Sharpline Broadcast Limited has announced a key leadership change with the resignation of its Chief Financial Officer Ms. Monica Asri, effective January 07, 2026. The company formally communicated this development to stock exchanges under regulatory compliance requirements.

Resignation Details

The resignation was announced through an official intimation to BSE Limited and Metropolitan Stock Exchange Limited, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The decision was made based on the recommendation of the company's Nomination and Remuneration Committee.

Official Communication

Ms. Monica Asri submitted her resignation letter directly to the Board of Directors, requesting immediate relief from her duties as CFO. In her resignation letter, she specifically mentioned personal and unavoidable circumstances as the primary reasons for her departure. The resignation letter was addressed to the company's registered office at 38 Rani Jhansi Road, Motia Khan, Paharganj, Delhi.

Regulatory Compliance

The company has fulfilled all necessary regulatory requirements by filing the appropriate documentation with stock exchanges. Whole-Time Director Sanjeev Kumar Jha signed the official intimation on behalf of Sharpline Broadcast Limited. The filing included comprehensive details as required under SEBI circular guidelines, ensuring full transparency regarding the leadership change.

Company Information

Sharpline Broadcast Limited operates in the media sector and maintains its registered office in Delhi. The company is listed on both BSE Limited (Scrip Code: 543341) and Metropolitan Stock Exchange Limited (Scrip Symbol: SHARPLINE), ensuring compliance with dual listing requirements for such corporate announcements.

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.