FY26 Annual Report and AGM Notice filed; 49th AGM on Aug 7, 2026
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Sharp Investments has filed its FY26 annual report and 49th AGM notice, with the meeting set for August 7, 2026. Key proposals include acquiring 100% of Rajal Lefin and Commercial Pvt Ltd for about Rs 27.5 crore via share swap, which will lead to issuing 27.51 crore new equity shares, more than doubling the current 24.25 crore share count. Also proposes increasing authorized share capital from Rs 24.25 crore to Rs 51.80 crore, change of statutory auditor from Beriwal and Associates to Arun Jain and Associates, and regularization of two independent directors.
Massive share dilution ahead as share count more than doubles. Acquisition, capital hike, and auditor change need shareholder approval at the AGM.