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

Navigant Corporate Advisors Limited, representing Smart Services Private Limited (the Acquirer), has issued a pre-offer advertisement for an open offer to acquire shares of Sharp India Limited. The Acquirer intends to purchase up to 64,86,000 equity shares of Sharp India Limited at Rs. 10 per share. This offer targets 25.00% of the company's fully paid-up and voting share capital. This announcement signals a significant step towards a potential change in ownership for Sharp India Limited, informing stakeholders about the acquisition bid.