Sparc Electrex Rights Issue Details 2023

Sparc Electrex Limited (Formerly Known as Sparc Systems Limited) was originally incorporated on September 14, 1989. The Company was initially into the business of Video Security Systems and Electronic Document Storage Systems. However, after the takeover of the Company in October 2021 by Shobha Anant Hegde, Electrex International Private Limited and Electrex Power Tools Private Limited, the new management has discontinued its original business activities and diversified into the manufacture, imports, exports, trading and dealing in various kinds of Power Tools, Garden Tools, Cordless Tools, Hand Tools, Machinery, Spares & Accessories.

The main products range of this Sparc Electrex Ltd are following :-

1. Power Tools :- Power Tool is an electro-mechanical tool with self-contained electric or non-electric motor. Power tools are used in a broad array of commercial or industrial applications such as new construction, repairs and maintenance of structures, fabrication, assembly and manufacturing of all kinds, as well as various hobbies and craft (wood working) activities. Power Tools are used as Production Aid Tools in all most all types of industries like Engineering Workshops, Fabrication Shops, Maintenance Departments etc.

2. Metals and Steel Products :- This Company is trading of Prime Steel Products, Hot Rolled (HR) / Cold Rolled Coils, Sheets & Pipes, Mild & Stainless Steel and all kinds of Metals. Prime Steel Products are required in every segment of the steel market that enables steel mills, Alloy steel plants and Foundries across India to produce a broad range of high quality finished and semi-finished products, Sheets, Pipes & Coils.

Industrial and base metals are used in the construction, manufacturing, and technology industries and include copper, aluminium, steel, and zinc.