Sharpline Broadcast Limited has finalized the details for its Extraordinary General Meeting (EGM) following the board meeting held on December 26, 2025, approving comprehensive documentation for the conversion of ₹16.60 crore unsecured inter-corporate loans into equity shares.

EGM Scheduled for January 22, 2026

The company's Board of Directors has approved the draft notice for convening an EGM of shareholders scheduled for January 22, 2026. The meeting will be conducted through video conferencing (VC) and other audio-visual means (OAVM) at 12:00 PM, with the registered office deemed as the meeting venue.

Comprehensive Loan-to-Equity Conversion Framework

The board has approved a detailed proposal to convert unsecured inter-corporate loans into equity shares through preferential allotment. The conversion structure includes:

Detailed Allottee Information and Shareholding Impact

Four corporate creditors will receive equity shares through this conversion, with complete identification details provided:

All proposed allottees are classified as non-promoter entities with no existing shareholding in the company.

Regulatory Compliance and Pricing Framework

The conversion has been structured with comprehensive regulatory compliance:

Corporate Governance and Procedural Measures

The board has appointed Mr. Vivek Kumar, Practicing Company Secretary, as the Scrutinizer for conducting the voting process at the EGM, including remote e-voting and voting during the meeting. The company has provided detailed instructions for shareholder participation through video conferencing and e-voting procedures.

Strategic Rationale and Financial Impact

According to the comprehensive explanatory statement, this conversion aims to:

• Reduce interest burden on the company
• Improve net worth and financial position
• Enhance equity-debt ratio by decreasing liabilities
• Align lender interests with long-term company growth

The conversion follows the company's earlier reported financial results showing a loss of ₹443.64 lakhs on revenue of ₹5,048.81 lakhs for the half-year ended September 30, 2025.

Implementation Timeline and Next Steps

The EGM is scheduled for January 22, 2026, where shareholders will vote on the special resolution for the preferential allotment. If approved, the allotment must be completed within 15 days of shareholder approval, subject to regulatory clearances. The new equity shares will be subject to lock-in provisions as per SEBI regulations and will be listed on stock exchanges where the company's shares are currently traded.

The remote e-voting period will commence on January 19, 2026, at 9:00 AM and conclude on January 21, 2026, at 5:00 PM, with the record date set as January 15, 2026.

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.