Sharp India Ltd — Important, 01-01-1970: Company Update

Sharp India Limited, via Navigant Corporate Advisors, confirmed the publication of an advertisement from its independent directors regarding an open offer. Smart Services Private Limited proposes to acquire up to 64,86,000 equity shares of Sharp India, priced at Rs. 10 per share. This offer, valued at approximately Rs. 6.49 Cr, aims to secure 25.00% of Sharp India's voting share capital. This announcement is key for shareholders as it provides details about the ongoing open offer for their shares.