Sharp India Ltd — Important, 28-04-2026: Company Update

Smart Services Private Limited has initiated a mandatory open offer for SHARP INDIA LIMITED. This follows its agreement to acquire a 75% stake from Sharp Corporation at Rs. 10 per share, giving Smart Services control. The open offer seeks to acquire up to 64.86 lakh equity shares, representing 25% of SHARP INDIA LIMITED's capital, also at Rs. 10 per share. The total consideration for this offer is Rs. 6.486 crore. Smart Services aims to grow and potentially diversify SHARP INDIA LIMITED's business, intending to maintain its listing. The current promoter will be reclassified as a public shareholder. Financial arrangements for the offer are secured.