We hereby submit the intimation under Regulation 30 of SEBI (LODR) Regulation, 2015 in order to disclose material event.
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Sharpline Broadcast Ltd has increased its stake in its unlisted subsidiary, Unayur Marketing Private Limited, by subscribing to a rights issue of Rs. 1 crore. The company was allotted 10,00,000 equity shares of Rs. 10 each, in addition to its earlier holding of 5,123 shares. As a result, its shareholding in the subsidiary rose from 51.235% to 99.52%, effectively making it an almost wholly-owned subsidiary. The board approved the additional investment on April 1, 2025, and the shares were formally allotted on May 6, 2025.
The move strengthens Sharpline Broadcast's control over its subsidiary and consolidates the group's structure. For shareholders, this signals a deeper commitment to the subsidiary's business but is unlikely to cause any immediate change in the listed entity's stock price, as it involves an unlisted, already-controlled entity.