Sharp India: Open Offer for 25% Shares at ₹10 Each

Navigant Corporate Advisors Ltd., acting as Manager to the Offer, has announced the opening of an open offer for Sharp India Ltd. The offer, made by Smart Services Private Limited, aims to acquire up to 64,86,000 equity shares, representing 25% of the total equity share capital, at a price of ₹10.00 per share. The Committee of Independent Directors has opined that the offer price is justified. The Letter of Offer was dispatched to shareholders on June 8, 2026, and the Detailed Public Statement was published on April 21, 2026. Several new directors have been appointed to the Target Company's board.