Smart Services Launches Open Offer for Sharp India Limited Shares at Rs 10 Per Share

Smart Services Launches Open Offer for Sharp India Limited Shares at Rs 10 Per Share​

M/s. Smart Services Private Limited has initiated an open offer for the equity shares of Sharp India Limited (SIL), aiming to acquire substantial holding and control of the company. The offer is being made in connection with the acquisition of a significant stake previously held by the existing promoter of SIL.

The open offer allows public shareholders to participate and purchase up to 64,86,000 equity shares of Sharp India Limited at a fixed price of Rs 10/- (Rupees Ten Only) per share. This represents 25.00% of the fully paid-up equity and voting share capital of the Target Company as on the date of this Letter of Offer.

The acquisition activity forms part of a larger transaction where M/s. Smart Services Private Limited has already acquired 1,94,58,000 equity shares, representing 75.00% of the fully paid-up and voting share capital of SIL from Sharp Corporation, as detailed in a Share Purchase Agreement dated April 14, 2026.

Offer Details and Rationale​

The Open Offer is being conducted by M/s. Smart Services Private Limited (the Acquirer) for managing control over the Target Company. The prime object of this acquisition is to gain management control of Sharp India Limited.

Key details of the offer are as follows:

• Offer Price: Rs 10/- per equity share.
• Acquirer: M/s. Smart Services Private Limited.
• Target Company: Sharp India Limited (listed on BSE with Scrip Code 523449).
• Maximum Offer Shares: Up to 64,86,000 shares.

The Acquirer stated that the acquisition is intended to utilize the Target Company as a platform for future business opportunities and diversification initiatives. The Acquirer does not have prior direct experience in consumer electronics manufacturing but intends to continue or diversify into similar lines of business while obtaining a ready listing platform.

Transaction Timeline and Process​

The tendering period for the Open Offer has been set with specific dates by the Acquirer. Shares of Sharp India Limited are fully paid-up, with the total issued capital standing at 2,59,44,000 equity shares of Rs 10/- each.


The Acquirer has ensured that the acquisition process meets relevant regulatory requirements under SEBI (SAST) Regulations. The transaction involves a Manager to the Offer and a Registrar to the Offer, with tender submissions processed through the designated Stock Exchange Mechanism provided by BSE Limited.

Financial Status of the Target Company​

Sharp India Limited maintains its listing status on the BSE and has demonstrated various financial metrics over the past three years. As per audited results for the year ended March 31, 2024, the company recorded a loss after tax of Rs 1,574.80 Lakhs. The Shareholding Pattern as reported by the Target Company shows that the Promoter holds 75% and the Public holds 25%.

Stock Price Movement​

Sharp India Ltd shares settled at ₹113.15 on Monday, ticking up 1.00% after the market close. The stock remained locked in a completely flat intraday range throughout trading, with both the high and low registersing identically at ₹113.15.