Sharpline Broadcast fined Rs 1.77 lakh by stock exchanges

Sharpline Broadcast Limited has disclosed that BSE Limited and Metropolitan Stock Exchange Limited have levied a financial penalty on the company for non-compliance with specific regulatory requirements. The exchanges imposed the fine due to the company's failure to adhere to Regulation 6(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Details of the Penalty

The regulatory action stems from the company not appointing a qualified Company Secretary as Compliance Officer for the quarter ended March 2026. Consequently, both stock exchanges imposed a fine of Rs. 88,500, inclusive of GST at 18%. The orders regarding the imposition of these fines were received by the company on May 20, 2026.

Financial Impact

In its filing, Sharpline Broadcast clarified that the financial impact of these orders is limited strictly to the amount of the penalty imposed. The company further stated that there is no material impact on its operations or other activities resulting from these regulatory actions.

The company has confirmed that it will remit the fine to the respective exchanges within the stipulated time period prescribed by the authorities.

Authority	Nature of Action	Date of Order	Violation Details	Financial Impact
BSE Limited	Imposition of fine of Rs. 88,500/- (including GST @ 18%)	20th May, 2026	Non-appointment of a qualified Company Secretary as Compliance Officer for the quarter ended March 2026	Limited to the penalty amount; no material impact on operations
Metropolitan Stock Exchange Limited	Imposition of fine of Rs. 88,500/- (including GST @ 18%)	20th May, 2026	Non-appointment of a qualified Company Secretary as Compliance Officer for the quarter ended March 2026	Limited to the penalty amount; no material impact on operations

Sharpline broadcast Limited has submitted its yearly disclosure under SEBI SAST Regulations by promoters for the financial year ended March 31, 2026. The company forwarded the disclosure documents to BSE Limited and Metropolitan Stock Exchange of India Limited on April 9, 2026, as per regulatory requirements.

Promoter Disclosure Details

The disclosure covers three key promoters and persons acting in concert with the company:

Promoter Entity	Status	Declaration Date
Nishant Gupta	Individual Promoter	April 2, 2026
Dev Versha Publication Pvt Ltd	Corporate Promoter	April 2, 2026
Prabhatam Communication India Limited	Corporate Promoter	April 2, 2026

Share Encumbrance Status

All three promoters have declared that they made no encumbrance of shares during the financial year ended March 31, 2026. The key highlights of their disclosures include:

No direct or indirect encumbrance of shares by promoters or persons acting in concert
Zero encumbered or pledged shares as of March 31, 2026
All disclosures submitted in compliance with Regulation 31(4) of SEBI SAST Regulations, 2011

Corporate Entity Details

Dev Versha Publication Pvt Ltd, holding CIN U18129DL2006PTC150641 and PAN AACCD5058Q, confirmed no share encumbrances during FY26. Similarly, Prabhatam Communication India Limited (formerly Spaceship Infra Private Limited) with CIN U45100DL2006PLC150578 and PAN AACCD6495P, also declared zero encumbered shares.

Regulatory Compliance

The disclosures were submitted to the company's Audit Committee and forwarded to both BSE Limited and Metropolitan Stock Exchange of India Limited. Sanjeev Kumar Jha, Whole Time Director with DIN 02840583, signed the forwarding letter on behalf of Sharpline Broadcast Limited from New Delhi.

Stock Exchange Submission

The promoters submitted their individual disclosures directly to the stock exchanges at corp.relations@bseindia.com and listingcompliance@msei.in . The company has requested both exchanges to host the disclosure documents on their respective websites for public access and transparency.