The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Smart Services Pvt Ltd
Awaiting price reaction for this filing.
Smart Services Private Limited has acquired 1,94,58,000 equity shares of Sharp India Limited, representing 75.00% of the company's total share and voting capital, through an off-market Share Purchase Agreement dated 02/06/2026. Sharp India's total equity share capital stands at 2,59,44,000 shares of face value Rs.10 each. This acquisition triggers a mandatory open offer under Regulation 3 & 4 of SEBI (SAST) Regulations, for which a public announcement was already made on 14.04.2026. The acquirer is currently classified under the public category but will be treated as the new Promoter of Sharp India upon completion of the open offer process.
This is a change-of-control event for Sharp India Ltd. Existing minority shareholders (~25%) may get an exit opportunity through the mandatory open offer. Post-acquisition, Smart Services will hold 75% and assume promoter status, fundamentally altering the company's ownership structure and management control.