Sharpline Broadcast Limited held its 36th Annual General Meeting (AGM) on September 30, 2026. All three ordinary resolutions proposed in the notice were adopted by shareholders through remote e-voting.

The meeting was conducted virtually via Video Conferencing and Other Audio Visual Means. The primary agenda involved the adoption of the standalone financial statements for the fiscal year ended March 31, 2026. This included the audited balance sheet, profit and loss account, cash flow statement, and reports from the Board of Directors and auditors.

Key Resolutions Adopted

Shareholders approved the following items with requisite majority:

• Adoption of Financial Statements: The standalone financial statements for FY26 were received, considered, and adopted.
• Director Re-appointment: Mrs. Urmil Gupta was re-appointed as a director liable to retire by rotation.
• Auditor Re-appointment: M/s BAS & Co. LLP, Chartered Accountants, were re-appointed as statutory auditors for a term of five consecutive years. The Board was authorized to fix their remuneration.

Voting Outcome Analysis

The voting process was overseen by Mr. Vivek Kumar, Company Secretary in practice, acting as the scrutinizer. The results indicate unanimous support among participating voters for all three resolutions, with no votes cast against any item.

What the Numbers Show

A notable pattern in the voting data is the complete absence of dissenting votes across all three resolutions. While 94.85% of the valid votes polled were cast in favor, the remaining 5.15% were declared invalid or abstained, rather than being cast against the management's proposals. This suggests either high alignment between the promoter group and the public shareholders who participated, or that the minority shareholders who voted did so exclusively in support of the board's recommendations. The total number of shares voted was 6,388, representing a small fraction of the total outstanding equity, highlighting low retail participation in this specific voting cycle despite the large shareholder base of 10,757 registered members.

Sharpline Broadcast Limited has proposed the voluntary delisting of its equity shares from the Metropolitan Stock Exchange of India (MSEI) without providing an exit opportunity to shareholders. The company’s Board of Directors approved the proposal on September 9, 2026.

The delisting is driven by low trading volumes of its shares on the exchange and the additional burden of listing fees, which the company cited as making continued listing on MSEI operationally and financially inefficient. Sharpline Broadcast intends to maintain its listing on the Bombay Stock Exchange (BSE).

Regulatory Framework

The move complies with Regulation 6 of the SEBI (Delisting of Equity Shares) Regulations, 2021. This regulation permits companies to delist from a stock exchange without offering an exit price to shareholders if they continue to be listed on a nationwide stock exchange. Consequently, shareholders holding shares on MSEI will see their holdings transferred or adjusted in line with the delisting process, but no cash exit offer will be made.

The application for voluntary delisting will be submitted to MSEI in accordance with applicable regulations. The delisting shall become effective only upon receipt of approval from MSEI. On September 10, 2026, the company published notices in Financial Express and Jansatta newspapers pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Shareholding Details

The equity shares involved in this proposal have a face value of ₹10 each. As per the filing, there are 2,86,34,916 equity shares currently listed on the exchange. The International Securities Identification Number (ISIN) for these shares is INE647W01014.