Navigant Corporate Advisors Limited, acting as Manager to the Offer on behalf of Smart Services Private Limited (the Acquirer), has submitted this Pre-Offer Advertisement to BSE Limited in relation to an open offer for acquisition of equity shares in Sharp India Limited (Target Company).

Key Quantitative Figures

  • Offer Size: Up to 64,86,000 equity shares
  • Share Face Value: Rs. 10/- each
  • Offer Price: Rs. 10.00 per fully paid-up equity share
  • Percentage Stake: 25.00% of the fully paid up and voting share capital
  • Prior Acquisition: Acquirer acquired 1,94,58,000 equity shares on June 02, 2026

Dates of Action

  • Public Announcement Date: 14.04.2026 (Tuesday)
  • DPS Publication Date: 21.04.2026 (Tuesday) in Financial Express, Jansatta, Navshakti, and Loksatta
  • Draft LOF Submission to SEBI: 28.04.2026 (Tuesday)
  • SEBI Final Observations Received: 29.05.2026 (Friday) via Letter No. H0/49/12/11(54)2026-CFD-RAC-DCR2/I/12668/2026
  • IDC Recommendation Published: 12.06.2026
  • LOF Dispatch Completion: 08.06.2026
  • Board Appointments Effective: 05.06.2026
  • Revised Offer Opening: 16.06.2026 (Tuesday)
  • Revised Offer Closure: 30.06.2026 (Tuesday)
  • Revised Payment Date: 14.07.2026 (Tuesday)
  • Revised Final Report Date: 21.07.2026 (Tuesday)

Parties Involved

  • Acquirer: Smart Services Private Limited
  • Target Company: Sharp India Limited (CIN: L36759MH1985PLC036759)
  • Manager to Offer: Navigant Corporate Advisors Limited (SEBI Registration No: INM000012243)
  • Contact Person: Mr. Sarthak Vijlani
  • New Directors Appointed:
  • Mr. Anant Raghute (DIN: 05151874) as Additional (Managing) Director
  • Mr. Sandeep Deshmukh (DIN: 06775847) as Additional (Non-Executive, Non-Independent) Director
  • Mr. Salil Halve (DIN: 10715453) as Additional (Non-Executive, Non-Independent) Director
  • Mr. Yashavant Avatade (DIN: 11696640) as Additional (Non-Executive, Independent) Director
  • Mr. Sanieev Mahaian (DIN: 02683592) as Additional (Non-Executive, Independent) Director
  • Ms. Bhakti Hosalkar (DIN: 07445839) as Additional (Non-Executive, Independent) Director

Material Changes Since Public Announcement

1. The Acquirer acquired 1,94,58,000 Equity Shares of the Target Company on June 02, 2026 in accordance with Regulation 22(2) of the SEBI (SAST) Regulations, 2011

2. Appointment of six new directors to the Board of Directors of the Target Company with effect from June 05, 2026

3. Resignation of certain erstwhile directors of the Target Company

4. Revision of the schedule of activities for the open offer

Stated Rationale and Recommendations

The Committee of Independent Directors of the Target Company opined that the Offer Price of Rs. 10.00 offered by the Acquirer is in accordance with the relevant regulations prescribed in the Takeover Code and prima facie appear to be justified.

Competitive Situation

There has been no competitive bid to this Offer.

Statutory Approvals

As on date, no statutory approvals are required in relation to this Offer.

Shareholder Participation Details

Eligible shareholders may participate in the Offer by approaching their respective Broker/Selling Broker and tender Shares in the Open Offer. The Letter of Offer is available on SEBI's website (www.sebi.gov.in) and the Manager to the Offer's website (www.navigantcorp.com). Shareholders can also apply on plain paper.

Identified Date Purpose

The Identified Date (revised to 02.06.2026) is for determining the names of shareholders to whom the Letter of Offer would be sent. All owners of equity shares (except the Acquirer and Seller/Promoter) are eligible to participate.