Sharp India Ltd — Important, 05-06-2026: Company Update

SHARP INDIA LIMITED

Registered Office & Factory

Gat.no. 686/4, Koregaon Bhima, Tal. Shirur

District, Pune Pin: 412 216.

Phones : (02137) 670000/01.

Website: www.sharpindialimited.com

Email ID: secretarial@sil.sharp-world.com

CIN : L36759MH1985PLC036759

05/06/2026

To,

Corporate Relationship Dept,

BSE Limited

25th Floor, P J Towers, Dalal Street,

Mumbai 400001

Company Scrip Code: 523449

Dear Sir,

Sub : Outcome of the 294th Board meeting of the Company held on Friday, 5th June,

2026

Ref : Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements)

Regulations, 2015 (the Listing Regulations).

This is to inform that on the recommendation of the Nomination and Remuneration Committee,

the Board of Directors of the Company in its meeting held Friday, 5th June 2026 have approved

the following:

1) The appointment of Mr. Anant Raghute (DIN: 05151874) as an Additional (Non- Executive,

Non-Independent) Director on the Board of Company with effect from 5th June 2026, who

shall hold office till the ensuing Annual General Meeting. The details as required under the

Listing Regulations read with HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January

30, 2026 is enclosed as Annexure I.

2) The appointment of Mr. Sandeep Deshmukh (DIN: 06775847) as Additional (Non- Executive,

Non-Independent) Director on the Board of Company w.e.f 5th June 2026 who shall hold

office till the ensuing Annual General Meeting. The details as required under the Listing

Regulations read with HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026

is enclosed as Annexure II.

3) The appointment of Mr. Salil Halve (DIN:10715453) as Additional (Non- Executive, Non-

Independent) Director on the Board of Company w.e.f 5th June 2026 who shall hold office till

the ensuing Annual General Meeting. The details as required under the Listing Regulations

read with HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 is enclosed

as Annexure II.

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4) The appointment of Mr. Yashavant Avatade (DIN: 11696640) as Additional (Non- Executive,

Independent Director) on the Board of Company who shall hold office till the ensuing Annual

General Meeting for the term of five years w.e.f 5th June 2026 subject to approval of

members. The details as required under the Listing Regulations read with

HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 is enclosed as

Annexure III.

5) The appointment of Mr. Sanjeev Mahajan (DIN: 02683592) as Additional (Non- Executive

Independent) Director on the Board of Company who shall hold office till the ensuing Annual

General Meeting for the term of five years w.e.f 5th June 2026 subject to approval of

members. The details as required under the Listing Regulations read with

HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 is enclosed as

Annexure III.

6) The appointment of Ms. Bhakti Hosalkar (DIN: 07445839) as Additional (Non- Executive,

Independent) Director on the Board of Company who shall hold office till the ensuing Annual

General Meeting for the term of five years w.e.f 5th June 2026 subject to approval of

members. The details as required under the Listing Regulations read with

HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 is enclosed as

Annexure III.

The meeting of Board of Directors commenced at 11:00 a.m. and concluded at 11:30 a.m.

Kindly request you to take the submissions on record.

Thanking you.

Yours faithfully,

For Sharp India Limited

Chandranil Belvalkar

Company Secretary

Membership No. A24015

Encl: as above

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Annexure I

Appointment of Mr. Anant Raghute (DIN: 05151874) as Additional (Non- Executive Non-

Independent) Director of the Company.

Sr.

No

Particulars Details

1. Name of Director

Mr. Anant Raghute

Director Identification Number (DIN)

05151874

2 Reason for change Mr. Anant Raghute is appointed as

Additional Director.

3.

Date of appointment 5th June 2026

Term of appointment Mr. Anant Raghute is appointed as

Additional Director and shall hold office till

the ensuing Annual General Meeting.

4. Brief Profile Mr. Anant Raghute holds a B.E. in

Computer Science from Kavi Kulguru

Institute of Technology & Science, Ramtek.

He built a strong technical foundation

through key roles at leading companies

such as HP, EDS, and HCL Technologies.

He is an ISTQB-certified software testing

professional, a Diverse Board Member,

and a certified Independent Director from

the Institute of Directors, India. With over

26 years of experience, he has worked

across strategic planning, operational

excellence, and large-scale government

digitization projects. He has also served for

more than 14 years as a Director on the

boards of companies in the technology, e-

governance, e-commerce, and healthcare

sectors.

5. Disclosure of relationship with

Directors

Mr. Anant Raghute is not related inter-se to

any other Directors of Company.

6. Information as required under BSE

circular no. LIST/COMP/14/2018- 19

and NSE circular no.

NSE/CML/2018/24, dated June 20,

2018

Mr. Anant Raghute is not debarred from

holding the office of Director by virtue of

any SEBI order or any other such

authority.

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Annexure II

Appointment of Mr. Sandeep Deshmukh (DIN: 06775847) & Mr. Salil Halve (DIN: 10715453)

as Additional (Non- Executive Non-Independent) Director.

Sr.

No

Particulars Details

1 Name of Director

Mr. Sandeep Deshmukh Mr. Salil Halve

Director Identification

Number (DIN)

06775847 10715453

2 Reason for change Mr. Sandeep Deshmukh is

appointed as Additional Director.

Mr. Salil Halve is appointed as

Additional Director.

3 Date of appointment 5th June 2026 5th June 2026

Term of appointment Mr. Sandeep Deshmukh is

appointed as Additional Director

and shall hold office till the

ensuing Annual General Meeting.

Mr. Salil Halve is appointed as

Additional Director and shall

hold office till the ensuing

Annual General Meeting.

4. Brief Profile Mr. Sandeep Deshmukh has

experience of over 27 years in

the field of Finance & Accounts.

In his extensive career, he has

demonstrated expertise in

various sectors such as project

finance, corporate accounting,

business process optimization,

fixed assets management. The

diversity and depth of his

assignments reflect a strong

capability in handling complex

financial operations and

implementing financial controls

tailored to organizational goals.

Mr. Salil Halve has experience

of over 13 years in the field of

Operations. He uses his

experience to forecast

demand, negotiate pricing,

and maintain standards,

making significant

contributions to organizational

success. His experience

indicate deep involvement in

such activities, suggesting a

robust understanding and

capability in all pivotal aspects

of operational management.

5. Disclosure of

relationship with

Directors

Mr. Sandeep Deshmukh is not

related inter-se to any other

Directors of Company.

Mr. Salil Halve not related

inter-se to any other Directors

of Company.

6. Information as required

under BSE circular no.

LIST/COMP/14/2018-

19 and NSE circular

no. NSE/CML/2018/24,

dated June 20, 2018

Mr. Sandeep Deshmukh is not

debarred from holding the office

of Director by virtue of any SEBI

order or any other such authority.

Mr. Salil Halve is not debarred

from holding the office of

Director by virtue of any SEBI

order or any other such

authority.

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Annexure III

Appointment of Mr. Yashavant Avatade (DIN: 11696640), Mr. Sanjeev Mahajan (DIN: 02683592)

& Mrs. Bhakti Hosalkar (DIN: 07445839) as Additional (Non-Executive Independent) Director

of Company.

Sr.

No

Particulars Details

1 Name of Director Mr. Yashavant

Avatade

Mr. Sanjeev

Mahajan

Ms. Bhakti Hosalkar

Director Identification

Number (DIN)

11696640 02683592 07445839

2 Reason for change Mr. Yashavant

Avatade is appointed

as Additional (Non-

Executive

Independent)

Director.

Mr. Sanjeev

Mahajan is

appointed as

Additional (Non-

Executive

Independent)

Director.

Ms. Bhakti Hosalkar is

appointed as

Additional (Non-

Executive

Independent) Director.

3 Date of appointment 5th June 2026 5th June 2026 5th June 2026

Term of appointment Period of five years

from 30th May 2026

to 29th May 2031.

(Both days inclusive),

subject to approval of

members and his

office shall not be

liable to retire by

rotation.

Period of five years

from 30th May 2026

to 29th May 2031.

(Both days

inclusive), subject to

approval of

members and his

office shall not be

liable to retire by

rotation.

Period of five years

from 30th May 2026 to

29th May 2031. (Both

days inclusive),

subject to approval of

members and her

office shall not be

liable to retire by

rotation.

4. Brief Profile Mr. Yashavant

Avatade is Chartered

Accountant with over

26 years of

comprehensive

experience in finance,

accounts, taxation,

audit, MIS,

commercial

operations, and funds

management across

diverse sectors

including real estate

development,

logistics, travel, and

manufacturing. Strong

track record as Chief

Financial Officer in

Mr. Sanjeev

Mahajan is Fellow

Member of Institute

of Company

Secretaries of India.

Further he is

Graduation in

Science (B.Sc.

(Physics), Kolhapur

University (1981),

Graduation in Law

(L.L. B.), University

of Pune and

Certified Associate

of Indian Institute of

Bankers (C.A.I.I.B.),

Mumbai. Mr.

Mahajan has

Ms. Bhakti Hosalkar

has 14 years of

experience in

Corporate governance,

secretarial practice,

compliance, FEMA,

and statutory matters.

She is a member of

Institute of Company

Secretaries of India

(ICSI) and have

completed Master of

Commerce from Pune

University.

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listed and privately

held companies. He

has deep expertise in

financial strategy,

budgeting, ERP

implementation, and

investor focused

reporting.

experience of over

35 years in the fields

of secretarial,

Finance, Listed

Corporates, FEMA

and corporate law

Compliances. He is

Member of Mahratta

Chamber of

Commerce,

Industries and

Agriculture, Pune

5. Disclosure of

relationship with

Directors

Mr. Yashavant

Avatade is not related

inter-se to any other

Directors of

Company.

Mr. Sanjeev

Mahajan is not

related inter-se to

any other Directors

of Company.

Ms. Bhakti Hosalkar

not related inter-se to

any other Directors of

Company.

6. Information as

required under BSE

circular no.

LIST/COMP/14/2018-

19 and NSE circular

no.NSE/CML/2018/24,

dated June 20, 2018

Mr. Yashavant

Avatade is not

debarred from holding

the office of Director

by virtue of any SEBI

order or any other

such authority.

Mr. Sanjeev

Mahajan is not

debarred from

holding the office of

Director by virtue of

any SEBI order or

any other such

authority.

Ms. Bhakti Hosalkar is

not debarred from

holding the office of

Director by virtue of

any SEBI order or

any other such

authority.

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