Sharp Investments Limited has approved 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 board, meeting on July 13, 2026, decided to acquire 45,85,860 equity shares of ₹10 each at a price of ₹60 per share. The acquisition will be funded through the issuance and allotment of 27,51,51,600 fully paid-up equity shares of Sharp Investments Limited with a face value of Re. 1 each, determined in accordance with SEBI ICDR Regulations. Upon completion, RLCPL will become a wholly owned subsidiary of Sharp Investments Limited.

To facilitate the preferential allotment, the board 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 in the upcoming Extraordinary General Meeting. The board also took 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.

The board also approved the notice for the 49th Annual General Meeting, scheduled to be held on August 7, 2026, at Fortuna Tower, Kolkata. Mr. Mukesh Chaturvedi was appointed as the scrutinizer for the meeting. The board authorized the Managing Director, Executive Director, and Company Secretary to handle necessary filings and documentation with regulatory authorities and stock exchanges regarding the preferential issue and other approved matters.

Acquisition Details

Financial Performance (Q1 FY27)

Sharp Investments Ltd approved a proposal to acquire equity shares in Rajal Lefin & Commercial Private Limited (RLCPL) during its board meeting on June 26, 2026. The strategic investment is subject to the completion of valuation, legal and financial due diligence, and commercial assessment. The Board authorized the management to finalize the specific percentage or number of shares to be acquired, the structure of the transaction, and the consideration mechanism, pending necessary statutory and regulatory approvals.

The Board approved the appointment of intermediaries, advisors, and professionals, including valuers, consultants, legal advisors, and chartered accountants, to facilitate the due diligence and transaction structuring. Directors, the Company Secretary, and designated officials were authorized to execute all necessary documents and filings to implement the decision.

Agenda and Approvals

Regulatory Compliance

Pursuant to the SEBI (Prohibition of Insider Trading) Regulations, 2015, the trading window for dealing in the securities of Sharp Investments Limited by designated persons and their immediate relatives remains closed. The window will reopen 48 hours after the conclusion of the board meeting and the dissemination of the outcome to the stock exchanges.