We hereby Submitting EGM Notice along with Corrigendum and Addendum for the EGM to be held on Thursday 22nd January,2026 at 12:00 P.M.
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Awaiting price reaction for this filing.
Sharpline Broadcast has issued a corrigendum to its EGM notice (scheduled for January 22, 2026) correcting errors in the proposed preferential equity issue to creditors for converting outstanding unsecured inter-corporate loans. The issue price has been revised upward from ₹13 to ₹14 per share, marginally reducing the total number of shares to be issued from about 1.28 crore to 1.19 crore shares, with the total issue size remaining around ₹16.6 crore. The missing Practicing Company Secretary (PCS) certificate under SEBI ICDR Regulation 163(2) has now been furnished, and an addendum to the registered valuer's report has been provided. The minimum floor price computed per SEBI Regulation 164 was ₹13.15 (90-day VWAP), while the registered valuer's fair value was ₹10.46.
Existing shareholders will see slightly less dilution than earlier notified because fewer shares will be issued at a higher price, while creditors-turned-allottees (JMD Realtors, MP Infracon, Bhudella Fincap, and Sharp Eye Medicare) will each end up with marginally lower share allocations. The corrections are procedural and aimed at regulatory compliance, with no fundamental change to the loan-to-equity conversion plan.