Sharp Investments Approves Acquisition of RLCPL via Share Swap

Sharp Investments Ltd's Board of Directors met on July 13, 2026, approving a significant acquisition of M/s Rajal Lefin & Commercial Private Limited (RLCPL). The company will acquire 100% equity shareholding of RLCPL, comprising 45,85,860 equity shares of Rs. 10 each, for a total consideration of Rs. 27,51,51,600. This acquisition will be executed through a share swap, involving the issuance and allotment of 27,51,51,600 equity shares of Sharp Investments Ltd (face value Re. 1 each) at a price of Re. 1 per share to RLCPL's shareholders. Consequently, RLCPL will become a wholly-owned subsidiary of Sharp Investments Ltd. The board also approved an increase in authorized share capital from Rs. 24.25 crore to Rs. 51.80 crore, subject to shareholder approval. Valuation and due diligence reports for the acquisition were taken on record.