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 Sharpline Broadcast, at its meeting on 26 December 2025, approved a draft notice for an Extra-Ordinary General Meeting (EGM) to be held on 22 January 2026. The key item is the conversion of unsecured inter-corporate loans of Rs. 16.60 crore into equity shares at Rs. 13 per share (face value Rs. 10 + premium Rs. 3). This will result in the issuance of 1,27,69,229 new equity shares to four non-promoter creditor companies — JMD Realtors (13.02% post-issue), MP Infracon (10.41%), Bundella Fincap (9.37%), and Sharp Eye Medicare (10.41%). Mr. Vivek Kumar has been appointed as Scrutinizer for the EGM voting process. Post-issue, promoter holding will dilute from 29.68% to 16.86%, while the four allottees together will hold about 43.21% of the company. The company states the conversion will strengthen its net worth and improve the equity-debt ratio.
Existing shareholders will see significant dilution as nearly 1.28 crore new shares (around 76% increase in share count) are issued to creditors. While the move reduces liabilities and improves the balance sheet, the substantial dilution and entry of new non-promoter shareholders holding a large combined stake are key concerns for existing retail investors.