Sharpline Broadcast Ltd — Important, 24-02-2026: Company Update

Sharpline Broadcast's board approved the allotment of 1.19 crore new equity shares at Rs. 14 each through a preferential issue, raising Rs. 16.60 crore by converting existing loans into equity. This decision increases the company's paid-up share capital from Rs. 16.78 crore to Rs. 28.63 crore. This strategic move strengthens the balance sheet by reducing debt and boosting equity, although it will result in dilution for current shareholders. The company will now proceed with applying for listing and trading approvals for these newly issued shares.