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., Monday, 17th November, 2025, at the registered ....
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Sharpline Broadcast's Board, which met on 17 November 2025, approved several items to be placed before shareholders at an Extra-Ordinary General Meeting (EGM) scheduled for 12 December 2025. The Board approved raising the Authorised Share Capital from Rs. 27.50 crore (2.75 crore equity shares of Rs. 10 each) to Rs. 35 crore (3.50 crore equity shares). It also approved giving an option to four inter-corporate lenders — JMD Realtors (Rs. 5 crore), MP Infracon (Rs. 4 crore), Bundella Fincap (Rs. 3.60 crore), and Sharp Eye Medicare (Rs. 4 crore), totalling Rs. 16.60 crore of unsecured loans — to convert their outstanding loans into equity shares. Additionally, the Board approved voluntary delisting of equity shares from Metropolitan Stock Exchange of India (MSEI), while shares will continue to be listed and traded on BSE. These approvals require shareholder consent at the upcoming EGM.
If lenders opt to convert their Rs. 16.60 crore of loans into equity, existing shareholders will face dilution but the company's net worth and capital base will improve, reducing debt pressure. The voluntary delisting from MSEI has no practical impact on shareholders since shares will continue trading on BSE, which has nationwide terminals.