SHARP INDIA LTD.

Sharp India Ltd held its 295th Board Meeting on June 5, 2026. The board approved changes to Key Managerial Personnel (KMPs) authorized for disclosures to stock exchanges under Regulation 30(5) of the Listing Regulations. The updated contact details for these KMPs, including the Managing Director, CFO, and Company Secretary, were provided. Additionally, the new management is exploring business activities aimed at revenue generation and company growth, with further updates to be communicated to stakeholders as required.

Sharp India Ltd announced significant management changes following its 295th Board Meeting held on June 5, 2026. The company accepted the resignations of its Managing Director, Mr. Makarand Date, along with several Non-Executive Directors and Independent Directors. Concurrently, the Board approved the appointment of Mr. Anant Raghute as the new Managing Director for a three-year term, subject to shareholder approval. Mrs. Padmini Urane has also been appointed as the new Chief Financial Officer, effective June 16, 2026. These changes are effective from the conclusion of the 294th Board Meeting.

Sharp India Ltd announced the appointment of six new directors to its Board of Directors following a meeting on June 5, 2026. The appointments include Mr. Anant Raghute, Mr. Sandeep Deshmukh, and Mr. Salil Halve as Additional Non-Executive, Non-Independent Directors. Additionally, Mr. Yashavant Avatade, Mr. Sanjeev Mahajan, and Ms. Bhakti Hosalkar have been appointed as Additional Non-Executive, Independent Directors. All appointed directors will hold office until the ensuing Annual General Meeting, with the independent directors serving a five-year term subject to member approval. These appointments were made based on the recommendation of the Nomination and Remuneration Committee.

Sharp India Ltd has submitted a Letter of Offer to SEBI for an open offer, as required by the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The offer is being made by Smart Services Private Limited to acquire up to 64,86,000 equity shares, representing 25.00% of the company's fully paid-up equity and voting share capital, at a price of ₹10 per share. This open offer is for substantial acquisition of shares accompanied by a change in control and is not conditional upon any minimum acceptance level. No statutory approvals are currently required for this offer.

Sharp India Ltd has issued a corrigendum to its Detailed Public Statement (DPS) dated June 4, 2026, concerning an open offer by Smart Services Private Limited. The corrigendum, issued by Navigant Corporate Advisors Limited, clarifies details related to the open offer for Sharp India's equity shares. The original DPS was published on April 21, 2026. The filing indicates an update in the schedule of activities for the open offer, with some dates revised. The core terms of the open offer, including the acquisition of 1,94,58,000 equity shares by the acquirer on June 2, 2026, remain unchanged.

Navigant Corporate Advisors Ltd., acting as the Manager to the Offer, has submitted a Letter of Offer to BSE for the equity shareholders of Sharp India Ltd. This open offer, made by Smart Services Private Limited, aims to acquire up to 64,86,000 equity shares, representing 25.00% of the company's fully paid-up equity and voting share capital, at a price of ₹10 per share. The offer is being made under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, for substantial acquisition of shares/voting rights accompanied by a change in control. No statutory approvals are currently required for this offer.

Navigant Corporate Advisors Ltd., acting as the Manager to the Offer, has submitted a corrigendum to the Detailed Public Statement for Sharp India Ltd. shareholders. This corrigendum relates to the open offer for acquiring equity shares by Smart Services Private Limited. The original Detailed Public Statement was published on April 21, 2026. The corrigendum updates the schedule of activities for the open offer, including revised dates for the dispatch of the letter of offer, opening and closure of the offer, and post-offer advertisements. The offer is for up to 64,86,000 Equity Shares, representing 25.00% of the company's share capital.

Smart Services Private Limited has disclosed a substantial acquisition of shares in Sharp India Limited through an off-market transaction. The acquisition, completed on June 2, 2026, resulted in Smart Services acquiring 75.00% of the total voting capital of Sharp India. This move signifies a significant shift in the shareholding structure of Sharp India, with Smart Services poised to become a promoter following the completion of an open offer.

Smart Services Private Limited has acquired a 75% stake in Sharp India Limited through an off-market purchase of 1,94,58,000 shares. The acquisition was executed in accordance with a Share Purchase Agreement dated April 14, 2026, with Sharp Corporation. This transaction significantly increases Smart Services' shareholding from 0% to 75% in Sharp India. The disclosure was made under Regulation 18(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.

Sharp Corporation, Japan has disclosed the sale of 1,94,58,000 equity shares, representing 75.00% of the total equity, in Sharp India Limited. The sale was executed via an Off-Market Transfer pursuant to a Share Purchase Agreement dated April 14, 2026. This transaction signifies a major divestment by Sharp Corporation from its Indian subsidiary. The equity share capital of Sharp India remains unchanged at Rs 25,94,40,000, consisting of 2,59,44,000 equity shares of Rs 10.00 each, both before and after the sale.