July 27, 2026

Shareholder Reclassification Requests

The company has received requests on July 27, 2026 from three individuals currently classified as members of the Promoter Group, seeking reclassification of their status from 'Promoter Group' category to 'Public' category under Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Shareholder Details

• Mr. Sudhir Vrundavandas Valia: 1,833,951 shares (0.57% of share capital)
• Mrs. Raksha Sudhir Valia: 4,145,231 shares (1.28% of share capital)
• Mrs. Krishna Vrundavandas Valia: Number of shares not specified in the disclosure
• Total shares subject to reclassification: 5,979,182 shares (1.85% of share capital)

Next Steps

The requests will be examined by the Company in accordance with the applicable provisions of the Listing Regulations and shall be placed before the Board of Directors for its consideration in due course. Subject to the approval of the Board and completion of the prescribed process, the Company will take necessary steps, including submission of the application to the stock exchanges.