Sharp India Limited has announced that its Board of Directors will convene on February 10, 2026, to review and approve the company's quarterly financial performance. The meeting represents a key milestone in the company's regulatory compliance and financial reporting schedule.

Board Meeting Details

The board meeting has been scheduled to take place through video conference format, reflecting modern corporate governance practices. The primary agenda focuses on the consideration and approval of unaudited financial results for a specific reporting period.

Regulatory Compliance

The announcement has been made in strict adherence to SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, particularly under Regulation 29(1). This regulation mandates listed companies to provide advance notice of board meetings where financial results will be considered.

Sharp India Limited has formally communicated this information to BSE Limited, where the company's shares are listed under script code 523449. The notification ensures transparency and keeps stakeholders informed about important corporate developments.

Corporate Communication

The official communication was signed by Company Secretary Chandranil Belvalkar (Membership No- A24015) and dated February 2, 2026. This advance notice provides stakeholders with adequate time to prepare for the upcoming financial results announcement.

The company maintains its registered office and factory at Gat.no. 686/4, Koregaon Bhima, Tal. Shirur District, Pune, and operates under CIN L36759MH1985PLC036759. The formal notification process demonstrates the company's commitment to maintaining proper corporate governance standards and regulatory compliance.

Sharp India Limited , a consumer electronics company, has reported a substantial loss for the quarter ended September 30, 2025, amid ongoing operational challenges. The company's financial results, approved by its Board of Directors on November 11, 2025, reveal a deepening financial crisis and a shift in accounting approach.

Financial Performance

Sharp India's financial performance for the quarter and half-year ended September 30, 2025, paints a grim picture:

The company's accumulated losses as of September 30, 2025, stand at Rs 17,918.91 lakhs, resulting in significant erosion of its net worth.

Operational Status

Sharp India has been facing severe operational challenges:

• No production of LED TVs since April 2015
• Air conditioner production ceased since June 2015
• No production activity since FY 2015-16

Shift to Non-Going Concern Basis

Due to the persistent losses and uncertainty regarding alternate revenue streams, the management has made a critical decision:

• Financial results are now prepared on a 'not going concern' basis
• Assets measured at lower of estimated net realizable value and carrying amount
• Liabilities measured at settlement amounts

This shift resulted in an exceptional charge of Rs 216.87 lakhs for the reinstatement of borrowings at settlement value.

Financial Support

Despite the operational cessation, Sharp Corporation, Japan, the majority shareholder and holding company, continues to provide financial and operational support. They have committed to extending this support until at least September 30, 2026.

Future Outlook

While the company is exploring alternate revenue streams, there remains significant uncertainty regarding the time required to successfully identify and establish such streams. The management's decision to shift to a non-going concern basis reflects the gravity of the current situation.

Sharp India's ability to reverse its fortunes will likely depend on successfully identifying new business opportunities and the continued support from its parent company. Stakeholders will be closely watching for any signs of a turnaround in the coming quarters.