Sharp India Ltd — Important, 07-07-2026: Company Update

Sharp India Limited has released an update regarding the open offer by Smart Services Private Limited. The offer aimed to acquire 25.00% of Sharp India's equity at Rs. 10 per share, proposing to acquire 6.486 Cr shares. However, only 101 shares were actually tendered and accepted. Following a separate Share Purchase Agreement, Smart Services Private Limited now holds 19.4581 Cr shares, representing 75.0004% of Sharp India, and becomes its new Promoter. This significant ownership shift reclassifies the previous promoter as a public shareholder.