Sharpline Broadcast Limited has received another substantial acquisition disclosure following its recent preferential allotment, with MP Infracon Private Limited crossing the regulatory threshold requiring mandatory disclosure under SEBI takeover regulations. The company had successfully completed the allotment of 1,18,57,140 fully paid-up equity shares on February 24, 2026, following a comprehensive regulatory approval process.

MP Infracon Crosses Regulatory Threshold

MP Infracon Private Limited has filed a disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, after acquiring 28,57,142 equity shares constituting 9.98% of the paid-up equity share capital. This marks the first-time acquisition of shares in Sharpline Broadcast by MP Infracon, crossing the 5% threshold that triggers mandatory disclosure requirements.

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.

Complete 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. MP Infracon received the second-largest allocation among the four allottees.

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. The newly allotted equity shares rank pari-passu in all respects with the existing equity shares of the company.

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).