Key Event Details

  • The Board of Directors of Ace Alpha Tech Limited approved a Scheme of Amalgamation at its meeting held on Friday, November 06, 2026.
  • The meeting commenced at 04:30 p.m. and concluded at 05:15 p.m.
  • The Scheme involves the amalgamation of Ace Alpha Tech Limited (Transferor Company) with and into Share India Securities Limited (Transferee Company).
  • The Scheme is subject to approvals from members and creditors of the Company, the Hon'ble National Company Law Tribunal (NCLT), and other Appropriate Authorities.
  • Necessary application pursuant to Regulation 37 of the Listing Regulations will be filed with the Stock Exchange within the prescribed timeline.

Financial Details of Entities

Transferor Company (Ace Alpha Tech Limited)

  • As per Un-audited Financial Statements for period ended September 30, 2026:
  • Paid up Share Capital: ₹1,755.82 lakhs
  • Other Equity: ₹6,394.17 lakhs
  • Net-worth: ₹8,149.99 lakhs
  • Total Income: ₹2,072.58 lakhs
  • Profit after Tax: ₹1,214.64 lakhs
  • As per Restated Financial Statements for year ended March 31, 2026:
  • Paid up Share Capital: ₹1,755.82 lakhs
  • Other Equity: ₹5,179.53 lakhs
  • Net-worth: ₹6,935.35 lakhs
  • Total Income: ₹2,706.11 lakhs
  • Profit after Tax: ₹1,540.88 lakhs

Transferee Company (Share India Securities Limited)

Consolidated Financials
  • As per Un-audited Financial Statements for period ended September 30, 2026:
  • Paid up Share Capital: ₹4,376.51 lakhs
  • Other Equity: ₹2,86,198.38 lakhs
  • Net-worth: ₹2,78,890.04 lakhs
  • Total Income: ₹84,994.94 lakhs
  • Profit after Tax: ₹23,488.35 lakhs
  • As per Audited Financial Statements for year ended March 31, 2026:
  • Paid up Share Capital: ₹4,376.51 lakhs
  • Other Equity: ₹2,59,117.29 lakhs
  • Net-worth: ₹2,57,764.33 lakhs
  • Total Income: ₹1,48,884.97 lakhs
  • Profit after Tax: ₹32,444.16 lakhs
Standalone Financials
  • As per Un-audited Financial Statements for period ended September 30, 2026:
  • Paid up Share Capital: ₹4,376.51 lakhs
  • Other Equity: ₹2,39,971.70 lakhs
  • Net-worth: ₹2,33,803.93 lakhs
  • Total Income: ₹66,920.87 lakhs
  • Profit after Tax: ₹17,383.21 lakhs
  • As per Audited Financial Statements for year ended March 31, 2026:
  • Paid up Share Capital: ₹4,376.51 lakhs
  • Other Equity: ₹2,19,029.68 lakhs
  • Net-worth: ₹2,18,726.06 lakhs
  • Total Income: ₹1,24,679.52 lakhs
  • Profit after Tax: ₹29,769.04 lakhs

Share Exchange Ratio

  • Transferee Company will issue 863 new equity shares of face value ₹2 each for every 1000 fully paid-up equity shares of face value ₹10 each held in Transferor Company.
  • Fractional entitlements will be aggregated and held by a trust nominated by the Board of Directors of Transferee Company, who shall sell such shares in the market within 90 days from allotment date.
  • Transferee Company shall submit a report from its Audit Committee and Independent Directors certifying compensation of fractional entitlements within seven days of compensation.

Shareholding Pattern Impact

Post-Scheme shareholding pattern of Transferee Company:

  • Promoter and Promoter Group: 10,94,15,270 shares (45.96%)
  • Public: 12,86,69,981 shares (54.04%)
  • Total: 23,80,85,251 shares (100.00%)

Pre-Scheme shareholding pattern of Transferee Company:

  • Promoter and Promoter Group: 10,63,85,244 shares (47.66%)
  • Public: 11,68,42,286 shares (52.34%)
  • Total: 22,32,27,530 shares (100.00%)

Business Activities

Transferor Company (Ace Alpha Tech Limited)

  • Developing, customizing and providing technology-driven solutions for financial markets
  • Automated trading systems and trading solutions for institutional investors, HNIs and retail traders
  • Development of customized trading software with advanced algorithms
  • Interfaces with order management systems (OMS) and risk management systems (RMS)
  • Trading, dealing and investment in securities and other financial instruments on its own account

Transferee Company (Share India Securities Limited)

  • Technology-driven financial services company with focus on capital markets and securities trading
  • Share and stock broking, commodity derivatives broking, equity and currency derivatives broking
  • Proprietary trading in securities and other financial instruments
  • Depository participant services, portfolio management, research and analysis
  • Distribution of mutual funds and other investment products
  • Technology-driven financial solutions including automated and algorithmic trading systems

Rationale for Amalgamation

  • Integration of complementary businesses
  • Strengthening of technology capabilities
  • Operational integration and efficiencies
  • Business expansion and future growth
  • Benefits to shareholders and other stakeholders through participation in Transferee Company's business

Related Party Transaction Status

The proposed Scheme of Amalgamation does not constitute a Related Party Transaction, as Share India Securities Limited is not a related party of the Company as on the date of entering into the proposed transaction. However, certain members from the Promoter and Promoter Group of the Company hold equity shares in the Transferee Company.