SHARP INDIA LTD.

Sharp India Ltd has announced the reclassification of its promoter. Sharp Corporation, Japan has ceased to be the promoter and has been categorized under the public category. This follows the acquisition of 1,94,58,000 equity shares, representing 75% of the total paid-up share capital, by Smart Services Private Limited (SSPL) from Sharp Corporation on April 14, 2026. The transaction triggered a mandatory open offer as per SEBI regulations. Consequently, SSPL is now categorized under Promoter & Promoter Group, and the company's board has been reconstituted. All regulatory requirements for this reclassification have been met.

Sharp India Ltd announced a significant rebranding initiative following a Board Meeting held on July 2, 2026. The company plans to change its name to "SMAART TECH SERVICES LIMITED". This change is subject to regulatory and shareholder approvals. The Board also approved alterations to the Memorandum and Articles of Association to reflect the new business focus, which includes expanding into various infrastructure, logistics, IT, and healthcare-related services. Financials will be prepared on a going concern basis. The meeting commenced at 12:45 PM and concluded at 1:20 PM.

Sharp India Ltd has announced securing a significant order worth INR 7.93 Crores (excluding GST) from Energygov Manpower Agency India Private Limited. The contract involves the supply of machinery, accessories, and equipment, with an execution period of one month. Payment terms are tied to the submission of E-Way Bills, and GST and other applicable taxes will be charged as per prevailing regulations. This order is classified as a domestic contract, and there is no stated interest from promoters or promoter groups in the awarding entity.

Sharp India Ltd has announced the closure of its trading window for all designated persons and their immediate relatives, effective July 1, 2026. This measure is in compliance with the company's Insider Trading Code and SEBI regulations. The trading window will reopen 48 hours after the board meeting where the unaudited financial results for the quarter ended June 30, 2026, are approved. The exact date of this board meeting will be communicated separately.

Sharp India Ltd has announced the publication of a pre-offer advertisement in terms of SEBI (SAST) Regulations, 2011. The advertisement, issued by Navigant Corporate Advisors Limited on behalf of Smart Services Private Limited, pertains to an open offer for up to 64,86,000 equity shares, representing 25% of the company's capital, at an offer price of ₹10.00 per share. The Committee of Independent Directors has deemed the offer price justified. The Letter of Offer was dispatched on June 8, 2026, and the Draft Letter of Offer was submitted to SEBI on April 28, 2026, with final observations received on May 29, 2026. The acquirer has also recently acquired 1,94,58,000 equity shares.

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.

Navigant Corporate Advisors Ltd., acting as the Manager to the Offer, has submitted the recommendations of the Committee of Independent Directors (IDC) regarding the open offer for Sharp India Limited's equity shares. The IDC has reviewed the offer documents and believes the open offer, priced at Rs. 10.00 per share, is fair and reasonable. They recommend shareholders accept the offer, citing the offer price's reasonableness in light of the company's negative book value and profitability, and its alignment with the price in the Share Purchase Agreement (SPA). The fair value of the equity shares was certified as NIL by a registered valuer.

Sharp India Ltd announced the outcome of its Independent Directors' meeting held on June 11, 2026. The committee reviewed the open offer made by Smart Services Private Limited to acquire up to 64,86,000 equity shares at ₹10 per share, representing 25% of the company's capital. The Independent Directors concluded that the open offer price is fair and reasonable.

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.