Sharpline Broadcast Limited has disclosed regulatory penalties imposed by two major stock exchanges for non-compliance with SEBI listing regulations. The company received fines from both BSE Limited and Metropolitan Stock Exchange Limited for failing to meet mandatory compliance requirements during the quarter ended December 2025.

Regulatory Violations and Penalties

Both stock exchanges imposed fines on the company for non-compliance with Regulation 6(1) of SEBI (LODR) Regulations, 2015. The specific violation pertained to the company's failure to appoint a qualified Company Secretary as Compliance Officer for the quarter ended December 2025.

Company's Response and Compliance

The company made the disclosure pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, following SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. Sharpline Broadcast Limited has committed to remitting the imposed fines within the stipulated time period as prescribed by the exchanges.

Financial and Operational Impact

According to the company's disclosure, the financial impact of the penalties is limited to the amount of fines imposed. The company has stated that there is no material impact on its operations or other business activities. The regulatory action appears to be administrative in nature, focusing on compliance with governance requirements rather than operational or financial irregularities.

Corporate Governance Framework

Regulation 6(1) of SEBI (LODR) Regulations, 2015 mandates that listed companies appoint a qualified Company Secretary as Compliance Officer to ensure adherence to various regulatory requirements. This position is crucial for maintaining corporate governance standards and ensuring timely compliance with disclosure obligations and other regulatory mandates.

The disclosure was signed by Sanjeev Kumar Jha, Whole-Time Director of the company, demonstrating board-level acknowledgment of the regulatory issues and commitment to addressing the compliance gaps.

Sharpline Broadcast Limited has successfully conducted its rescheduled board meeting and approved the unaudited financial results for the quarter ended December 31, 2025. The meeting, originally scheduled for February 3, 2026, was held on February 14, 2026, at the company's registered office as previously announced.

Board Meeting Outcomes

The board meeting was conducted with comprehensive agenda items and formal approvals:

The board considered and approved both the unaudited standalone and consolidated financial results of the company for the quarter ended December 31, 2025. Additionally, the board reviewed and took on record the limited review report on the unaudited financial results for the same period.

Regulatory Compliance and Documentation

The company has submitted comprehensive documentation to the stock exchanges in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The submission includes unaudited standalone and consolidated financial results for Q3FY26, along with the limited review report by BAS & Co LLP, Chartered Accountants, and proper digital signatures from authorized personnel.

Subsidiary Information and Consolidation

The consolidated financial results include the company's subsidiaries with their respective holdings:

Auditor's Review and Certification

BAS & Co LLP, the company's chartered accountants, conducted the limited review of both standalone and consolidated financial results. The auditors confirmed that the financial statements were prepared in accordance with Indian Accounting Standards and disclosed all required information under SEBI regulations without any material misstatements. The review was conducted in accordance with Standard on Review Engagement (SRE) 2410.

Management Authorization

The financial results were digitally signed by key management personnel, including Sanjeev Kumar Jha, Whole Time Director (DIN: 02840583), ensuring proper authorization and compliance with regulatory requirements. The trading window for all designated persons will reopen on February 17, 2026, as previously communicated.