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.

Sharp India Limited has published its unaudited financial results for the quarter and nine months ended December 31, 2025, revealing continued operational challenges with significant losses across all reporting periods. The company announced these results through newspaper publications in Financial Express and Lokmat on February 11, 2026, in compliance with SEBI regulations.

Financial Performance Overview

The company's financial performance for Q3FY26 shows persistent challenges across key metrics:

Nine-Month Performance Analysis

For the nine months ended December 31, 2025, Sharp India's financial position remained challenging:

Operational Status and Going Concern Issues

Sharp India has faced significant operational disruptions, with no production of LED TVs since April 2015 and air conditioners since June 2015 due to absence of orders. The company's accumulated losses have reached ₹18,508.62 lakhs as of December 31, 2025, resulting in complete erosion of net worth.

Management has adopted a 'not going concern' basis for financial reporting from the quarter ended September 30, 2025, onwards. This accounting treatment requires measuring assets at the lower of estimated net realizable value and carrying amount, while liabilities are valued at settlement amounts.

Support from Parent Company

Despite operational challenges, Sharp Corporation, Japan, the majority shareholder and holding company, continues to provide financial and operational support. The parent company has issued a letter of support confirming its commitment to extend assistance until at least December 31, 2026.

Capital Structure

The company maintains a paid-up equity share capital of ₹2,594.40 lakhs with a face value of ₹10 per share. However, reserves have declined significantly to negative ₹16,175.66 lakhs as of December 31, 2025, compared to negative ₹15,607.53 lakhs in the previous quarter.

Regulatory Compliance

The unaudited financial results were reviewed by the Audit Committee and approved by the Board of Directors on February 10, 2026. The results comply with Companies (Indian Accounting Standards) Rules, 2015, and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Managing Director Makarand Date signed off on the results, emphasizing the company's commitment to transparent financial reporting despite operational challenges.