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.

Sharp Investments Limited has accepted the resignation of Rishi Kant Tiwari from the position of Professional Director, effective from the close of business hours on March 2, 2026. The resignation was submitted due to personal commitments and other engagements, as stated in the resignation letter. The company confirmed there were no material reasons for the departure beyond those disclosed.

The resignation was accepted in compliance with the Companies Act, 2013 and SEBI (LODR) Regulations, 2015. While the resignation letter was received on March 2, 2026, the requisite disclosure was submitted to the stock exchanges on June 4, 2026. The company attributed the delay in filing to administrative and procedural challenges involved in examining documents and updating statutory records.

Sharp Investments Limited clarified that the delay was neither deliberate nor intentional, stating it was caused by bona fide compliance-related circumstances. The management emphasized that the information provided to the exchanges remains true and complete as of the event date. The company has expressed regret for the delay and indicated that internal compliance mechanisms have been strengthened to prevent future lapses.

Resignation Details

The following table outlines the key details regarding the personnel change:

The company has submitted the necessary forms and resignation letters to the stock exchanges and relevant authorities. The Board of Directors has taken the necessary steps to ensure the disclosures are on record.