Sharp India Limited has announced the execution of three debt assignment agreements totaling ₹145.34 crores, as disclosed to BSE Limited on April 14, 2026. The agreements were executed between April 10-14, 2026, involving the company's External Commercial Borrowing and subsidiary debt assignments.

External Commercial Borrowing Assignment

The first agreement, executed on April 14, 2026, involves the assignment of External Commercial Borrowing from Sharp Corporation, Japan (the promoter and holding company) to Unbounded Opportunities Fund SPC, Cayman Islands. The assignment covers ECB worth ₹15,84,11,000 (Rupees Fifteen Crores Eighty Four Lakhs and Eleven thousand) for a consideration of ₹1,00,20,000 (Rupees One Crore and Twenty Lakhs).

The assignment is subject to approval from the Authorized Dealer of the Bank and will become effective from the date when the assignor ceases to have control over the borrower in favor of a third party.

Subsidiary Debt Assignments

Two additional debt assignment agreements were executed on April 10, 2026, both involving Kripa Anand Rishi Cellular Private Limited as the assignee.

Sharp Business Systems Assignment

The second agreement involves Sharp Business Systems (India) Private Limited assigning debt of ₹126,65,00,000 (Rupees One Hundred Twenty-Six crores and Sixty-Five Lakhs only) for a consideration of ₹7,94,00,000 (Rupees Seven Crore Ninety Four Lakhs).

Sharp Software Development Assignment

The third agreement covers Sharp Software Development India Private Limited assigning debt of ₹2,85,00,000 (Rupees Two Crores and Eighty Five Lakhs) for a consideration of ₹18,00,000 (Rupees Eighteen Lakhs).

Key Terms and Conditions

All three debt assignments share common terms and conditions:

• Assignments executed on "AS IS WHERE IS AND AS IS WHAT IS BASIS"
• Effective date contingent upon Sharp Corporation, Japan ceasing control over Sharp India Limited
• Assignment of debt and security interest contingent upon transfer of all equity shares held by Sharp Corporation to prospective buyers
• Sharp India Limited does not hold shares in either assignee entity
• Transactions do not fall within related party transaction categories

Regulatory Compliance

The disclosures were made pursuant to Regulation 30 and Regulation 30A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has provided detailed annexures covering all required particulars under Schedule III of the listing regulations, including counterparty details, agreement purposes, shareholding information, and impact assessments.

The Board of Directors of Sharp India Limited took note of these assignments during their meeting held on April 14, 2026, with Company Secretary Chandranil Belvalkar signing the disclosure documents.

Sharp India Limited has submitted its quarterly certificate to the Bombay Stock Exchange (BSE) under Regulation 74(5) of SEBI (Depositories and Participants) Regulation, 2018 for the quarter ended March 31, 2026. The certificate, signed by Company Secretary Chandranil Belvalkar on April 6, 2026, confirms compliance with dematerialization requirements.

Dematerialization Process Confirmation

The certificate verifies that securities received for dematerialization during Q4FY26 have been processed according to regulatory requirements. Based on confirmation from MUFG Intime India Private Limited, the company's registrar and transfer agent, Sharp India certified that all securities were mutilated and cancelled after due verification.

Registrar Confirmation

MUFG Intime India Private Limited, formerly Link Intime India Private Limited, provided written confirmation supporting Sharp India's certificate. The registrar confirmed that securities received from depository participants during Q4FY26 were properly accepted or rejected and communicated to depositories within prescribed timelines.

Key aspects of the registrar's confirmation include:

• Securities certificates were mutilated and cancelled after verification
• Depository names were substituted in the register of members as registered owners
• All dematerialized securities are listed on stock exchanges where earlier securities are listed
• Confirmation and rejection processes were completed within regulatory timelines

Regulatory Compliance

The submission demonstrates Sharp India's adherence to SEBI's depositories and participants regulations. The certificate serves as a quarterly compliance requirement, ensuring transparency in the dematerialization process and maintaining accurate records of security ownership transfers.

The certificate was digitally signed and submitted to BSE's Corporate Relationship Department, completing the quarterly regulatory filing requirement for dematerialization activities during Q4FY26.