Please find enclosed Annual report 2024-25 of Sharp India Limited.
Awaiting price reaction for this filing.
Sharp India Limited has submitted its 40th Annual Report for FY2024-25 to BSE, along with the notice for its 40th Annual General Meeting scheduled for Friday, 26th September 2025 at 12:00 noon via video conferencing. Shareholders will consider adoption of audited FY25 financial statements and re-appointment of Mr. Naoki Hatayama as a director retiring by rotation. Special business includes re-appointment of Mr. Abhijeet Bhagwat as an Independent Director for a second 5-year term (Oct 2025 to Oct 2030), approval of material related party transactions with Sharp Corporation Japan and its subsidiaries valued at Rs. 19,925 Lakhs for FY2026-27, approval of remuneration for the CFO and Company Secretary, and appointment of M/s. SVD & Associates as Secretarial Auditor for 5 years. Sharp India is a group company of Sharp Corporation, Japan, with MUFG Bank, Mizuho Bank, and Citibank as its principal bankers.
The Rs. 19,925 Lakhs (approx Rs. 199 crore) material related party transactions with the Japanese parent group underline Sharp India's continued operational and financial dependence on Sharp Corporation Japan. Shareholders should review these RPTs carefully as they represent significant inter-company loans, guarantee fees, purchases, and reimbursements. The AGM is purely procedural with no immediate price-moving catalysts expected from the resolutions.