Sharpline Broadcast Limited has disclosed a substantial acquisition of shares under SEBI regulations, with Sharp Eye Medicare Private Limited acquiring a significant stake through preferential allotment. The transaction represents a notable development in the company's shareholding pattern.

Share Acquisition Details

Sharp Eye Medicare Private Limited has been allotted 28,57,142 equity shares of Rs. 10/- each in Sharpline Broadcast Limited on February 24, 2026. This allocation constitutes 9.98% of the paid-up equity share capital of the target company. The acquisition marks the first investment by Sharp Eye Medicare in Sharpline Broadcast, taking their shareholding from zero to 9.98%.

Regulatory Compliance

The acquisition has triggered disclosure requirements under Regulation 29(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Sharp Eye Medicare's shareholding crossed the 5% threshold, necessitating formal disclosure to stock exchanges. The company has submitted the required documentation to BSE Limited and Metropolitan Stock Exchange of India Limited.

Share Capital Changes

The preferential allotment has resulted in changes to Sharpline Broadcast's equity structure. Prior to the acquisition, the company had 1,67,77,776 equity shares of Rs. 10/- each, totaling Rs. 16,77,77,760 in share capital. Post-allotment, the total equity shares increased to 2,86,34,916 shares, representing a share capital of Rs. 28,63,49,160.

Transaction Background

The equity shares were allotted pursuant to conversion of loan into equity shares through the preferential allotment mechanism. Sharp Eye Medicare Private Limited, represented by Director Pooja Aggarwal (DIN: 00466531), completed the necessary regulatory filings on February 26, 2026. The disclosure was signed by Sanjeev Kumar Jha, Whole Time Director of Sharpline Broadcast Limited (DIN: 02840583).

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.