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.

Sharp India Limited's open offer by Smart Services Private Limited to acquire 25.00% of the equity share capital has a revised closing date of June 30, 2026. The acquirer aims to purchase up to 64,86,000 equity shares at a price of ₹10.00 per share. The revision follows material changes, including the acquirer's acquisition of shares and the reconstitution of the Board of Directors, along with the receipt of SEBI observations.

The Committee of Independent Directors determined the offer price is fair and reasonable, exceeding the certified fair value of ₹ NIL. The valuation was certified by Bhavesh M Rathod, Chartered Accountants and Registered Valuer. Navigant Corporate Advisors Limited acts as the manager to the offer.

Material Changes and Approvals

Since the Public Announcement on April 14, 2026, the acquirer acquired 1,94,58,000 equity shares on June 02, 2026. Additionally, the Board was reconstituted on June 05, 2026, with the appointment of Mr. Anant Raghute, Mr. Sandeep Deshmukh, Mr. Salil Halve, Mr. Yashavant Avatade, Mr. Sanjeev Mahajan, and Ms. Bhakti Hosalkar as additional directors. No statutory approvals are required for the offer.

Revised Schedule of Activities

The Letter of Offer was dispatched to shareholders on June 08, 2026. Shareholders can apply on plain paper or through their brokers. The detailed public statement and letter of offer are available on the SEBI and Navigant Corporate Advisors websites.