This is a regulatory disclosure filed with BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. It details the outcomes of the 295th Board meeting of Sharp India Limited, held on Friday, 5th June 2026, which commenced at 12:30 p.m. and concluded at 2:25 p.m. The meeting was convened pursuant to a change in the management of the company.

Nature of the Event

The disclosure pertains to the mass resignation of the entire board of directors and the chief financial officer, followed by new appointments, triggered by a change in the company's controlling shareholding.

Resignations (Effective 5th June 2026)

All resignations were effective from the conclusion of the 294th Board Meeting held on 5th June 2026. The detailed reasons, as provided in the enclosed resignation letters, are cited as the "change in controlling shareholding of Sharp India Limited" under a Share Purchase Agreement previously disclosed to the stock exchanges on 14th April 2026.

  • Mr. Makarand Date (DIN: 08363458) resigned as Managing Director.
  • Mr. Shoki Tano (DIN: 10865339) resigned as Non-Executive, Non-Independent Director.
  • Mr. Naoki Hatayama (DIN: 08390564) resigned as Non-Executive, Non-Independent Director.
  • Mr. Abhijeet Bhagwat (DIN: 01981922) resigned as Independent Director. His resignation letter, compliant with Clause 7B of Schedule II to SEBI LODR, also cited other professional commitments as a reason.
  • Mr. Nachiket Deo (DIN: 02842185) resigned as Independent Director. His resignation letter, compliant with Clause 7B of Schedule II to SEBI LODR, also cited other professional commitments as a reason.
  • Mrs. Archana Lakhe (DIN: 07079209) resigned as Independent Director, citing preoccupation as the reason.
  • Mr. Jaideep Palsule resigned as Chief Financial Officer (CFO).

All resigning directors and the CFO requested an acknowledgement of their resignation and a copy of the e-form DIR-12 filed with the Registrar of Companies.

New Appointments

The Board, upon the recommendation of the Nomination and Remuneration Committee, approved the following appointments:

  • Mr. Anant Raghute (DIN: 05151874) was appointed as Managing Director for a period of three years, effective 5th June 2026. This appointment is subject to the approval of the shareholders of the company. His term is from 5th June 2026 to 4th June 2029. Mr. Raghute holds a B.E. in Computer Science and has over 26 years of experience, including over 14 years as a director on boards of companies in technology, e-governance, e-commerce, and healthcare. He is an ISTQB-certified professional and a certified Independent Director from the Institute of Directors, India. He is not related to any existing directors and is not debarred from holding the office of director by any SEBI order.
  • Mrs. Padmini Urane was appointed as Chief Financial Officer (CFO) of the company, effective 16th June 2026. Her term is to be decided by mutual consent with the Board. She is a member of the Institute of Cost Accountants of India (Membership No. 38927) and holds a Master of Commerce from Shivaji University, Kolhapur. She has twenty years of experience in accounting, finance, auditing, taxation, and compliance management. She is not related to any existing directors.

Financial Impact

No direct financial impact, quantification of monetary amounts, or effect on capital structure is disclosed in this filing. The event is a governance and management restructuring.