Sharp India Ltd

📈 Sharp India Open Offer: Key Details & Financial Highlights

• Acquirer Smart Services has no prior relationship with Sharp India and is not part of any corporate group

• Promoters hold 95% of shares (M/s. Corporate Legal Consulting Pvt Ltd: 67.50%, Mrs. Shaila Gaikwad: 25.03%, Terentia Consultants Pvt Ltd: 2.47%); public holds 5% (Mr. Virendra Shitole)

• Board includes Sandeep Ashok Deshmukh (27 years finance experience) and Salil Halve (13 years operations experience)

• Revenue grew from ₹19,927.14 Lacs (FY23) to ₹88,420.13 Lacs (9M Dec 2025)

• Profit after tax increased from ₹631.95 Lacs (FY23) to ₹7,605.06 Lacs (9M Dec 2025)

• Net worth rose to ₹18,617.10 Lacs (Dec 2025) from ₹4,180.93 Lacs (FY23)

• Acquirer has no contingent liabilities and is not classified as a willful defaulter

• Target company Sharp India has negative net worth (-₹13,641.43 Lacs as of Dec 2025) and consistent losses with no recent operational revenue

• Offer price set at ₹10 per share, with total maximum consideration of ₹6.49 Crores for 64,86,000 shares

• Financial arrangements include bank guarantee for ₹648.60 Lacs and cash escrow of ₹6,48,600

• Open offer targets public shareholders with no locked-in shares, executed via BSE's acquisition window

• Offer period: June 8, 2026 to June 19, 2026, not conditional on minimum acceptance

• Full acceptance would give Smart Services 100% ownership, potentially reducing public shareholding below 25%

• Acquirer intends to retain listing, continue operations, and may diversify with shareholder approval