Independent Directors Committee Concludes Open Offer Price Fair and Reasonable for Sharp India Ltd
Sharp India Limited confirmed that its Committee of Independent Directors has reviewed the ongoing Open Offer initiated by Smart Services Private Limited, concluding that the offer price is fair and reasonable.The meeting of the Committee of Independent Directors was held on June 11, 2026, to discuss, analyze, and review the terms of the Open Offer concerning Sharp India Limited.
The Acquirer, Smart Services Private Limited, initiated the Open Offer pursuant to a Public Announcement dated April 14, 2026, a Detailed Public Statement on April 20, 2026 (published on April 21, 2026), and a Letter of Offer dated June 3, 2026.
The Committee thoroughly reviewed all associated documents related to the Open Offer. Based on this review, the Committee concluded that the open offer price established by Smart Services Private Limited is fair and reasonable for the shareholders of Sharp India Limited.
Key details regarding the Open Offer are as follows:
| Metric | Detail |
|---|---|
| Acquirer | Smart Services Private Limited |
| Target Company | Sharp India Limited |
| Maximum Shares to be Acquired | 6,486,000 equity shares |
| Offer Price per Share | Rs. 10/- (fully paid-up Equity Share) |
| Represented Capital | 25.00% of the fully paid up and voting share capital |
Stock Price Movement
Sharp India Ltd shares settled at ₹114.25 on Monday, ticking up 0.97% in after-hours trading. The stock remained completely flat throughout the session, as its intraday high and low were identical.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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