Smart Services Private Limited has acquired 75% of the total equity share capital of Sharp India Limited through a Share Purchase Agreement (SPA). The acquirer successfully purchased 1,94,58,000 equity shares of ₹10 each, representing 75% of the fully diluted equity share capital. Consequently, the existing promoter has ceased to be the promoter and has been reclassified as a public shareholder in accordance with SEBI regulations.

An open offer was made to acquire an additional 64,86,000 equity shares, representing 25.00% of the share capital, at a price of ₹10 per share. Managed by Navigant Corporate Advisors Limited, the offer opened on June 16, 2026, and closed on June 30, 2026. However, the offer saw minimal acceptance, with only 101 shares tendered and accepted against the proposed 64,86,000 shares.

Acquisition Details

The following table outlines the proposed versus actual acquisition details:

Shareholding Pattern

Following the completion of the offer, the acquirer holds 75.0004% of the fully diluted equity share capital. The public shareholding stands at 64,85,899 shares, representing 24.9996% of the capital. The payment of consideration for the accepted shares was completed on July 6, 2026.

Sharp India Ltd has secured a domestic order worth ₹7.93 Cr from Energygov Manpower Agency India Pvt Ltd for the supply of machinery, accessories, and equipment. The order is scheduled to be executed within a period of one month, as per the disclosure made to the exchange.

The order value is stated as INR 7.93 Crores, excluding GST. The payment terms stipulate that the release of funds will be contingent upon the submission of the E-Way Bill. Additionally, the supplier is required to submit documents such as the Original Tax Invoice, Way Bill where applicable, and the Delivery Challan.

Order Details

The company confirmed that the order has been awarded by a domestic entity and that there are no interests held by the promoter, promoter group, or group companies in the entity awarding the contract. Furthermore, the transaction does not fall within related party transactions.

GST and other applicable taxes will be charged in accordance with the prevailing Government of India regulations. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.