Key Dates and Voting Information

  • Cut-off date for voting eligibility: Friday, 3rd July 2026
  • Remote e-voting period: Wednesday, 8th July 2026 at 9:00 AM IST to Friday, 7th August 2026 at 5:00 PM IST
  • E-voting facility provided through MUFG Intime India Pvt. Ltd (formerly Link Intime India Private Limited)
  • Scrutinizers appointed: Mr. Sridhar G. Mudaliar (FCS-6156) and Mrs. Meenakshi R. Deshmukh (FCS-7364) of M/s. SVD & Associates

Resolutions for Shareholder Approval

Item 1: Appointment of Mr. Anant Raghute as Executive Non-Independent Director
  • DIN: 05151874
  • Appointed as Additional Director from 5th June 2026
  • Seeking appointment as Executive Non-Independent Director, not liable to retire by rotation
Item 2: Appointment of Mr. Anant Raghute as Managing Director and Remuneration
  • Tenure: 5th June 2026 to 4th June 2029 (3 years)
  • Annual remuneration package: ₹42,06,692 CTC
  • Monthly breakdown: Basic + DA: ₹1,67,000, HRA: ₹66,800, Performance Allowance: ₹97,150
  • Total gross monthly: ₹3,34,000
  • Liabilities: Gratuity ₹8,029, Leave ₹8,029, Mediclaim ₹500
Item 3: Appointment of Mr. Sandeep Deshmukh as Non-Executive Non-Independent Director
  • DIN: 06775847
  • Appointed as Additional Director from 5th June 2026
  • Liable to retire by rotation
  • Experience: 27 years in office work, Accounting and Finance
Item 4: Appointment of Mr. Salil Halve as Non-Executive Non-Independent Director
  • DIN: 10715453
  • Appointed as Additional Director from 5th June 2026
  • Liable to retire by rotation
  • Educational qualification: Bachelor of Commerce, MBA
  • Experience: 13 years in operational management
Item 5: Appointment of Mr. Yashavant Avatade as Non-Executive Independent Director
  • DIN: 11696640, IDDB Registration: IDDB-DI-202605-093841
  • Tenure: 5th June 2026 to 4th June 2031 (5 years)
  • Not liable to retire by rotation
  • Qualification: Chartered Accountant, Master of Commerce
  • Experience: 26 years in finance, accounts, taxation, audit
Item 6: Appointment of Mr. Sanjeev Mahajan as Non-Executive Independent Director
  • DIN: 02683592, IDDB Registration: IDDB-DI-202012-033218
  • Tenure: 5th June 2026 to 4th June 2031 (5 years)
  • Not liable to retire by rotation
  • Qualification: Company Secretary, LL.B., CAIIB
  • Experience: 35 years in secretarial, finance, corporate law
Item 7: Appointment of Ms. Bhakti Hosalkar as Non-Executive Independent Director
  • DIN: 07445839, IDDB Registration: IDDB-DI-202604-092991
  • Tenure: 5th June 2026 to 4th June 2031 (5 years)
  • Not liable to retire by rotation
  • Qualification: Company Secretary, Master of Commerce
  • Experience: 14 years in corporate governance and compliance
Item 8: Remuneration to Mrs. Padmini Urane as Chief Financial Officer
  • Institute of Cost Accountant India Membership No: 38,927
  • Annual remuneration: ₹35,00,001
  • Monthly gross: ₹2,76,427
  • Components: Conveyance ₹1,600, Education Allowance ₹200, Medical Allowance ₹1,250, Performance Allowance ₹79,879
Item 9: Sitting Fees for Independent Directors
  • Approval for sitting fees to Independent Directors for 5-year term
  • Board Meeting: ₹20,000, Audit Committee: ₹20,000, Nomination Committee: ₹10,000, Stakeholders Committee: ₹7,500
Item 10: Material Related Party Transactions
  • Transactions with Smart Services Private Limited (holding company) and Jayostute Capital Private Limited
  • Period: 30th August 2026 to 31st July 2027
  • Total value: ₹14,000 lakhs (₹140 crore)
  • Breakdown: Loans ₹10,000 lakhs, Expense reimbursements ₹4,000 lakhs
  • Lease of property at arm's length basis
Item 11: Change of Company Name
  • Proposed name change from "Sharp India Limited" to "Smaart Tech Services Limited"
  • Requires alteration of Memorandum and Articles of Association
  • Subject to ROC and regulatory approvals
Item 12: Alteration of Object Clause in Memorandum of Association
  • Expansion of business objects to include:
  • PPP/BOT projects, logistics solutions, data centers, IT/ITES services
  • Pharmaceutical and healthcare services
  • Trading in consumer goods and food products
  • Facility management and security services
  • Deletion of Clause C (Other Objects)
Item 13: Adoption of New Articles of Association
  • Replacement of existing Articles with new set based on Table F of Companies Act, 2013
Item 14: Mortgage/Hypothecation of Assets for Credit Facilities
  • Authorization to create charges on assets for borrowing up to ₹500 crores
  • For company and/or holding company Smart Services Private Limited
  • Guarantee fees of 1% payable to company
Item 15: Sale of Company Assets
  • Proposed sale of entire undertaking at Koregaon Bhima, Pune
  • Land area: 10 Hectares 86.09 Are (1,08,609 square meters)
  • Includes buildings, plant, machinery and all assets
  • Sale proceeds to be used for business activities

Financial Context

  • FY 2024-25: Revenue ₹3.63 lakhs, Net Loss ₹1,928.71 lakhs, EPS (₹7.73)
  • FY 2025-26: Revenue ₹3.81 lakhs, Net Loss ₹2,419.89 lakhs, EPS (₹9.33)
  • No production of LED TVs since April 2015 (except August 2015)
  • No production of Air Conditioners since June 2015
  • Foreign holding: 75.45% as of 31st March 2026
  • Sharp Corporation Japan held 75% shares until transfer to Smart Services Private Limited on 2nd June 2026

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