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

Smart Services Private Limited recently concluded an open offer for 25% of Sharp India Limited shares at Rs. 10 each. While the offer aimed for 64.86 lakh shares (worth Rs. 6.486 crore), only 101 shares were tendered and accepted, totaling just Rs. 1,010. Critically, the Acquirer had already acquired 1.9458 crore shares, or 75%, through a separate Share Purchase Agreement. This means the Acquirer's post-offer shareholding now stands at 75.0004%, securing majority control of Sharp India Limited. Existing promoters will be reclassified as public shareholders.