Sharp Investments Limited has scheduled its 49th Annual General Meeting for August 7, 2026, to seek shareholder approval for the acquisition of 100% equity shareholding in M/s Rajal Lefin & Commercial Private Limited (RLCPL) for a total purchase consideration of ₹27,51,51,600. The acquisition, valued at ₹60 per share, will be funded through the issuance and allotment of 27,51,51,600 fully paid-up equity shares of Sharp Investments Limited at a price of Re. 1 each, determined in accordance with SEBI ICDR Regulations. Upon completion, RLCPL will become a wholly owned subsidiary of Sharp Investments Limited.

Pursuant to Section 91 of the Companies Act, 2013 and Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Register of Members & Share Transfer Books will remain closed from August 1, 2026 to August 7, 2026 (both days inclusive) for the purpose of the AGM. The meeting is set to be held at 10:00 A.M. at Fortuna Tower, Kolkata.

To facilitate the preferential allotment, the board has approved increasing the authorized share capital from ₹24,25,00,000 to ₹51,80,00,000 by creating 27,55,00,000 new equity shares of Re. 1 each. This alteration of the capital clause in the Memorandum of Association is subject to shareholder approval at the Extraordinary General Meeting. The board has taken on record valuation reports from Registered Valuer Nikita Khetan and due diligence reports from Practising Company Secretary Pankaj Kumar Modi regarding the target company.

The preferential issue of 27,51,51,600 equity shares will be made to seven non-promoter entities on a consideration other than cash. The allottees include Wonderland Paper Suppliers Private Limited, Pears Mercantiles Private Limited, and Multifold Plastic Marketing Private Limited. The issue price has been fixed at Re. 1 per share, and the allotment is proposed within 15 days of shareholder approval or necessary regulatory clearances.

Separately, the company reported its unaudited standalone financial results for the quarter ended June 30, 2026. Sharp Investments Limited posted a profit of ₹7.52 lakh for the quarter, a turnaround from the loss of ₹8.10 lakh reported in the corresponding period of the previous year. Revenue from operations stood at ₹6.43 lakh, while other income contributed ₹5.98 lakh to the total revenue of ₹12.41 lakh. Total expenses for the quarter were ₹4.89 lakh.

Acquisition Details

Financial Performance (Q1 FY27)

Sharp Investments Ltd reported a net profit of ₹7.328 crore for the quarter ended June 30, 2026, according to its unaudited standalone financial results. The company's total income from operations for the period stood at ₹8.438 crore, a decrease compared to the previous quarter's ₹24.288 crore.

Financial Performance

The board of directors approved the financial results at a meeting held on July 13, 2026. The net profit for the period before tax, exceptional, and extraordinary items was ₹7.328 crore. The total comprehensive income for the period was reported at ₹8.255 crore.

Key Metrics

The earnings per share (EPS) for the quarter was ₹0.311 on a basic and diluted basis. The equity share capital remained unchanged at ₹24.21 crore during the reported periods. The results are an extract of the detailed format filed with the stock exchange under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.