Corrigendum Issued for Sharp India Open Offer as Smart Services Acquires Shares
A corrigendum regarding the Detailed Public Statement (DPS) was issued by Navigant Corporate Advisors Limited, acting on behalf of Smart Services Private Limited, concerning its open offer for acquiring equity shares of Sharp India Ltd. The offering seeks to acquire up to 64,86,000 equity shares of Rs. 10/- each, representing 25.00% of the fully paid-up and voting share capital of Sharp India Ltd.The corrigendum details updates related to the offer for the stakeholders of Sharp India Ltd., which was first published in Financial Express (English), Jansatta (Hindi), Navshakti (Marathi, Mumbai edition), and Loksatta (Marathi, Pune edition) on April 21, 2026.
A key update specified in the corrigendum is the acquisition status by Smart Services Private Limited. The company has acquired 1,94,58,000 Equity Shares as of June 02, 2026, through a Share Purchase Agreement dated April 14, 2026.
The original and revised schedule of activities for the open offer have been provided to shareholders, reflecting several changes in key dates. These updates pertain to various milestones from the initial public announcement to the final payment of consideration.
Open Offer Schedule Updates
The table below outlines the shifts in the schedule of activities for the acquisition of Sharp India Ltd. equity shares:| Activity | Original Date | Original Day | Revised Date | Revised Day |
|---|---|---|---|---|
| Public Announcement | 14.04.2026 | Tuesday | 14.04.2026 | Tuesday |
| Publication of Detailed Public Statement in newspapers | 21.04.2026 | Tuesday | 21.04.2026 | Tuesday |
| Submission of Detailed Public Statement to BSE, Target Company & SEBI | 21.04.2026 | Tuesday | 21.04.2026 | Tuesday |
| Last date of filing draft letter of offer with SEBI | 28.04.2026 | Tuesday | 28.04.2026 | Tuesday |
| Last date for a Competing offer | 13.05.2026 | Wednesday | 13.05.2026 | Wednesday |
| Receipt of comments from SEBI on draft letter of offer | 20.05.2026 | Wednesday | 29.05.2026 | Friday |
| Identified date | 22.05.2026 | Friday | 02.06.2026 | Tuesday |
| Date by which letter of offer be dispatched to the shareholders | 01.06.2026 | Monday | 09.06.2026 | Tuesday |
| Last date for revising the Offer Price | 04.06.2026 | Thursday | 12.06.2026 | Friday |
| Comments from Committee of Independent Directors of Target Company | 04.06.2026 | Thursday | 12.06.2026 | Friday |
| Advertisement of Schedule of activities for open offer, status of statutory and other approvals in newspapers and sending to SEBI, Stock Exchange and Target Company | 05.06.2026 | Friday | 15.06.2026 | Monday |
| Date of Opening of the Offer | 08.06.2026 | Monday | 16.06.2026 | Tuesday |
| Date of Closure of the Offer | 19.06.2026 | Friday | 30.06.2026 | Tuesday |
| Post Offer Advertisement | 29.06.2026 | Monday | 07.07.2026 | Tuesday |
| Payment of consideration for the acquired shares | 06.07.2026 | Monday | 14.07.2026 | Tuesday |
| Final report from Merchant Banker | 13.07.2026 | Monday | 21.07.2026 | Tuesday |
All other terms and conditions of the open offer remain unchanged, according to the corrigendum issued by Navigant Corporate Advisors Limited on June 03, 2026.
Stock Price Movement
Sharp India Ltd shares closed Monday at ₹113.15, edging higher after a one percent move. The stock remained completely flat throughout the session, trading locked entirely at that price point.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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