Sharp Investments Approves Acquisition of RLCPL and Plans Significant Authorized Share Capital Increase

Sharp Investments Approves Acquisition of RLCPL and Plans Significant Authorized Share Capital Increase​

Sharp Investments Ltd, following a meeting of its Board of Directors held on July 13, 2026, approved major strategic moves, including the acquisition of Rajal Lefin & Commercial Private Limited (RLCPL) and ratified a substantial increase in the company's authorized share capital. The board also reviewed and received the unaudited standalone financial results for the quarter ending June 30, 2026.

The Board took a final decision on the acquisition of Rajal Lefin & Commercial Private Limited (RLCPL). The company agreed to purchase 45,85,860 equity shares—representing a 100% equity stake—from RLCPL's existing shareholders. The total purchase consideration for the acquisition was set at Rs. 27,51,51,600, with a per share price of Rs. 60/-.

The acquisition will be executed through a share swap mechanism. Sharp Investments Ltd agreed to issue and allot up to 27,51,51,600 fully paid-up equity shares of the company, each having a face value of Re. 1/-, at an allotment price of Re. 1/- per share. Upon completion, RLCPL will become the wholly owned subsidiary of Sharp Investments Limited.

The Board also approved the proposal for preferential offer, issue, and allotment of these equity shares to the shareholders of RLCPL. This action is subject to approval by the company's shareholders at an upcoming General Meeting. Prior approval for this acquisition had been given during a board meeting held on June 26, 2026.

Capital Restructuring and Diligence Reports​

In addition to the merger-related decisions, the Board of Directors considered and approved several structural matters concerning the company's capital structure. The proposal was approved to increase the authorized share capital from Rs. 24,25,00,000/- (divided into 24,25,00,000 Eq. Shares) to Rs. 51,80,00,000/- (to be divided into 51,80,00,000 Eq. Shares). This increase involves an authorization enhancement of Rs. 27,55,00,000/- and is subject to approval by the shareholders in the ensuing Extra Ordinary General Meeting. The board also approved the alteration of Clause-V regarding capital within the Memorandum of Association, pending shareholder approval.

The Board reviewed valuation reports provided by registered valuer Nikita Khetan for both RLCPL and Sharp Investments Ltd to determine the Fair Value of equity shares necessary for the transaction.

Financial Performance Review​

The company's unaudited standalone financial results for the quarter ending June 30, 2026, were reviewed by the Audit Committee. The performance figures, reported in Lakhs, are detailed below:


The company operates in a single business segment: NonBanking Financial Services.

General Meeting Details​

The Board of Directors also approved the Notice of the Annual General Meeting (AGM). The AGM is scheduled to be held on August 7, 2026, at 10:00 A.M. at FORTUNA TOWER in Kolkata. Management personnel were authorized to issue the notice for the Preferential Issue and to conduct the AGM ensuring fairness and transparency.

Stock Price Movement​

Sharp Investments Ltd saw shares settle at ₹0.37 on Monday after closing down 5.13%.The stock moved within an intraday range, charting from a low of ₹0.36 up to a high of ₹0.42.