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.

Sharpline Broadcast Limited has disclosed regulatory penalties imposed by two major stock exchanges for non-compliance with SEBI listing regulations. The company received fines from both BSE Limited and Metropolitan Stock Exchange Limited for failing to meet mandatory compliance requirements during the quarter ended December 2025.

Regulatory Violations and Penalties

Both stock exchanges imposed fines on the company for non-compliance with Regulation 6(1) of SEBI (LODR) Regulations, 2015. The specific violation pertained to the company's failure to appoint a qualified Company Secretary as Compliance Officer for the quarter ended December 2025.

Company's Response and Compliance

The company made the disclosure pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, following SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. Sharpline Broadcast Limited has committed to remitting the imposed fines within the stipulated time period as prescribed by the exchanges.

Financial and Operational Impact

According to the company's disclosure, the financial impact of the penalties is limited to the amount of fines imposed. The company has stated that there is no material impact on its operations or other business activities. The regulatory action appears to be administrative in nature, focusing on compliance with governance requirements rather than operational or financial irregularities.

Corporate Governance Framework

Regulation 6(1) of SEBI (LODR) Regulations, 2015 mandates that listed companies appoint a qualified Company Secretary as Compliance Officer to ensure adherence to various regulatory requirements. This position is crucial for maintaining corporate governance standards and ensuring timely compliance with disclosure obligations and other regulatory mandates.

The disclosure was signed by Sanjeev Kumar Jha, Whole-Time Director of the company, demonstrating board-level acknowledgment of the regulatory issues and commitment to addressing the compliance gaps.