With reference to the above-captioned subject, we wish to inform you that the Board of Directors of the Company at its meeting held today, i.e., Friday, 26th December, 2025, at the registered ....
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The Board of Directors of Sharpline Broadcast Ltd, at its meeting held on 26th December 2025, approved three key items: (1) the notice for an Extra-Ordinary General Meeting (EGM) to be held on 22nd January 2026, (2) appointment of Mr. Vivek Kumar as Scrutinizer for the EGM, and (3) issue and allotment of 1,27,69,229 fully paid-up equity shares (aggregating Rs. 16.60 crores) on a preferential basis to four non-promoter creditors by way of conversion of unsecured inter-corporate loans. The shares will be issued at Rs. 13 each (face value of Rs. 10 and a premium of Rs. 3). As a result, the total share count will rise from 1.67 crore to 2.95 crore shares, and the promoter holding will dilute significantly from 29.68% to 16.85%, while private body corporates' stake will jump from 33.67% to 62.33%. The conversion is subject to shareholder approval at the upcoming EGM.
Existing shareholders will face meaningful dilution, with their proportional ownership shrinking as the share base expands by roughly 76%. The company's debt will reduce and net worth improve, which is positive for balance sheet health, but promoters losing nearly half their stake signals a major shift in ownership control toward the four lending creditors.