Sharp India Limited has revised the list of Key Managerial Personnel (KMPs) authorized to determine the materiality of events and make disclosures to stock exchanges under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The decision was taken during the company's 295th Board meeting held on June 5, 2026. This update follows the recent expansion of the board, including the appointment of Mr. Anant Raghute as Managing Director.

The newly authorized officials include Mr. Anant Raghute, Managing Director; Mrs. Padmini Urane, Chief Financial Officer; and Mr. Chandranil Belvalkar, Company Secretary & Compliance Officer. The Board confirmed that these KMPs are now responsible for assessing materiality and ensuring timely compliance with disclosure requirements.

Authorized KMPs for Disclosures

Additionally, the Board disclosed that the new management is contemplating business activities aimed at revenue generation and growth. The company stated that updates regarding these initiatives will be communicated to stakeholders in compliance with applicable regulations as and when required.

Smart Services Private Limited has revised the schedule for its open offer to acquire an additional 25% stake in Sharp India Limited . The acquirer is offering to purchase up to 64,86,000 equity shares at a price of ₹10 per share, representing 25.00% of the fully paid-up equity and voting share capital of the target company. The revision follows the substantial acquisition of 1,94,58,000 equity shares, representing a 75% stake, which was completed on June 2, 2026, pursuant to a Share Purchase Agreement dated April 14, 2026.

Navigant Corporate Advisors Limited submitted the Letter of Offer to SEBI on June 4, 2026, on behalf of Smart Services Private Limited. The document updates the timeline for various offer-related activities, including the opening and closing dates of the offer, following the receipt of SEBI's observation letter no. HO/49/12/11(54)2026-CFD-RAC-DCR2/1/12668/2026 dated May 29, 2026. The detailed public statement was originally published in various newspapers, including Financial Express, Jansatta, Navshakti, and Loksatta, on April 21, 2026.

Revised Offer Schedule

The following table outlines the revised dates for the key activities associated with the open offer:

The original schedule had the offer opening on June 8, 2026, and closing on June 19, 2026. The identified date for determining the names of shareholders eligible to receive the Letter of Offer is June 2, 2026. All owners of equity shares of the target company, excluding the acquirer and the seller or promoter, are eligible to participate in the offer any time before the closure of the offer.