Sparkle Gold Rock Ltd (530037)
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Sparkle Gold's revenue was ₹12.8 Cr (+590.8% year on year, -74.8% on the previous quarter), and net profit ₹0.2 Cr (+211.5% year on year); the operating margin was 2.6%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹12.8 | +590.8% | -74.8% |
| Operating profit | ₹0.3 | from loss | -91.5% |
| Net profit | ₹0.2 | +211.5% | -91.5% |
| EPS (₹) | 0.56 | +211.1% | -91.5% |
| Operating margin | 2.6% | — | — |
📢 Recent Corporate Announcements
Sparkle Gold Rock Limited has appointed M/s Dhadda and Associates, Chartered Accountants (FRN: 013807S), as its statutory auditor. The appointment is for a term of 1 year, spanning from the conclusion of the 35th AGM to the conclusion of the 36th AGM. The decision was approved by the Board on 11th August 2026 based on the Audit Committee's recommendation and is subject to shareholder approval. The company currently holds a market cap of Rs 29 Cr with zero promoter holding.
- Appointment of M/s Dhadda and Associates (FRN: 013807S) as Statutory Auditor
- Auditor tenure set for 1 year from the 35th AGM to the 36th AGM
- Board approval was granted on 11th August 2026
- Firm established in 2012 with peer-reviewed status and PAN-India presence
Shareholders of Sparkle Gold Rock Limited approved a massive increase in the company's authorised share capital at the 35th AGM held on September 30, 2026. The authorised share capital has been expanded from ₹20,00,00,000 (divided into 2 crore equity shares of ₹10 each) to ₹2,020,00,00,000 (divided into 202 crore equity shares of ₹10 each). For a company with a current market capitalization of approximately ₹29 crore and net worth of ₹5 crore, this 101-fold expansion of authorised equity headroom typically signals intentions for substantial future equity dilution, preferential issues, or corporate restructuring. Note that promoter holding in the company currently stands at 0.0%.
- Authorised share capital raised from ₹20,00,00,000 to ₹20,20,00,00,000
- Total authorized equity share count increased from 2,00,00,000 to 2,02,00,00,000 shares of ₹10 each
- Approval granted by shareholders at the 35th AGM on September 30, 2026
- New authorised capital limit of ₹2,020 crore vastly exceeds the company's current market cap of ~₹29 crore
Sparkle Gold Rock Limited concluded its Annual General Meeting on September 30, 2026, passing all seven resolutions with the requisite majority. Key approvals included an increase in authorized share capital, an increase in borrowing limits under Section 180(1)(c), and material related-party transactions with Sparkle Gold Mines Private Limited. Additionally, shareholders approved the re-appointment of Mrs. Sarita Devi Sharma as Managing Director and the appointment of an Independent Director. Out of 1,839 shareholders on the record date, 24 attended the meeting via video conferencing.
- AGM held on September 30, 2026, concluding at 12:59 P.M. IST with 24 public shareholders attending via VC
- Total registered shareholder count stood at 1,839 as of the record date of September 24, 2026
- All 7 resolutions passed, including raising borrowing limits and altering authorized share capital
- Approval secured for material related-party transactions with Sparkle Gold Mines Private Limited (8,62,275 votes in favor, 37,500 against)
Sparkle Gold Rock Ltd's Board has granted in-principle approval for acquiring an entity engaged in marble mining, quarrying, extraction, and processing. The acquisition is proposed to be funded via preferential allotment of equity shares and/or share swap, subject to due diligence and valuation. The Board has authorized CEO Om Prakash Sharma to appoint merchant bankers, registered valuers, and legal advisors to finalize the transaction structure. Given the company's Rs 30 Cr market capitalization and 0.0% promoter holding, the proposed share swap could significantly alter the shareholding pattern.
- Board approved in-principle acquisition of a marble mining and processing entity on 27-08-2026
- Proposed consideration includes raising funds via preferential issue and/or share swap
- CEO Om Prakash Sharma authorized to appoint merchant bankers, valuers, and negotiate definitive agreements
- Target entity identity, deal valuation, and share swap ratio remain not disclosed pending due diligence
Sparkle Gold Rock has scheduled a Board of Directors meeting on Thursday, 27 August 2026, to evaluate the acquisition of an entity engaged in marble mining, extraction, and processing. The board will also consider raising funds via a preferential issue of equity shares or other eligible securities, including a share swap as consideration for the acquisition. Additionally, the company will deliberate the appointment of merchant bankers, registered valuers, and other advisors to conduct due diligence.
- Board meeting scheduled on 27 August 2026 to evaluate marble mining business acquisition
- Proposal to raise funds via preferential issue and/or share swap as purchase consideration
- Appointment of SEBI registered merchant banker and registered valuer to be considered
- Trading window closed from 20 August 2026 until 48 hours after board meeting outcome disclosure
Sparkle Gold Rock Ltd has accepted the resignation of its statutory auditors, M/s G.R. Gupta & Company, effective August 11, 2026. The resignation comes after the auditors completed the FY26 annual audit and the Q1 FY27 limited review. To fill the casual vacancy, the board has appointed M/s Dhadda and Associates, subject to shareholder approval. This governance change is notable given the company's micro-cap status (Rs 34 Cr), zero promoter holding, and high debt-to-equity ratio of 3.20.
- Statutory auditors M/s G.R. Gupta & Company resigned effective August 11, 2026.
- The outgoing auditor completed the FY26 audit report on May 29, 2026, and the Q1 FY27 review.
- M/s Dhadda and Associates (FRN: 013807S) appointed as the new statutory auditors.
- Company operates with a high debt-to-equity ratio of 3.20 and zero promoter holding as of June 2026.
- Audit Committee meeting to approve these changes was held on August 10, 2026.
Sparkle Gold Rock Ltd has announced the resignation of its statutory auditor, M/s G.R. Gupta & Company, effective August 11, 2026. The auditor, who was appointed for a 5-year term until FY29, cited that continuing at the current fee level was not commercially viable. The board has immediately appointed M/s Dhadda and Associates to fill the casual vacancy, subject to shareholder approval. The outgoing auditor completed the limited review for the quarter ended June 30, 2026, prior to their departure.
- Statutory Auditor M/s G.R. Gupta & Company resigned effective 11th August 2026.
- The auditor was originally appointed for a 5-year term from FY 2024-25 to 2028-29.
- Reason for resignation cited as 'not commercially viable to continue at the fee previously paid'.
- M/s Dhadda and Associates appointed as new Statutory Auditors effective 11th August 2026.
- Outgoing auditor issued the limited review report for Q1 FY27 on 11th August 2026 before resigning.
Sparkle Gold Rock Ltd has announced the resignation of its statutory auditor, M/s G.R. Gupta & Company, effective August 11, 2026. The auditor cited that it was 'not commercially viable' to continue at the previously paid fee. To fill this casual vacancy, the Board has appointed M/s Dhadda and Associates as the new statutory auditors, subject to shareholder approval. The outgoing auditor confirmed they completed the limited review for the quarter ended June 30, 2026, before resigning.
- Resignation of M/s G.R. Gupta & Company effective August 11, 2026, mid-way through a 5-year term (FY25-FY29).
- Appointment of M/s Dhadda and Associates (FRN: 013807S) to fill the casual vacancy.
- Outgoing auditor completed the limited review for the quarter ended June 30, 2026, prior to resignation.
- Reason for resignation explicitly stated as commercial unviability regarding the audit fee.
- The company reported TTM revenue of Rs 112 Cr and a small market cap of Rs 34 Cr.
Sparkle Gold Rock Ltd (Market Cap: ₹31 Cr) has announced the resignation of its statutory auditor, M/s G.R. Gupta & Company, effective August 11, 2026. The auditor explicitly stated that continuing was 'not commercially viable' at the current fee level. To fill this casual vacancy, the board has appointed M/s Dhadda and Associates, subject to shareholder approval. The outgoing auditor completed the limited review for the quarter ended June 30, 2026, prior to their departure.
- Statutory Auditor M/s G.R. Gupta & Company resigned effective August 11, 2026
- Resignation reason cited as 'not commercially viable' at the previously paid fee
- M/s Dhadda and Associates appointed as new auditors to fill the casual vacancy
- Outgoing auditor completed the Q1 FY27 limited review report on August 11, 2026
- Company maintains a high Debt-to-Equity ratio of 3.20 with 0.0% promoter holding
Sparkle Gold Rock Ltd (Market Cap: ₹31 Cr) has accepted the resignation of its statutory auditor, M/s G.R. Gupta & Company, effective August 11, 2026. The auditor cited that continuing at the current fee level was 'not commercially viable,' despite being appointed for a five-year term until 2029. The board has immediately appointed M/s Dhadda and Associates to fill the casual vacancy, subject to shareholder approval. The outgoing auditor completed the limited review for the quarter ended June 30, 2026, prior to their departure.
- Statutory auditor M/s G.R. Gupta & Company resigned effective August 11, 2026, citing commercial non-viability of fees.
- The auditor was originally appointed for a 5-year term spanning FY 2024-25 to 2028-29.
- Outgoing auditor issued the limited review report for Q1 FY27 (June 2026) on the same day as the resignation.
- M/s Dhadda and Associates (FRN: 013807S) appointed as the new statutory auditor to fill the casual vacancy.
- Company reports 0.0% promoter holding and a high Debt-to-Equity ratio of 3.20 as per latest context.
Sparkle Gold Rock Ltd has announced a change in its registered office address effective August 11, 2026. The office is moving from the 5th floor of Vaibhav Cine Multiplex to the 1st floor of Vaibhav Complex, both located in Vaishali Nagar, Jaipur. This is a purely administrative update and does not impact the company's operations or financials. The company currently operates with a TTM revenue of Rs 112 Cr and a market capitalization of Rs 31 Cr.
- Registered office shifted effective from August 11, 2026
- Relocation within the same locality of Vaishali Nagar, Jaipur, Rajasthan
- Board of Directors approved the proposal in a meeting held on August 11, 2026
- Company maintains a TTM revenue of Rs 112 Cr as per latest financial context
Sparkle Gold Rock reported a sharp sequential decline in performance for Q1 FY27, with revenue falling 74.8% to ₹12.78 crore compared to ₹50.73 crore in Q4 FY26. Net profit dropped 91.5% sequentially to ₹0.25 crore, although it remains higher than the ₹0.08 crore reported in the same quarter last year. A significant development is the immediate resignation of the statutory auditor, G.R. Gupta and Company, who cited that continuing at the current fee level was not commercially viable. The company's balance sheet shows a reduction in current borrowings to ₹4.89 crore from ₹16.05 crore in March 2026, but trade receivables remain high at ₹47.23 crore.
- Revenue from operations fell to ₹12.78 crore in Q1 FY27 from ₹50.73 crore in Q4 FY26.
- Net profit for the quarter stood at ₹0.25 crore, a 91.5% drop from the previous quarter's ₹2.94 crore.
- Statutory auditor G.R. Gupta and Company resigned effective August 11, 2026, citing fee-related commercial unviability.
- Current borrowings were reduced by ₹11.16 crore during the quarter to reach ₹4.89 crore.
- Trade receivables of ₹47.23 crore represent approximately 3.7x the quarterly revenue, indicating potential collection risks.
Sparkle Gold Rock reported Q1 FY27 revenue of ₹12.78 Cr, a sharp sequential decline from ₹50.73 Cr in the previous quarter, though significantly higher than the ₹1.85 Cr reported in the same quarter last year. Net profit for the quarter stood at ₹0.25 Cr. Concurrent with the results, the statutory auditor, M/s G.R. Gupta & Company, resigned citing that the current fee structure is not commercially viable. The company has appointed M/s Dhadda and Associates to fill the casual vacancy.
- Q1 FY27 revenue of ₹12.78 Cr, down 74.8% from the preceding quarter (₹50.73 Cr).
- Statutory Auditor resigned on 11-08-2026, immediately after issuing the limited review report.
- Trade receivables remain exceptionally high at ₹47.23 Cr, which is ~152% of the company's market capitalization.
- Current borrowings significantly reduced to ₹4.89 Cr from ₹16.05 Cr as of March 31, 2026.
- Net profit for the quarter was ₹0.25 Cr compared to ₹2.94 Cr in the previous quarter.
Sparkle Gold Rock Ltd has scheduled a board meeting for August 11, 2026, to approve its financial results for the quarter ended June 30, 2026. A critical agenda item is the resignation of the current statutory auditor and the proposed appointment of M/s. Dhadda and Associates to fill the casual vacancy. The board will also consider shifting the registered office within Jaipur and amending previous audit committee minutes. This meeting is significant given the company's micro-cap status (Rs 30 Cr) and its unusual 0% promoter holding structure.
- Board meeting scheduled for 11-08-2026 to approve Q1 FY27 audited financial results.
- Proposed appointment of M/s. Dhadda and Associates (FRN: 013807S) as new Statutory Auditor following a resignation.
- Registered office to be shifted within Jaipur to Vaibhav Complex, Vaishali Nagar.
- Company reported a significant revenue jump to Rs 112 Cr in FY26 from just Rs 9 Cr in FY25.
- Promoter holding remains at 0.0% as of the June 2026 quarter.
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