Navigant Corporate Advisors Ltd. ("Manager to the Offer") has submitted to BSE a copy of Public Announcement under Regulation 3(1), Regulation 4 read with Regulation 13 and Regulation 14 ....
Awaiting price reaction for this filing.
Smart Services Private Limited has triggered an open offer to acquire up to 64,86,000 equity shares (25% of voting capital) of Sharp India Limited from public shareholders at Rs. 10 per share. This offer was triggered following a Share Purchase Agreement dated April 14, 2026 where Smart Services acquired 75% stake (1,94,58,000 shares) from Sharp Corporation (existing promoter) at the same price of Rs. 10 per share. The total offer consideration is Rs. 6.49 crore, payable in cash. After completion, Smart Services will become the new promoter of Sharp India Limited, while Sharp Corporation will be reclassified as a public shareholder.
Sharp Corporation is exiting as promoter after holding 75% stake. Smart Services Private Limited is acquiring control of the company through this transaction. The offer price of Rs. 10 equals the face value, suggesting minimal premium for public shareholders.