The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Sharp Corporation, Japan
Awaiting price reaction for this filing.
Sharp Corporation, Japan, the current promoter of Sharp India Ltd, is selling its entire 1,94,58,000 equity shares (75% of the company) to Smart Services Private Limited through a Share Purchase Agreement dated 14th April 2026. The transaction is an off-market transfer and was completed on 2 June 2026. After the sale, Sharp Corporation Japan's holding in Sharp India will fall to zero, meaning a complete change of promoter and control. Sharp India has a total equity share capital of Rs 25.94 crore (2,59,44,000 shares of Rs 10 each). The filing is a regulatory disclosure under SEBI's Takeover Regulations, with the seller (Sharp Corporation) informing the exchange of its exit.
This is a complete change of control for Sharp India Ltd, with the Japanese parent exiting and Smart Services Pvt Ltd becoming the new promoter. Shareholders should expect potential changes in business strategy, management, and direction. With 75% changing hands, the acquirer may also need to make an open offer to public shareholders as per SEBI takeover rules, which could provide an exit opportunity.