Sharp Investments

Sharp Investments Ltd’s board has given final approval to acquire 100% of Rajal Lefin & Commercial Private Limited for a total purchase consideration of Rs 27.51 crore, payable entirely through a share swap. The company will issue up to 27.51 crore new equity shares of face value Re 1 each at Re 1 per share to the existing shareholders of the target, making Rajal Lefin a wholly owned subsidiary. The board also approved an increase in the authorised share capital from Rs 24.25 crore to Rs 51.80 crore to accommodate the issuance. The preferential allottees include Wonderland Paper Suppliers, Burnpur Power, and several other corporate entities, with Burnpur Power set to receive the largest block of 8.43 crore shares. The board meeting also approved the unaudited financial results for the June 2026 quarter, which showed a modest profit of Rs 7.52 lakh on total revenues of Rs 12.41 lakh.

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Sharp Investments Limited will hold a board meeting on July 13, 2026, to finalise the acquisition of Rajal Lefin & Commercial Private Limited and approve the issue of equity shares on a preferential basis. The board will decide the number of shares, price, and terms for the acquisition, with consideration to be settled through a share swap to the sellers of Rajal Lefin. At the same meeting, directors will also consider a proposal to raise funds through an additional preferential allotment, increase the authorised share capital, and appoint a new statutory auditor after the resignation of the current auditor. The board will further review and approve the unaudited financial results for the quarter ended June 30, 2026.

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July 6 (Reuters) - Sharp Investments Ltd SINV.BO:

• TO DISCUSS AND APPROVE FUND RAISING VIA PREFERENTIAL ISSUE OF EQUITY SHARES

Source text: ID:nBSErNnMH

Further company coverage: SINV.BO

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Buddleia Traders Private Limited, a promoter-group entity in Sharp Investments Ltd, sold 49.07 lakh shares—equivalent to 2.03% of the company's total equity—through open-market transactions on June 1, 2026. The sale lowered Buddleia's stake from 5.84% to 3.81% of the outstanding capital. The disposal came to roughly ₹2 crore at prevailing prices, a substantial sum relative to the company's ₹10-crore market capitalisation. No reason for the sale was disclosed in the regulatory filing.

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June 3 (Reuters) - Sharp Investments Ltd SINV.BO:

• SHARP INVESTMENTS - RADHA KANT TIWARI RESIGNS AS CHIEF FINANCIAL OFFICER

Source text: ID:nBSE12K7Hr

Further company coverage: SINV.BO

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