Quarterly Updates24 Feb 2026, 04:52 pm
Sharpline Broadcast Ltd. Approves Allotment of 1,18,57,140 Equity Shares on Preferential Basis
AI Summary
Sharpline Broadcast Ltd. has approved the allotment of 1,18,57,140 fully paid-up equity shares at an issue price of INR 14/- per equity share, including a premium of INR 4/-. This allotment is pursuant to the conversion of loan to the allottees, amounting to Rs. 16,59,99,960. The company's paid-up equity share capital will increase from Rs. 16,77,77,760 to Rs. 28,63,49,160. The allotted shares will rank pari-passu with the existing equity shares of the company. The company will apply for listing and trading approval for the newly allotted equity shares in due course of time.
Key Highlights
- Sharpline Broadcast Ltd. approves allotment of 1,18,57,140 equity shares on preferential basis.
- The allotment is pursuant to the conversion of loan to the allottees, amounting to Rs. 16,59,99,960.
- The company's paid-up equity share capital will increase from Rs. 16,77,77,760 to Rs. 28,63,49,160.
- The allotted shares will rank pari-passu with the existing equity shares of the company.
- The company will apply for listing and trading approval for the newly allotted equity shares.