Sharp India has informed that the Board of Directors of Sharp India at its meeting held today on Tuesday, 14th April, 2026 considered and took note of the following: The execution of Share Purchase Agreement (SPA) dated 14th April 2026 between Sharp Corporation, Japan Promoter and holding Company (Seller) with Smart Services (Purchaser). Pursuant to Regulation 30 and Regulation 30A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, (Listing Regulations) read with Clause 5A of Para A of Part A of Schedule III of the Listing Regulations, Purchaser has agreed to acquire 1,94,58,000 fully paid-up equity shares, held by seller, representing 75.00% of the paid-up equity share capital of the Sharp India at Rs 10.00 per equity shares, amounting to total consideration of Rs 19,45,80,000, subject to other terms and conditions set out in the SPA. By entering the aforesaid SPA, the purchaser has triggered the requirement of making an open offer to the public shareholders of the Company in accordance with the Regulation 3(1) and Regulation 4 of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The requisite details as required under Regulation 30 of the Listing Regulations read with Schedule III thereof and Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January, 2026 for above is enclosed as Annexure I.

The above information is a part of company’s filings submitted to BSE.