We are hereby submitting the outcome of the Board Meeting held today i.e. on Friday, 22nd August, 2025 at 11.00 P.M and concluded at 12.00 P.M at the registered office of the Company.
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Awaiting price reaction for this filing.
Sharpline Broadcast's board met on August 22, 2025 and approved the notice for its 35th Annual General Meeting (AGM) scheduled for September 24, 2025 via video conferencing. The board signed off on the Board Report and financial statements for FY ended March 31, 2025, and appointed Mr. Vivek Kumar (V Kumar & Associates) as the new Secretarial Auditor for a 5-year term starting April 1, 2025, subject to shareholder approval at the AGM. The board also recommended revoking a resolution passed at an EGM on August 12, 2025 that had approved a proposed investment in KDM Business Ltd, citing no action taken after the EGM and a strategic re-evaluation of priorities. The revocation will be put to shareholders as a special resolution at the upcoming AGM.
The KDM Business Ltd investment revocation is the most material item — it signals the company has pulled back from a previously announced acquisition/investment, which shareholders should weigh when assessing the company's growth plans. Routine items like the AGM notice and auditor appointment are standard compliance matters with no expected price impact.