We are hereby Submitting Disclosure under Regulations 29(1) of SEBI (SAS&T), Regulations, 2011
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MP Infracon Private Limited has acquired 28,57,142 equity shares (9.98%) of Sharpline Broadcast Limited through a preferential allotment made on February 24, 2026. The shares were allotted pursuant to conversion of a loan into equity. Before this acquisition, MP Infracon held 0% of the company; this is their first-time entry as a shareholder. As a result of this allotment, the total paid-up equity share capital of Sharpline Broadcast increased from Rs. 16.78 crore (1.67 crore shares) to Rs. 28.63 crore (2.86 crore shares). With this acquisition, MP Infracon has crossed the 5% disclosure threshold under SEBI Takeover Regulations, requiring it to file this disclosure with the stock exchanges (BSE and MSE).
A new entity has become a significant shareholder with nearly 10% stake, which is close to the 10% creeping acquisition limit (acquiring more than 5% additional stake post 5% crossing would trigger an open offer). The preferential allotment has also diluted existing shareholders, and the loan-to-equity conversion changes the company's capital structure.