Sharpline Broadcast Limited has announced a key leadership appointment, naming Mr. Ashish as the company's new Company Secretary and Compliance Officer. The appointment, effective March 17, 2026, was approved by the Board of Directors during their meeting held on the same date.

Regulatory Compliance and Appointment Details

The appointment has been made in accordance with Section 203 of the Companies Act, 2013 and Regulation 6(1) of the SEBI Listing Regulations. The company has designated Mr. Ashish as Key Managerial Personnel, fulfilling regulatory requirements under Regulation 30 read with Part A of Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Professional Background and Qualifications

Mr. Ashish brings significant expertise to his new role as an Associate Member of the Institute of Company Secretaries of India (ICSI), holding membership number ACS 79706. His professional background includes hands-on experience in managing secretarial and compliance functions of listed companies.

The newly appointed Company Secretary possesses strong command over:

• Provisions of the Companies Act, 2013
• SEBI (LODR) Regulations
• Corporate and securities laws
• Listed company compliance requirements

Terms of Appointment

According to the company's disclosure, Mr. Ashish will hold office from March 17, 2026, until resignation or termination in accordance with applicable laws and company policies. The appointment ensures continuity in the company's compliance and secretarial functions while meeting statutory requirements for Key Managerial Personnel.

The company has notified both BSE Limited and Metropolitan Stock Exchange Limited about this appointment, maintaining transparency with stakeholders and regulatory bodies as required under SEBI Master Circular guidelines.

Sharpline Broadcast Limited has received another substantial acquisition disclosure following its recent preferential allotment, with MP Infracon Private Limited crossing the regulatory threshold requiring mandatory disclosure under SEBI takeover regulations. The company had successfully completed the allotment of 1,18,57,140 fully paid-up equity shares on February 24, 2026, following a comprehensive regulatory approval process.

MP Infracon Crosses Regulatory Threshold

MP Infracon Private Limited has filed a disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, after acquiring 28,57,142 equity shares constituting 9.98% of the paid-up equity share capital. This marks the first-time acquisition of shares in Sharpline Broadcast by MP Infracon, crossing the 5% threshold that triggers mandatory disclosure requirements.

Share Allotment Details

The company issued equity shares with a face value of Rs. 10 each at an issue price of Rs. 14 per share, including a premium of Rs. 4. The allotment was executed on a preferential basis pursuant to conversion of loan to the allottees, raising a total amount of Rs. 16,59,99,960.

Capital Structure Impact

The preferential allotment has substantially expanded the company's equity base. Following the completion of the allotment, the paid-up equity share capital increased significantly from the previous levels.

Complete Allottee Details

The shares were allocated to four non-promoter entities through loan conversion. All allottees fall under the non-promoter category, representing external investment in the company's growth initiatives. MP Infracon received the second-largest allocation among the four allottees.

Regulatory Compliance and Timeline

The allotment process adhered to a structured regulatory timeline spanning several months. The board initially approved the proposal on December 26, 2025, followed by shareholder approval through special resolution at an Extraordinary General Meeting on January 22, 2026. Stock exchange approvals were secured from BSE Limited and Metropolitan Stock Exchange Limited on February 11, 2026, and February 18, 2026, respectively. The newly allotted equity shares rank pari-passu in all respects with the existing equity shares of the company.