Sharpline Broadcast Limited has announced significant corporate actions following a board meeting held on November 17, 2025. The company's board has approved several key decisions that could potentially impact its capital structure and stock exchange listing.

Increase in Authorized Share Capital

The board has approved an increase in the company's authorized share capital from Rs. 27.50 crores to Rs. 35.00 crores. This decision will be put to vote at an Extraordinary General Meeting (EGM) scheduled for December 12, 2025. The proposed increase aims to accommodate potential future allotments and provide the company with greater financial flexibility.

Option for Loan Conversion

In a move that could strengthen the company's balance sheet, Sharpline Broadcast has approved providing an option to convert existing inter-corporate loans into equity shares. This decision affects loans from four entities:

The board believes this conversion option could enhance the company's net worth and improve its financial position. The specific terms and conditions for the conversion will be decided between the corporate lenders and the company at the time of actual conversion.

Voluntary Delisting from MSEI

Sharpline Broadcast has also approved a proposal to voluntarily delist its equity shares from the Metropolitan Stock Exchange of India Limited (MSEI). The company plans to maintain its listing on the BSE Limited, which offers a nationwide trading platform.

The board cited negligible trading volumes on MSEI and the additional compliance costs associated with maintaining dual listing as reasons for this decision. As the company's shares will continue to be listed on BSE, shareholders will still have access to a nationwide trading platform and liquidity for their holdings.

Shareholder Approval and Next Steps

These corporate actions, including the increase in authorized share capital, the loan conversion option, and the MSEI delisting, will require shareholder approval at the upcoming EGM. The company has emphasized that the proposed delisting from MSEI is not expected to adversely affect shareholders, as the BSE listing will be maintained.

Sharpline Broadcast's management appears to be taking steps to streamline its operations, improve its capital structure, and potentially reduce compliance costs. Shareholders and potential investors should closely monitor the outcomes of the EGM and any subsequent developments resulting from these proposed actions.

Sharpline Broadcast Limited has announced a second postponement of its board meeting, originally scheduled to review and approve the company's unaudited financial results for the quarter and half-year ended September 30, 2025. The delay is attributed to the non-receipt of completed financial statements and limited review material from the statutory auditor.

Timeline of Events

Key Points

• The board meeting was initially set for November 14, 2025, but was adjourned to November 15 due to incomplete financial documentation.
• At the November 15 meeting, the required financial statements were still not finalized by the statutory auditor, leading to a second adjournment.
• The rescheduled board meeting is now set for November 17, 2025, at 3:00 PM, subject to the receipt of completed financial statements and the limited review report from the statutory auditor.

Trading Window Closure

• The trading window for dealing in the company's securities remains closed.
• It will reopen on November 20, 2025, which is 48 hours after the approval and disclosure of the unaudited financial results.

Company's Statement

Sharpline Broadcast Limited has assured stakeholders that this delay is a one-time event due to unavoidable circumstances. The company emphasized its commitment to maintaining high levels of compliance and corporate governance.

Compliance Assurance

The company stated that the adjournment and reconvening of the board meeting are in compliance with the provisions of the Companies Act, 2013, and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Investors and stakeholders are advised to monitor further announcements from the company regarding the approval and disclosure of the financial results for the quarter and half-year ended September 30, 2025.