Sharika Enterprises Ltd

Sharika Enterprises Ltd has announced the receipt of a significant purchase order from LS Cable India Private Limited. The order is for the supply of 24F & 48F OPGW Cable, with a total consideration of ₹1,78,01,789. The contract is to be executed by September 14, 2026. This order represents a key business development for Sharika Enterprises, reinforcing its position in the supply of specialized cables. The company has confirmed that there is no interest from promoters or promoter groups in the awarding entity, and the contract does not fall under related party transactions.

Sharika Enterprises Ltd has received a significant work order from Punjab Energy Development Agency, a Punjab Government Undertaking. The order is for the design, supply, installation, and commissioning of 12-watt LED-based SPV Street Lighting Systems across the State of Punjab. The total consideration for this project amounts to Rs. 10,42,38,292/-. The contract is to be executed within 120 days. This award signifies a substantial business win for Sharika Enterprises in the renewable energy and infrastructure sector.

Sharika Enterprises Ltd announced that its Board of Directors, in a meeting held on August 12, 2026, approved the Un-Audited Financial Results for the quarter ended June 30, 2026. The results were reviewed by the Audit Committee and subsequently approved by the Board. The auditor's report highlighted concerns regarding inventory valuation and advances to suppliers, stating that provisions for obsolescence and recoverability of advances have not been made, impacting the ability to comment on the true financial position.

Sharika Enterprises Ltd announced that its Board of Directors, in a meeting held on August 12, 2026, approved the un-audited financial results for the quarter ended June 30, 2026. The results were reviewed by the Audit Committee prior to board approval. The filing also includes a limited review report from R D V & Associates, Chartered Accountants. The report highlights concerns regarding slow-moving inventories amounting to ₹149.25 lakhs for which no provision for obsolescence has been made, and non-reconciliation of certain balances aggregating to ₹210.66 lakhs with suppliers and others.

Sharika Enterprises Ltd has announced that its Board of Directors will convene on August 12, 2026, in Noida, Uttar Pradesh. The primary agenda item for this meeting is the consideration and approval of the Un-Audited Financial Results (Standalone and Consolidated) for the quarter ended June 30, 2026. The meeting will also address any other business as permitted by the Chairperson. This announcement is made in compliance with SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015.

Sharika Enterprises Ltd has issued a second corrigendum to its Extra-Ordinary General Meeting (EGM) notice dated June 23, 2026. This corrigendum, dated July 16, 2026, informs shareholders about changes to the proposed preferential issue. Specifically, two proposed allottees, Mr. Amit Dayalji Chauhan and Mr. Mehul Suryakant Jain, have been disqualified due to breaches of SEBI (ICDR) Regulations, 2018. Their names have been removed, and the shares are now proposed to be allotted to Mr. Surendra Shashikant Parikh and Ms. Bhavna Parasmal Chordiya, respectively. The corrigendum also updates the Permanent Account Numbers (PAN) for these new allottees in the explanatory statement. The EGM is scheduled for July 17, 2026, via Video Conference/Other Audio-Visual Means.

Sharika Enterprises Ltd's Board of Directors, in a meeting held on July 16, 2026, approved the substitution of two proposed allottees for its preferential issue. This change was necessitated because the original allottees ceased to be eligible due to the sale of company equity shares. The revised list of investors includes Surendra Shashikant Parikh and Bhavna Parasmal Chordiya, replacing Amit Dayalji Chauhan and Mehul Suryakant Jain, respectively. All other terms of the preferential issue, including the issue price and number of shares, remain unchanged. The Board also approved the issuance of a Second Corrigendum to the Extraordinary General Meeting Notice to reflect these changes.

Sharika Enterprises Ltd has issued a corrigendum to its Extra Ordinary General Meeting (EGM) Notice dated June 23, 2026. The corrigendum addresses changes to the original notice, which was emailed to shareholders on June 25, 2026. Key amendments include replacing 'NSDL' with 'CDSL' for e-voting, updating the cut-off date for e-voting to July 10, 2026, and revising the e-voting period to July 14-16, 2026. The designated email for non-individual shareholders and custodians for remote voting is now cs@sharikaindia.com. The explanatory statement for Item No. 1 regarding the objects of the preferential issue has also been updated. These changes are made pursuant to SEBI regulations and observations from the BSE regarding a proposed preferential issue of Equity Shares and Convertible Warrants.

Sharika Enterprises Ltd has announced the closure of its trading window from July 01, 2026, in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015. This closure is to facilitate the consideration of the Un-audited Financial Results (Consolidated & Standalone) for the quarter ending June 30, 2026. The trading window will reopen 48 hours after the financial results are made public. All designated employees and their immediate relatives are restricted from trading in the company's securities during this period.

Sharika Enterprises Ltd has announced an Extraordinary General Meeting (EGM) scheduled for Friday, July 17, 2026, at 4:00 PM IST. The meeting will be conducted via Video Conferencing or Other Audio-Visual Means. A key agenda item is the consideration and approval for the issuance of up to 1,51,49,079 equity shares on a preferential basis to non-promoter entities. The issue price is set at ₹14.33 per share, with a total issue size not exceeding ₹21.71 crore. The record date for determining shareholders eligible for e-voting is July 10, 2026, with remote e-voting commencing on July 14 and concluding on July 16, 2026.