Sharpline Broadcast Limited , a company engaged in broadcasting and medicine sectors, has made two significant announcements following recent board meetings.

Delayed Approval of Q2 Financial Results

The company's Board of Directors met on November 18, 2025, to approve the unaudited financial results for the quarter and half-year ended September 30, 2025. This meeting was originally scheduled for November 14 but was adjourned due to statutory auditor observations. The delay was attributed to the company not receiving requisite financial statements and updated information from the auditors within the required timeframe.

Key financial highlights for the half-year ended September 30, 2025 (consolidated):

The company reported a loss for the period, with total expenses exceeding the revenue generated.

Proposal for Voluntary Delisting from MSEI

In a separate development, Sharpline Broadcast's Board of Directors, in their meeting held on November 17, 2025, approved a proposal for the voluntary delisting of the company's equity shares from the Metropolitan Stock Exchange of India Limited (MSEI).

Key points regarding the delisting proposal:

1. The company plans to continue its listing on BSE Limited, which is a recognized stock exchange with nationwide trading terminals.
2. As per Regulation 6(1)(a) of the SEBI (Delisting of Equity Shares) Regulations, 2021, no exit opportunity is required to be provided to shareholders.
3. The proposal aims to reduce compliance obligations and additional costs associated with maintaining dual listing.

The company stated that the proposed delisting from MSEI would not adversely affect shareholders, as they will continue to have access to a nationwide trading platform through BSE.

Sharpline Broadcast Limited will seek shareholder approval for this delisting proposal in due course, as required by regulatory guidelines.

The trading window for dealing in the company's equity shares is set to reopen on November 21, 2025, following the conclusion of the board meeting that approved the financial results.

Investors and stakeholders are advised to monitor further announcements from the company regarding these developments.

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.