Sharpline Broadcast Limited has successfully concluded its Extraordinary General Meeting (EGM) held on December 12, 2025, with shareholders approving all proposed corporate actions through electronic voting. The company announced the voting results on December 16, 2025, confirming significant changes to its capital structure and exchange listing. The scrutinizer report, prepared by Vivek Kumar (Company Secretary), provides comprehensive details of the voting process and results.

EGM Voting Framework and Process

The EGM was conducted through video conferencing, with electronic voting facilitated by National Securities Depository Limited. The voting period remained open from December 9-11, 2025, with additional e-voting facility provided during the meeting for attendees. The process was overseen by scrutinizer Vivek Kumar, appointed by the Board of Directors on November 17, 2025.

Resolution-wise Voting Results

All three special business resolutions were passed with overwhelming shareholder support, achieving identical 96.59% approval across all proposals. The uniform voting pattern demonstrates strong shareholder confidence in the proposed corporate restructuring initiatives.

Resolution 1: Authorized Share Capital Enhancement

Shareholders approved the increase in authorized share capital from ₹27.50 crores to ₹35.00 crores, providing enhanced financial flexibility for future growth initiatives and potential equity allotments.

Resolution 2: Inter-corporate Loan Conversion Framework

The proposal to provide conversion options for existing inter-corporate loans into equity shares received identical approval percentages. This strategic initiative affects loans totaling ₹16.60 crores from four corporate entities, potentially strengthening the company's balance sheet structure.

Resolution 3: Strategic MSEI Delisting

Shareholders approved the voluntary delisting of equity shares from Metropolitan Stock Exchange of India Limited (MSEI) while maintaining BSE listing. This decision reflects the company's focus on optimizing compliance costs and concentrating trading activity on the more liquid BSE platform.

Implementation Timeline and Strategic Impact

With comprehensive shareholder approval secured across all resolutions, Sharpline Broadcast can now implement these transformative corporate actions. The authorized share capital increase to ₹35.00 crores provides substantial headroom for future equity fundraising or strategic allotments. The loan conversion mechanism offers flexibility in capital structure optimization, potentially converting ₹16.60 crores of debt into equity based on future requirements.

The MSEI delisting decision, supported by negligible trading volumes on that exchange, will enable management to focus resources on maintaining robust BSE operations while reducing regulatory compliance costs. The company's continued BSE listing ensures uninterrupted nationwide trading access for shareholders, maintaining liquidity while streamlining exchange-related obligations.

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.