Sharp India Ltd — Important, 21-04-2026: Company Update

Sharp India shareholders are part of an Open Offer by Smart Services Private Limited to acquire 64.86 lakh shares at Rs. 10 each, worth up to Rs. 6.49 crore. This follows Smart Services' deal to buy 75% from the current promoter, Sharp Corporation. The acquisition gives Smart Services control and makes it the new promoter. Notably, the offer price is Rs. 10, even though a valuation certificate indicates a NIL fair value per share, reflecting Sharp India's history of significant losses and negative net worth. The Acquirer intends to continue the business, but post-offer public shareholding may fall below 25%, requiring compliance measures.