We are hereby Submitting Disclosure under Regulation 29(1) os SEBI(SAS&T) Regulations,2011
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Sharpline Broadcast Ltd has informed the stock exchanges about a disclosure received from JMD Realtors Private Limited under SEBI Takeover Regulations. JMD Realtors was allotted 35,71,428 equity shares of Rs. 10 each via preferential allotment on February 24, 2026, representing 12.47% of the company's paid-up equity capital. This is the first acquisition by JMD Realtors in the company, taking their holding from zero to 12.47% and crossing the 5% disclosure threshold. The shares were issued upon conversion of a loan into equity. As a result, the total equity share capital of Sharpline Broadcast has expanded from 1,67,77,776 to 2,86,34,916 shares.
Shareholders should note a significant dilution as the share count expanded by roughly 70% due to this preferential allotment-conversion. A new non-promoter entity now holds 12.47%, which is above the 10% mark and may be watched for further acquisitions toward the 26% open-offer trigger threshold.