Navigant Corporate Advisors Ltd. ("Manager to the Offer") has submitted to BSE a copy of Corrigendum to the Detailed Public Statement for attention to the Shareholders of Sharp India Ltd ....
Awaiting price reaction for this filing.
Smart Services Private Limited (the Acquirer) has issued a corrigendum to the Detailed Public Statement for its open offer to buy up to 64,86,000 equity shares (25%) of Sharp India Ltd at Rs. 10 per share. The open offer was triggered by the Acquirer purchasing 1,94,58,000 shares (75%) from existing promoters on June 02, 2026, under a Share Purchase Agreement dated April 14, 2026. The corrigendum only revises the schedule of activities — the offer opening has been pushed from June 08, 2026 to June 16, 2026, and closure from June 19 to June 30, 2026. All other terms, including the offer price of Rs. 10 per share, remain unchanged. Payment of consideration to tendering shareholders is now expected by July 14, 2026.
Public shareholders of Sharp India now have a slightly longer window to tender shares in the open offer, but the offer price and structure are unchanged. The underlying deal — change of control via the SPA — has already happened, so this corrigendum is procedural and unlikely to move the stock price significantly.