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.

Sharpline Broadcast has scheduled its 36th Annual General Meeting (AGM) for September 30, 2026. The meeting will be held through video conferencing or other audio-visual means.

The Board approved the re-appointment of M/s. BAS & Co. LLP as statutory auditor on September 5, 2026. This appointment is now listed as a key agenda item for shareholder ratification at the upcoming AGM.

AGM Details

The meeting will take place at 12:00 pm on September 30, 2026. The Register of Members and Share Transfer Books will remain closed from September 21, 2026, to September 29, 2026. The record date for determining voting rights is September 24, 2026.

Agenda Items

The ordinary business to be transacted includes:

• Adoption of the standalone Financial Statements for FY26, including the audited Balance Sheet as of March 31, 2026, and the Statement of Profit and Loss.
• Re-appointment of Mrs. Urmil Gupta (DIN: 00077946) as a director liable to retire by rotation.
• Re-appointment of M/s. BAS & Co. LLP (FRN: 323347E/E300008) as Statutory Auditors for a term of five years, from the conclusion of the 36th AGM until the conclusion of the 40th AGM.

Voting Process

Remote e-voting will be facilitated by National Securities Depository Limited (NSDL). The voting window opens on September 27, 2026, at 9:00 am and closes on September 29, 2026, at 5:00 pm. Shareholders holding securities in demat mode can vote through their depository accounts or the NSDL e-voting system.

Physical attendance is not required. Members can join the meeting 15 minutes before the scheduled start time. The facility is available for 1,000 members on a first-come, first-served basis, excluding large shareholders, promoters, and institutional investors who have unrestricted access.