Audited Financial Results for the quarter and financial year ended March 31, 2026
Awaiting price reaction for this filing.
Sharp India Limited reported a net loss of Rs. 569.03 Lakhs for Q4 FY26 and Rs. 2,419.89 Lakhs for full year FY26. The company has had no production activity since FY 2015-16, resulting in complete erosion of net worth. Total equity stands at negative Rs. 14,128.48 Lakhs. The management has concluded the company cannot be considered a going concern entity and financial statements have been prepared on non-going concern basis from Q3 FY25 onwards. An exceptional charge of Rs. 216.87 Lakhs was recorded for re-instatement of borrowings from related parties at settlement value. Revenue for the quarter was minimal at Rs. 3.63 Lakhs. Sharp Corporation Japan has entered into a Share Purchase Agreement to sell its 75% stake to Smart Services Private Limited, subject to regulatory approvals. Operating cash outflow was Rs. 753.69 Lakhs for the year.
The stock faces extreme risk as the company has negative net worth, no operating revenue, and is no longer treated as a going concern. The proposed change in controlling shareholder may or may not revive the business, but significant uncertainty remains.