Sharp Investments Limited issued a corrigendum to its Notice convening the 49th Annual General Meeting (AGM) scheduled for Friday, 7th August, 2026 at 10:00 A.M. at Fortuna Tower, 23A, N.S. Road, Room No. 12, 7th Floor, Kolkata - 700001.

The corrigendum addresses inadvertent typographical errors in the Explanatory Statement annexed to the AGM Notice, specifically under Point No. 4, 6 & 9 relating to Resolution No. 9 concerning the Pre-Issue and Post-Issue Shareholding Pattern of Certain Proposed Allottees for a preferential issue.

Key Corrections:

A. Correction in Point No. 4 - Shareholding Pattern Before and After Preferential Issue

The original shareholding pattern was based on the quarter ended 31st March, 2026 but has been replaced with the latest pattern for the quarter ended 30th June, 2026 to comply with SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.

Revised Shareholding Pattern:

  • Pre-issue total shares: 24,20,97,500
  • Post-issue total shares: 51,72,49,100 (indicating significant dilution)
  • Promoters' holding decreases from 19.38% (4,69,11,270 shares) to 9.07% (4,69,11,270 shares)
  • Non-Promoters' holding increases from 80.62% (19,51,86,230 shares) to 90.93% (45,52,02,970 shares)
  • Body Corporate non-promoter holding shows substantial increase from 2.39% (57,94,442 shares) to 54.32% (28,09,46,042 shares)

B. Correction in Point No. 6 - Pre-Issue and Post-Issue Shareholding Pattern of Certain Proposed Allottees

Incorrect figures for equity shares proposed to be allotted against Serial Nos. 1, 2 and 6 have been corrected in the table of proposed allottees:

| No | Proposed Allottee | Shares Proposed to be Allotted |

| 1 | Wonderland Paper Suppliers Private Limited | 6,21,70,560 |

| 2 | Pears Mercantiles Private Limited | 2,81,71,680 |

| 3 | Multifold Plastic Marketing Private Limited | 4,10,03,880 |

| 4 | Shreyans Embroidery Machine Private Limited | 2,35,05,480 |

| 5 | Kwality Credit & Leasing Limited | 1,20,00,000 |

| 6 | Shree Nidhi Trading Co Limited | 2,40,00,000 |

| 7 | Burnpur power Private Limited | 8,43,00,000 |

| TOTAL | | 27,51,51,600 |

All allottees are classified as Non-Promoters both pre and post-issue.

C. Correction in Point No. 9 - Pricing Certificate and Valuation

The web link for accessing the Pricing Certificate from the IBBI Registered Valuer has been corrected to: https://www.sharpinvestmentsltd.com/notice.html

Valuation details provided:

  • SEBI ICDR Regulation 164 calculations:
  • 90-day Volume Weighted Average Price: ₹0.39
  • 10-day Volume Weighted Average Price: ₹0.36
  • Higher of the two: ₹0.39
  • Valuation approaches:
  • Asset Approach: ₹0.21 per share (assigned 0% weightage)
  • Market Approach: ₹0.27 per share (assigned 100% weightage)
  • Income Approach: ₹0.001 per share (assigned 0% weightage)
  • Weighted Average Value per share: ₹0.21

The company stated that the Asset Approach and Income Approach values do not appropriately reflect fair value and future earning potential, hence no weightage was assigned to them.

The issue price has been set at Re. 1/- per equity share (face value) as the company cannot issue shares at a discount per Companies Act provisions.

Impact

This corrigendum provides corrected shareholding patterns and allocation details for the proposed preferential issue of 27,51,51,600 equity shares at Re. 1/- per share. The post-issue share capital will increase from 24,20,97,500 to 51,72,49,100 shares, representing significant dilution of existing shareholders.