Sharika Enterprises Limited has commenced the remote e-voting process for its Extra-Ordinary General Meeting (EGM) scheduled on July 17, 2026, to seek shareholder approval for raising funds aggregating up to ₹27.21 crore. The company aims to utilize these proceeds for working capital requirements and repayment of borrowings. The EGM will be conducted via video conferencing, and the facility for remote e-voting is provided by Central Depository Services (India) Limited (CDSL).

The board meeting held on June 23, 2026, sanctioned the issuance of 1,51,49,079 equity shares and 38,38,102 share warrants. The issue price for both instruments is fixed at ₹14.33 per share or warrant, including a premium of ₹9.33. The equity share issuance targets raising up to ₹21.71 crore from 98 non-promoter investors, while the warrant issuance totals ₹5.50 crore. Warrants are convertible into one equity share each within 18 months from the date of allotment.

Key Details of the Fund Raise

EGM and Voting Details

The company has fixed Friday, July 10, 2026, as the record date to determine shareholder eligibility for voting at the EGM. Remote e-voting commenced on July 14, 2026, at 09:00 A.M. (IST) and will end on July 16, 2026, at 05:00 P.M. (IST). Members who cast their votes through remote e-voting prior to the EGM and attend the meeting shall not be entitled to cast their votes again.

The Notice of EGM was disseminated via electronic mode on June 25, 2026. Members holding shares in demat form must register their email addresses with their Depository Participants, while those holding physical shares may submit details in Form ISR-1 to the company or its Registrar and Transfer Agent, M/s Skyline Financial Services Private Limited. The fund-raising proposals are subject to the approval of regulatory and statutory authorities.

Sharika Enterprises Limited has secured a work order worth Rs 24.90 crore from East India Udyog Ltd for the supply and installation of power automation infrastructure under the Ganga Corridor RDSS scheme. The contract involves the deployment of an integrated SCADA-ADMS platform, combining Supervisory Control and Data Acquisition (SCADA), Distribution Management System (DMS), and Outage Management System (OMS) functionalities. This project marks the company's strategic entry into the SCADA-ADMS market, aimed at bolstering power distribution capabilities in the urban centres of Dehradun, Haridwar, and Rishikesh.

The work order was issued by East India Udyog Ltd on behalf of Uttarakhand Power Corporation. The project encompasses the supply, installation, and FMS (Field Maintenance Services) of critical smart grid components, including RTUs, FRTUs, and FPIs. The contract is valued at Rs 24,90,00,000 and has been classified as a domestic transaction.

Contract Details

The agreement stipulates that the execution of the contract must be completed by September 2027. The disclosure confirms that the contract does not fall within related party transactions, and the promoter group has no interest in the entity awarding the contract.

The intimation was submitted to BSE Limited pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that all necessary disclosures, including those required under SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, have been attached to the filing.