Announced Mon, 13 Jul · 20:52 IST
Sharp Investments board approves RLCPL acquisition and 27.55 cr share capital hike
Board & Shareholder Meetings View source PDF
Price
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AI summary
Board approved acquiring 100 percent of Rajal Lefin and Commercial Pvt Ltd (RLCPL) for Rs 27.51 cr via share swap, making it a wholly owned subsidiary. Also approved raising authorized capital from Rs 24.25 cr to Rs 51.80 cr and issuing 27.51 cr equity shares at Re 1 each to 7 RLCPL shareholders. AGM set for 7 August 2026. Q1 FY27 profit stood at Rs 7.52 lakh versus a loss of Rs 8.10 lakh last year.
Likely market impact
Share swap will dilute existing shareholders as RLCPL becomes wholly owned subsidiary. Subject to shareholder approval at 7 August AGM.