Sharpline Broadcast Ltd — Important, 26-12-2025: Company Update

The company's board has approved issuing 1,27,69,229 new equity shares at Rs. 13 each to convert unsecured loans totaling Rs. 16.60 Cr. This move, pending shareholder approval at an Extra-Ordinary General Meeting on Thursday, 22nd January 2026, aims to strengthen the balance sheet by converting debt into equity. The conversion will reduce interest burden and enhance the company's net worth, a key positive for its financial health and stability. Four non-promoter creditors will receive these shares.