We are hereby submitting disclosure Under Regulation 29(1) of (SAS&T) Regulation, 2011
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Sharpline Broadcast Ltd informed the exchanges that Bundella Fincap Limited has been allotted 25,71,428 equity shares (face value Rs. 10 each) through a preferential allotment on February 24, 2026. This allotment represents 8.98% of the company's paid-up equity share capital, which rose from 1,67,77,776 shares (Rs. 16.78 crore) to 2,86,34,916 shares (Rs. 28.63 crore) post-allotment. This is Bundella Fincap's first acquisition in Sharpline Broadcast, taking its holding from nil to 8.98% and crossing the 5% disclosure threshold under SEBI takeover regulations. Bundella Fincap is identified as part of the Promoter/Promoter Group of the company.
A promoter-group entity increasing its stake to nearly 9% via preferential allotment signals promoter confidence and brings in fresh capital to the company. Shareholders should note the promoter holding has expanded, which may be viewed positively as it shows promoter commitment, though it also results in equity dilution for existing shareholders.