Navigant Corporate Advisors Ltd. ("Manager to the Offer") has submitted to BSE a copy of Detailed Public Statement for the attention of the Equity Shareholders of Sharp India Ltd (Target Company").
Awaiting price reaction for this filing.
Smart Services Private Limited has published a Detailed Public Statement for a mandatory open offer to acquire up to 64,86,000 equity shares (25%) of Sharp India Ltd from public shareholders at Rs. 10 per share. This offer is triggered due to an underlying Share Purchase Agreement where Smart Services agreed to buy 75% stake (1,94,58,000 shares) from Sharp Corporation, Japan (existing promoter) also at Rs. 10 per share. Upon completion of both transactions, the Acquirer will own 100% of the company. Sharp Corporation will exit as promoter and be reclassified as a public shareholder. The target company has been loss-making with negative net worth (Rs. -13,641.43 Lacs as of Dec 2025) and has had no production operations since 2015. The maximum offer consideration is Rs. 6.49 crore.
The stock may see increased volatility due to the open offer. Public shareholders are being given an exit opportunity at Rs. 10 per share, though the company has negative net worth and no active operations. The Acquirer intends to take management control and may diversify business activities.