Intimation of Share Purchase Agreement executed on 14th April 2026
Awaiting price reaction for this filing.
Sharp Corporation, Japan (the current promoter and holding company) has entered into a Share Purchase Agreement to sell its entire 75% stake (1,94,58,000 shares) in Sharp India Limited to Smart Services Private Limited for Rs. 10 per share, totaling Rs. 19.46 crore. The transaction triggers a mandatory open offer to public shareholders under SEBI Takeover Regulations. Upon completion, Sharp Corporation will cease to be the promoter of the company, resulting in a complete change of control. The buyer, Smart Services Private Limited, has no prior relationship with Sharp India Limited.
This represents a complete change of control at Sharp India, with the Japanese parent exiting entirely. Existing public shareholders should prepare for a mandatory open offer, which typically signals potential upward price movement. The stock may see increased volatility as the market digests the change in promoter.