The Exchange has received the disclosure under Regulation 18(6) 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 shares (75.00%) of Sharp India Limited through an off-market purchase under a Share Purchase Agreement dated 11 April 2026. Before the acquisition, Smart Services held Nil shares in Sharp India, and post-acquisition it holds 75% of the total share capital/voting rights at Rs. 10 per share. The filing is a post-acquisition disclosure under the SEBI Takeover Regulations, with reference to a Public Announcement made on 11.04.2026 and a Detailed Public Statement on 21.04.2026. Smart Services, formerly known as Brill India Pvt Ltd, is now the controlling shareholder of Sharp India.
This represents a change of control at Sharp India, with Smart Services becoming the 75% promoter. Existing minority shareholders are likely to be impacted by an open offer triggered under SEBI takeover rules, giving them an exit opportunity at a regulated price.