Sharp India Reports Rs 517.19 Lakh Loss in Q1, Reappoints Independent Director
Sharp India Limited reported a net loss of Rs 517.19 lakh for Q1 ended June 30. Total income was Rs 1.25 lakh, while expenses reached Rs 518.44 lakh. The company has not produced LED TVs since April 2015 and air conditioners since June 2015 due to lack of orders. Accumulated losses stand at Rs 17,174.95 lakh. Sharp Corporation, Japan continues to provide financial support. Auditors issued a qualified conclusion for the 17th consecutive time. The Board approved reappointment of Abhijeet Bhagwat as Independent Director and appointed new Secretarial Auditor.