Sharpline Broadcast Limited has disclosed a substantial acquisition by Bundella Fincap Limited under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The transaction represents a significant corporate development involving preferential allotment of equity shares.

Acquisition Details

Bundella Fincap Limited acquired 25,71,428 equity shares of ₹10 each through preferential allotment completed on February 24, 2026. This acquisition constitutes 8.98% of the paid-up equity share capital of Sharpline Broadcast Limited. The transaction marks Bundella Fincap's first-time investment in the target company, with their shareholding crossing the 5% threshold that mandates regulatory disclosure.

Share Capital Impact

The preferential allotment significantly expanded Sharpline Broadcast's equity base. Prior to the acquisition, the company had 1,67,77,776 equity shares with a total value of ₹16,77,77,760. Following the allotment, the total equity share capital increased to 2,86,34,916 shares valued at ₹28,63,49,160.

Regulatory Compliance

The disclosure was made under Regulation 29(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Bundella Fincap Limited, represented by Director Mohit Nayyar (DIN: 06605924), submitted the required documentation to both BSE Limited and Metropolitan Stock Exchange of India Limited, where Sharpline Broadcast shares are listed.

Transaction Structure

The equity shares were allotted pursuant to conversion of loan, indicating that Bundella Fincap had previously extended financial assistance to Sharpline Broadcast. The conversion mechanism transformed the debt obligation into equity participation, providing Bundella Fincap with an ownership stake in the broadcasting company.

Sharpline Broadcast Limited, incorporated in 1990 and headquartered in Delhi, operates in the broadcasting sector. The company is listed on BSE with scrip code 543341 and on Metropolitan Stock Exchange with symbol SHARPLINE. The transaction was formally communicated by Whole Time Director Sanjeev Kumar Jha (DIN: 02840583) on February 26, 2026.

Sharpline Broadcast Limited has successfully completed a preferential allotment of equity shares, marking a significant expansion in its paid-up share capital. The board of directors approved the allotment of 1,18,57,140 fully paid-up equity shares on February 24, 2026, following a comprehensive regulatory approval process.

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.

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.

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.

Next Steps and Trading Approval

The newly allotted equity shares will rank pari-passu in all respects with the existing equity shares of the company. Sharpline Broadcast will apply to the stock exchanges for listing and trading approval for the newly allotted equity shares in due course. The board meeting for finalizing the allotment was conducted on February 24, 2026, commencing at 3:30 p.m. and concluding at 4:30 p.m.