Sharpline Broadcast Limited has announced a second postponement of its board meeting, originally scheduled to review and approve the company's unaudited financial results for the quarter and half-year ended September 30, 2025. The delay is attributed to the non-receipt of completed financial statements and limited review material from the statutory auditor.

Timeline of Events

Key Points

• The board meeting was initially set for November 14, 2025, but was adjourned to November 15 due to incomplete financial documentation.
• At the November 15 meeting, the required financial statements were still not finalized by the statutory auditor, leading to a second adjournment.
• The rescheduled board meeting is now set for November 17, 2025, at 3:00 PM, subject to the receipt of completed financial statements and the limited review report from the statutory auditor.

Trading Window Closure

• The trading window for dealing in the company's securities remains closed.
• It will reopen on November 20, 2025, which is 48 hours after the approval and disclosure of the unaudited financial results.

Company's Statement

Sharpline Broadcast Limited has assured stakeholders that this delay is a one-time event due to unavoidable circumstances. The company emphasized its commitment to maintaining high levels of compliance and corporate governance.

Compliance Assurance

The company stated that the adjournment and reconvening of the board meeting are in compliance with the provisions of the Companies Act, 2013, and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Investors and stakeholders are advised to monitor further announcements from the company regarding the approval and disclosure of the financial results for the quarter and half-year ended September 30, 2025.

Sharpline Broadcast Limited (SBL) has announced a series of significant corporate actions that could reshape the company's structure and market presence. The company's Board of Directors is set to meet on November 17, 2025, to discuss and approve several key proposals, which will then be put to a shareholder vote at an Extra-Ordinary General Meeting (EGM) scheduled for December 12, 2025.

Key Corporate Actions Under Consideration

Authorized Share Capital Increase

SBL plans to increase its authorized share capital from ₹27.50 crores to ₹35.00 crores. This move would expand the total number of equity shares from 2.75 crore to 3.50 crore, with each share maintaining a face value of ₹10.

Voluntary Delisting Proposal

The board will review a proposal for voluntary delisting of the company's shares from the Metropolitan Stock Exchange of India Limited (MSEI).

Conversion Option for Inter-corporate Loans and Investments

The company intends to provide an option to convert existing inter-corporate loans and investments into equity shares.

Shareholder Approval and Voting Process

These proposals will be subject to shareholder approval at the upcoming EGM. To ensure a fair and transparent voting process, Mr. Vivek Kumar, a Practicing Company Secretary, has been appointed as the scrutinizer for conducting the voting, including remote e-voting and voting during the meeting.

Financial Results and Trading Window

In a separate announcement, SBL has also scheduled a board meeting for November 14, 2025, to consider and approve the un-audited financial results for the quarter and half-year ended September 30, 2025. The trading window for the company's equity shares, which was closed, is set to reopen on November 17, 2025.

Implications for Investors

These proposed actions, if approved, could have significant implications for Sharpline Broadcast's shareholders:

Investors and stakeholders are advised to closely monitor these developments and consider their potential impact on their investment in Sharpline Broadcast Limited.

The company's management has not provided specific reasons for these proposed actions in the current announcements. Shareholders may seek more detailed explanations during the upcoming EGM to better understand the strategic rationale behind these significant corporate moves.