We are hereby submitting Revised Intimation of Corrigendum and Addendum to the Notice of EGM to be held on Thursday, 22nd January, 2026
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Sharpline Broadcast Limited has issued a corrigendum to its EGM notice (originally sent on 30 December 2025) to fix clerical errors in the proposed preferential issue of equity shares to four creditors for converting outstanding unsecured inter-corporate loans. The corrected issue price is ₹14 per share (earlier wrongly stated as ₹13), and the revised number of shares to be issued is 1,18,57,140 for a total issue size of approximately ₹16.6 crore (down marginally from ₹16,59,99,977 to ₹16,59,99,960). The four allottees are JMD Realtors (35,71,428 shares, 12.47%), MP Infracon (28,57,142 shares, 9.98%), Bundella Fincap (25,71,428 shares, 8.98%), and Sharp Eye Medicare (28,57,142 shares, 9.98%), giving them a combined post-issue holding of about 41.41%. The Practicing Company Secretary's compliance certificate under SEBI ICDR Regulation 163(2), which was inadvertently omitted earlier, has now been included. The pricing certificate confirms a minimum floor price of ₹13.15 per share based on the 90-day BSE VWAP, while the independent registered valuer assessed fair value at ₹10.46 per share as of 23 December 2025.
Existing shareholders will face meaningful equity dilution as the four creditor-allottees together will hold over 41% of the post-issue capital. The loan-to-equity swap reduces debt obligations but introduces significant new shareholders, potentially altering control dynamics. No immediate cash inflow since this is debt conversion, but it strengthens the balance sheet by replacing liabilities with equity.