Sharika Enterprises Limited has scheduled a board meeting on June 23, 2026, to consider and approve a proposal for raising funds through the issuance of various financial instruments. The board will evaluate options including equity shares, convertible or non-convertible securities, warrants, or debt securities via private placement, preferential issue, qualified institutions placement, or other permissible modes. The decision aims to bolster the company's capital structure and support its strategic objectives, subject to necessary statutory and shareholder approvals.

In compliance with the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015, the company has closed the trading window for designated persons and their immediate relatives. This restriction is effective immediately and will remain in place until 48 hours after the conclusion of the board meeting and the dissemination of its outcome. The measure ensures adherence to regulatory standards and prevents potential insider trading activities during the sensitive period preceding the decision.

Agenda for the Board Meeting

The primary focus of the upcoming meeting is to deliberate on the fund-raising mechanism. The board is empowered to approve a combination of instruments and modes as deemed fit for the company's current requirements. Ancillary actions required to facilitate the fund-raising process will also be discussed and approved during the session.

Key Details

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.