Smart Services Private Limited Launches Open Offer for Sharp India Ltd Shares at Rs 10 per Equity Share

Smart Services Private Limited Launches Open Offer for Sharp India Ltd Shares at Rs 10 per Equity Share​

M/s. Smart Services Private Limited has launched a public open offer for the equity shares of Sharp India Limited, setting out terms and conditions for acquiring a substantial stake in the company. The offer is being made pursuant to the execution of a Share Purchase Agreement (SPA) between the Acquirer and the existing promoter of Sharp India Ltd.

The Open Offer provides an opportunity for all public shareholders to participate in the acquisition.

Key Offer Details​

The transaction involves the Acquirer, Smart Services Private Limited, acquiring a significant portion of the shares from the public. The core details of the offer are as follows:


The acquisition is structured in two parts. The Acquirer has already acquired 1,94,58,000 equity shares representing 75.00% of the Target Company from the existing promoter group through the SPA dated April 14, 2026. The subsequent Open Offer allows the Acquirer to acquire up to 25.00% of the public shareholding.

Strategic Intent and Background​

M/s. Smart Services Private Limited intends to achieve substantial acquisition of Equity Shares and voting capital, coupled with effective management control over Sharp India Ltd following the completion of both the SPA and the Open Offer. The primary object is to acquire management control of the Target Company, utilizing it as a platform for future business opportunities and diversification initiatives.

The Acquirer stated that it does not currently have direct experience in the consumer electronics manufacturing business conducted by the Target Company but views the acquisition as a means to expand the company's activities within the same or diversified lines of business while securing a ready listing platform.

Sharp India Ltd has been incorporated since 1985 and its issued, subscribed, and paid-up capital stands at 2,594.40 Lacs, equivalent to 2,59,44,000 equity shares of Rs 10/- each. The company is listed on the BSE Limited.

Financial Arrangements and Assurance​

The total maximum consideration payable by the Acquirer for the Open Offer is set at Rs 6,48,60,000 (Indian Rupees Six Crore Forty-Eight Lakh Sixty Thousand only).

To ensure the fulfillment of financial obligations during the offer period, the Acquirer deposited an amount of Rs 6,48,600 into an escrow account opened with ICICI Bank Limited. Furthermore, ICICI Bank Limited issued a bank guarantee in favour of the Manager to the Offer for an aggregate amount of Rs 6,48,60,000 (100% of the offer consideration).

The Acquirer confirmed that it has adequate resources to meet the financial requirements of the Open Offer and is not borrowing funds from any bank or financial institution for this specific open offering.

Process and Tender Period Guidelines​

The tendering period runs from June 16, 2026, to June 30, 2026. The Letter of Offer will be dispatched to all eligible public shareholders as of the Identified Date (June 02, 2026).

Shareholders who wish to participate in the Open Offer must approach their respective stock broker. Acceptance of the Offer is strictly at the discretion of the shareholder. All shareholders are advised that while tendering, they will not be able to trade or withdraw their tendered shares until the completion of the offer formalities.

The Acquirer, Smart Services Private Limited, has provided extensive details regarding the company's financial health and operational history, offering multiple years of financial statements for inspection as part of the material documents available to shareholders.

Stock Price Movement​

Sharp India Ltd settled at ₹113.15 on Monday, ticking up 1.00% in after-hours trading. This price reflects a locked pattern for the shares, as they failed to move outside of the single-point range of ₹113.15 throughout the day.