Corrigendum to Detailed Public Statement dated 04th June 2026
Awaiting price reaction for this filing.
Navigant Corporate Advisors, on behalf of acquirer Smart Services Private Limited, has issued a corrigendum to the Detailed Public Statement originally published on April 21, 2026. The corrigendum revises the schedule of activities for the open offer to acquire up to 64,86,000 equity shares (25% of paid-up capital) of Sharp India at Rs. 10 per share, under SEBI Takeover Regulations. All key dates have been pushed back by roughly 8-11 days, with the offer window now revised from June 16, 2026 to June 30, 2026. The acquirer has already completed the purchase of 1,94,58,000 shares from promoters/sellers on June 02, 2026 under a Share Purchase Agreement dated April 14, 2026. The offer price and other terms remain unchanged.
Shareholders get additional time to decide on tendering shares, with the new offer window running from June 16 to June 30, 2026. Since the open offer price (Rs. 10/share) remains unchanged, shareholders should compare this with market price before tendering. No change to the deal economics—just a procedural schedule revision.