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 295th Board meeting of the Company held on Friday, 05th June

2026

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

Regulations, 2015 (the Listing Regulations).

We wish to inform you that pursuant to change in the management of the Company the Board of

Directors of the Company in their meeting held on Friday, 5th June 2026 have approved the

following:

1) The resignation of Mr. Makarand Date (DIN: 08363458) as Managing Director of the

Company w.e.f 5th June 2026 from the conclusion of 294th Board 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 resignation of Mr. Shoki Tano (DIN: 10865339) as Non- Executive, Non-Independent

Director of Company w.e.f 5th June 2026 from the conclusion of 294th Board 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.

3) The resignation of Mr. Naoki Hatyama, (DIN: 08390564) as Non- Executive, Non-

Independent Director of Company w.e.f 5th June 2026 from the conclusion of 294th Board

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.

4) The resignation of Mr. Abhijeet Bhagwat (DIN: 01981922) as Independent Director of

Company w.e.f 5th June 2026 from the conclusion of 294th Board 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.

----------------Page (0) Break----------------

5) The resignation of Mr. Nachiket Deo, (DIN: 02842185) as Independent Director of Company

w.e.f 5th June 2026 from the conclusion of 294th Board 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.

6) The resignation of Mrs. Archana Lakhe (DIN:07079209) as Independent Director of Company

w.e.f 5th June 2026 from the conclusion of 294th Board 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.

7) The resignation of Mr. Jaideep Palsule as Chief Financial Officer of the Company w.e.f. 5th

June 2026 from the conclusion of 294th Board 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 III.

8) Upon the recommendation of Nomination and Remuneration Committee, the Board

considered and approved, appointment of Mr. Anant Raghute (DIN: 05151874) as Managing

Director for a period of 3 (three) years with effect from 5th June 2026, subject to the approval

of shareholders of the Company. 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 IV.

9) Upon the recommendation of Nomination and Remuneration committee, considered and

approved appointment of Mrs. Padmini Urane as Chief Financial Officer of the Company

w.e.f 16th June 2026. 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 V.

The meeting of Board of Directors commenced at 12:30 p.m. and concluded at 2.25 p.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

Resignation of Mr. Makarand Date (DIN: 08363458) as Managing Director, Mr. Naoki

Hatayama and (DIN: 08390564) Mr. Shoki Tano (DIN: 10865339) as Non- executive Non-

Independent Directors.

Sr.

No

Particulars Company Remarks

1 Name Mr. Makarand

Date

Mr. Naoki Hatayama Mr. Shoki Tano

Director Identification

Number (DIN)

08363458 08390564 10865339

2 Reason for change Resigned as

Managing

Director of

Company

Resigned as Non-

Executive Non-

Independent Director

Resigned as Non-

Executive Non-

Independent Director

3 Date of Cessation 5th June 2026 5th June 2026 5th June 2026

Term of appointment Not Applicable Not Applicable Not Applicable

4. Brief Profile Not Applicable Not Applicable Not Applicable

5. Disclosure of

relationship with

Directors

Not Applicable Not Applicable Not Applicable

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

Not Applicable Not Applicable Not Applicable

7 Letter of resignation

along with detailed

reason for

Resignation

Enclosed

herewith as

Annex 1

Enclosed herewith as

Annex 2

Enclosed herewith as

Annex 3

----------------Page (2) Break----------------

Annexure II

Resignation of Mr. Abhijeet Bhagwat, Mr. Nachiket Deo and Mrs. Archana Lakhe as

Independent Director of company.

Sr.

No

Particulars Company Remarks

1 Name

Mr. Abhijeet Bhagwat Mr. Nachiket Deo

Mrs. Archana Lakhe

Director Identification

Number (DIN)

01981922 02842185 07079209

2 Reason for change Resigned as

Independent Director

of Company.

Resigned as

Independent

Director of Company.

Resigned as

Independent Director

of Company.

3 Date of Cessation 5th June 2026 5th June 2026 5th June 2026

Term of appointment Not Applicable Not Applicable Not Applicable

4. Brief Profile Not Applicable

Not Applicable Not Applicable

Additional Information in case of resignation of an Independent Director as per Para A

(7B) of Part A of Schedule III of SEBI Listing Regulations, 2015

5. Disclosure of

relationship with

Directors

Not Applicable Not Applicable Not Applicable

6. Letter of resignation

along with detailed

reason for

Resignation

Enclosed herewith as

Annex 4

Enclosed herewith

as Annex 5

Enclosed herewith as

Annex 6

7 Names of listed

entities in which the

resigning director

holds directorships,

indicating the

category of

directorship and

membership of

board committees, if

any

NIL

NIL

NIL

8 The independent

director shall, along

with the detailed

reasons, also provide a

confirmation that there

are no other material

reasons other than

those provided.

Mr. Abhijeet Bhagwat

has confirmed that

there are no material

reasons for her

resignation other than

those mentioned in

her resignation letter.

Mr. Nachiket Deo

has confirmed that

there are no material

reasons for her

resignation other

than those

mentioned in her

resignation letter

Mrs. Archana Lakhe

has confirmed that

there are no material

reasons for her

resignation other

than those

mentioned in her

resignation letter

----------------Page (3) Break----------------

Annexure III

Resignation of Mr. Jaideep Palsule as Chief Financial Officer of Company

Sr.

No

Particulars Company Remarks

1. Name Mr. Jaideep Palsule

2 Reason for change Resignation as Chief Financial Officer of

the Company

3. Date of Cessation 5th June 2026

Term of appointment Not applicable

4. Brief Profile Not applicable

5. Disclosure of relationship with

Directors

Not applicable

6. Letter of resignation along with

detailed reason for Resignation

Enclosed herewith as Annex 7

----------------Page (4) Break----------------

Annexure IV

Appointment of Mr. Anant Raghute as Managing Director of the Company.

Sr.

No

Particulars Company Remarks

1. Name Mr. Anant Raghute

Director Identification Number (DIN) 05151874

2. Reason for change Appointment as Managing Director of

Company.

3. Date of appointment

5th June 2026

Term of appointment Mr. Anant Raghute is appointed as

Managing Director for a period of three

years commencing from 5th June 2026 i.e.

5th June 2026 to 4th June, 2029 (both days

inclusive), on such terms and conditions as

decided by the Board, subject to

shareholders approval.

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 inter-se related to

existing 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.

----------------Page (5) Break----------------

Annexure V

Appointment of Mrs. Padmini Urane as Chief Financial Officer of Company

Sr.

No

Particulars Company Remarks

1. Name Mrs. Padmini Urane

2 Reason for change Appointment as Chief Financial Officer of

the Company.

3. Date of appointment

16th June, 2026

Term of appointment As may be decided by the mutual consent

of the appointee and Board of the

Company

4. Brief Profile Mrs. Padmini Urane is member of Institute

of Cost Accountants of India (Membership

number. 38927). Her further educational

qualification is Master of Commerce from

Shivaji University, Kolhapur. she has

twenty years of experience in the field of

accounting, finance, auditing, taxation and

compliance Management.

5. Disclosure of relationship with

Directors

Not inter-se related to existing Directors of

Company.

----------------Page (6) Break----------------

Arne < |

3-June-2026

To,

The Board of Directors,

Sharp India Limited

Gat No. 686/4, Koregaon Bhima,

Tal. Shirur District Pune - 412216

Subject: Resignation from Directorship of Sharp India Limited (the Company).

Dear Sir,

I hereby resign from the position of Managing Director of the Company. The resignation should

be effective from the conclusion of 294" Board Meeting, to be held on Friday 5" June 2026. | am

resigning due to change in controlling shareholding of Sharp India Limited. | further confirm that

there is no other reason for my resignation.

I express my sincere thanks and gratitude to the Board of Directors of the Company for

extending their support during my association with Company.

Irequest you to please provide an acknowledgement for receipt of the resignation and a copy of

the e-form DIR-12 that will be filed with the Registrar of Companies to that effect.

Thanking You,

Makarand Date

DIN: 08363458

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Prnex 2—

03/06/2026

To,

The Board of Directors,

Sharp India Limited

Gat No. 686/4, Koregaon Bhima,

Tal. Shirur District Pune - 412216

Subject: Resignation from Directorship of Sharp India Limited (the Company).

Dear Sir,

| Naoki Hatayama, (DIN: 10039923) hereby tender my resignation from the position of Non- Executive

Director of the Company with effect from conclusion of the 294™ Board Meeting to be held on 5% June

2026 due to change in controlling shareholding of Sharp India Limited. Further | confirm that there is

no other material reason for my resignation other than stated herein.

I express my sincere thanks and gratitude to the Board of Directors of the Company for extending their

support during my long association with Company.

| request you to please provide an acknowledgement for receipt of the resignation and a copy of the

e-form DIR-12 filed with the Registrar of Companies to that effect for my reference and record.

Thanking You,

Yours Faithfully,

Nl

"y/ /< g

Naoki Hatayama ¥

DIN: 08390564

----------------Page (8) Break----------------

Dawe 3

03/06/2026

To,

The Board of Directors,

Sharp India Limited

Gat No. 686/4, Koregaon Bhima,

Tal. Shirur District Pune — 412216

Subject: Resignation from Directorship of Sharp India Limited (the Company).

Dear Sir,

| Shoki Tano, (DIN: 10865339) hereby tender my resignation from the position of Non- Executive

Director of the Company with effect from conclusion of 294" Board Meeting to be held on 5" June

2026 due to change in controlling shareholding of Sharp India Limited. Further | confirm that there is

no other material reason for my resignation other than stated herein

| express my sincere thanks and gratitude to the Board of Directors of the Company for extending their

support during my long association with Company.

| request you to please provide an acknowledgement for receipt of the resignation and a copy of the

e-form DIR-12 filed with the Registrar of Companies to that effect for my reference and record.

Thanking You,

Yours Faithfully,

%l Ar 05 ik

Shoki Tano

DIN: 10865339

----------------Page (9) Break----------------

Baw Erl,

Resignation Letter

3 June 2026

To,

The Board of Directors

Sharp India Limited

Gat No.686/4, Koregaon Bhima,

Tal. Shirur, Pune - 412216

Dear Sirs / Madam,

Subject: Resignation as Non-Executive Independent Director

I, Abhijeet Bhagwat (DIN® 01981922), wish to tender my resignation as a Non-Executive

Independent Director of Sharp India Limited (“the Company”), with effect from the close

of board meeting no. 294 held on 5" June 2026, Friday.

I set out below the detailed reasons for my resignation, in compliance with Clause 7B of

Para A of Part A of Schedule Il to the SEBI (Listing Obligations and Disclosure

Requirements) Regulations, 2015

Change in controlling shareholding of the Company. My appointment as an Independent

Director was made in the context of the Company's then-existing ownership and

governance structure. Pursuant to the change in the controlling/majority shareholding of

the Company under the Share Purchase Agreement, as disclosed by the Company to the

Stock Exchanges on 14" April 2026, | believe it is appropriate for the new controlling

shareholder to reconstitute the Board with directors of its choosing. Stepping down

voluntarily allows for a smooth transition and an orderly reconstitution of the Board.

Other professional commitments. Given my other ongoing professional commitments and

engagements, [ am also unable to continue dedicating the time and attention required for

the role.

----------------Page (10) Break----------------

I hereby confirm that there is no other material reason for my resignation other than those

stated above. 1 further confirm that [ have no concerns regarding the financial position,

operations, governance, or compliance practices of the Company that I have not already

raised and had addressed by the Board during my tenure. My resignation is voluntary and

is not the result of any pressure or disagreement.

In compliance with the disclosure requirements, | set out below my present directorships

and committee memberships in other companies:

Nil 1. Present Directorships in other companie

2. Membership/Chairmanship of Committees in other companies: Nil

| take this opportunity to thank the Board, the management team, and my fellow directors

for the cooperation and courtesies extended to me during my tenure. [ extend my best

wishes to the new controlling shareholder and the incoming Board in steering the

Company forward.

1 vequest you to kindly: (a) take this resignation on record; (b) make the requisite

disclosures to the Stock Exchanges under Regulation 30 of the SEBI (LODR) Regulations,

2015; () file Form DIR-12 with the Registrar of Companies within the prescribed timeline:

and (d) provide me with a written acknowledgement of receipt of this letter for my records.

Yours faithfully,

Rl I

DIN: 01981922

Pune.

----------------Page (11) Break----------------

Ranex 5

Resignation Letter

3r¢ June 2026

To,

. The Board of Directors

Sharp India Limited

Gat No.686/4, Koregaon Bhima,

Tal. Shirur, Pune - 412216

Dear Sirs / Madam,

Subject: Resignation as Non-Executive Independent Director

I, Nachiket Deo (DIN:02842185), wish to tender my resignation as a Non-Executive

Independent Director of Sharp India Limited (“the Company”), with effect from the close

of board meeting no. 294 held on 5t June 2026, Friday.

I set out below the detailed reasons for my resignation, in.'comp]_iance with Clause 7B of

Para A of Part A of Schedule III to the SEBI (Listing Obligations and Disclosure

Requirements) Regulations, 2015:

Change in controlling shareholding of the Company. My appointment as an Independent

Director was made in the context of the Company's then-existing ownership and

governance structure. Pursuant to the change in the controlling/majority shareholding of

the Company under the Share Purchase Agreement, as disclosed by the Company to the

Stock Exchanges on 14th April 2026, I believe it is appropriate for the new controlling

shareholder to reconstitute the Board with directors of its choosing. Stepping down

voluntarily allows for a smooth transition and an orderly reconstitution of the Board.

Other professional commitments. Given my other ongoing professional commitments and.

engagements, I am also unable to continue dedicating the time and attention required for

g

the role.

----------------Page (12) Break----------------

I'hereby confirm that there is no other material reason for my resignation other than those

stated above. I further confirm that I have no concerns regarding the financial position,

operations, governance, or compliance practices of the Company that I have not already

raised and had addressed by the Board during my tenure. My resignation is voluntary and

is not the result of any pressure or disagreement.

In compliance with the disclosure requirements, I set out below my present directorships

and committee memberships in other companies:

1. Present Directorships in other companies: Nil

2. Membership/Chairmanship of Committees in other companies: Nil

I take this opportunity to thank the Board, the management team, and my fellow directors

for the cooperation and courtesies extended to me during my tenure. I extend my best

wishes to the new controlling shareholder and the inceming Board in steering the

Company forward.

I request you to kindly: (a) take this resignation on record; (b) make the requisite

disclosures to the Stock Exchanges under Regulation 30 of the SEBI (LODR) Regulations,

2015; (c) file Form DIR-12 with the Registrar of Companies within the prescribed timeline;

and (d) provide me with a written acknowledgement of receipt of this letter for my records.

Yours faithfully,

Nachiket Deo

DIN: 02842185

Pune.

----------------Page (13) Break----------------

fAanex &

Date: 03/06/2026

To,

The Board of Directors,

Sharp India Limited,

Gat No.686/4, Koregaon Bhima

Taluka: Shirur, District - Pune -412216

Subject: Resignation as Non-Executive Independent Director

I, Archana Girish Lakheresident of Address, Flat No. 5, Akshay Residency, Anand Park Society,

Lane No 3 Near HDFC Bank, Aundh, Pune - 411 007 hereby give notice of my resignation with

effect from conclusion of 294th Board Meeting to be held on 5th june 2026as Non - executive

Independent director of Sharp India Limited on account of my preoccupation.

It is to be kindly noted that the resignation is voluntary and without any material reason other

than mentioned above.

1 would like to appreciate the support and cooperation extended to me during my association

with the company.

1 also request you to take immediate steps to inform the authorities accordingly.

Signature: &akm

Archana Girish Lakhe

Director

Date: 03/06/2026 DIN: 07079209

Place: Pune

----------------Page (14) Break----------------

Banex 7

3-June-2026

To,

The Board of Directors,

Sharp India Limited

Gat No. 686/4, Koregaon Bhima,

Tal. Shirur District Pune -412216

Subject: Resignation from the post of Chief Financial Officer of Sharp India Limited (the

Company).

Dear Sir,

I hereby resign from the post of Chief Financial Officer of the Company. The resignation should

be effective from the conclusion of 294" Board Meeting, to be held on Friday 5" June 2026. | am

resigning due to change in controlling shareholding of Sharp India Limited. | further confirm that

there is no other reason for my resignation.

| express my sincere thanks and gratitude to the Board of Directors of the Company for

extending their support during my association with Company.

I request you to please provide an acknowledgement for receipt of the resignation and a copy of

the e-form DIR-12 that will be filed with the Registrar of Companies to that effect.

Thanking You,

Yours Faithfully,

Jaideep A Palsule

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