We are hereby submitting Scrutinizer''s Report for the EGM Held on Thursday 22nd January, 2026.
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Sharpline Broadcast Limited held an Extra-Ordinary General Meeting (EGM) on January 22, 2026, via video conferencing. The single special resolution sought shareholder approval to issue equity shares to creditors in exchange for converting their outstanding unsecured inter-corporate loans into equity. Of the 109 members who participated in voting, 101 members holding 9,746 shares (98.71%) voted in favour, while 8 members holding 127 shares (1.29%) voted against. The resolution was passed with overwhelming majority, with no invalid votes recorded. The scrutinizer's report was signed by Mr. Vivek Kumar, Practicing Company Secretary, on January 27, 2026.
The approved debt-to-equity conversion will result in equity dilution for existing shareholders as new shares are issued to creditors. While it helps reduce the company's unsecured loan obligations and may strengthen the balance sheet, shareholders should expect their proportional ownership to decrease following the issuance.