Board Approval Details
The Board of Directors of Share India Securities Limited approved the Scheme of Amalgamation at its meeting held on November 06, 2026. The meeting commenced at 04:34 p.m. and concluded at 04:53 p.m.
Regulatory Framework
The Scheme is proposed under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013, read with Companies (Compromises, Arrangements and Amalgamations) Rules, 2016, and National Company Law Tribunal Rules, 2016.
Required Approvals
The Scheme is subject to approvals from Stock Exchanges, Securities and Exchange Board of India, National Company Law Tribunal, Registrar, Official Liquidator, and other competent authorities as required under applicable law.
Financial Details of Companies
Ace Alpha Tech Limited (Transferor Company) - Financials in ₹ Lacs:
- As of September 30, 2026 (Unaudited): Paid-up Share Capital: 1,755.82; Reserve & Surplus (excluding OCI): 6,394.17; Net-worth: 8,149.99; Total Income: 2,072.58; Profit after Tax: 1,214.64
- As of March 31, 2026 (Restated): Paid-up Share Capital: 1,755.82; Reserve & Surplus (excluding OCI): 5,179.53; Net-worth: 6,935.35; Total Income: 2,706.11; Profit after Tax: 1,540.88
Share India Securities Limited (Transferee Company) - Financials in ₹ Lacs:
- Consolidated (September 30, 2026, Unaudited): Paid-up Share Capital: 4,376.51; Other Equity: 2,86,198.38; Net-worth: 2,78,890.04; Total Income: 84,994.94; Profit after Tax: 23,488.35
- Consolidated (March 31, 2026, Audited): Paid-up Share Capital: 4,376.51; Other Equity: 2,59,117.29; Net-worth: 2,57,764.33; Total Income: 1,48,884.97; Profit after Tax: 32,444.16
- Standalone (September 30, 2026, Unaudited): Paid-up Share Capital: 4,376.51; Other Equity: 2,39,971.70; Net-worth: 2,33,803.93; Total Income: 66,920.87; Profit after Tax: 17,383.21
- Standalone (March 31, 2026, Audited): Paid-up Share Capital: 4,376.51; Other Equity: 2,19,029.68; Net-worth: 2,18,726.06; Total Income: 1,24,679.52; Profit after Tax: 29,769.04
Related Party Transaction Status
The proposed amalgamation does not constitute a Related Party Transaction as Ace Alpha Tech Limited is not a related party of Share India Securities Limited. However, certain members from the Promoter and Promoter Group of Share India Securities Limited hold equity shares in Ace Alpha Tech Limited.
Business Profiles
Ace Alpha Tech Limited: Primarily engaged in developing, customizing and providing technology-driven solutions for financial markets, particularly automated trading systems and trading solutions for institutional investors, HNIs and retail traders. Activities include development of customized trading software with advanced algorithms, interfaces with OMS and RMS, and trading, dealing and investment in securities on its own account.
Share India Securities Limited: A technology-driven financial services company focused on capital markets and securities trading. Business activities include share and stock broking, commodity derivatives broking, equity and currency derivatives broking, proprietary trading, depository participant services, portfolio management, research and analysis, distribution of mutual funds and other investment products.
Rationale for Amalgamation
1. Integration of complementary business activities in technology-enabled financial market operations
2. Consolidation of technology capabilities with financial services operations
3. Strengthening technology-enabled financial services business
4. Operational integration and efficient utilization of resources
5. Facilitation of business expansion and future growth
6. Optimization of managerial and financial resources
7. Benefits to shareholders of both companies through share exchange and participation in combined entity
8. Benefits to clients, employees and other stakeholders through improved coordination
9. Benefits from unified business platform reducing organizational fragmentation
Share Exchange Ratio
The Transferee Company shall issue and allot 863 fully paid-up equity shares of face value ₹2 each to equity shareholders of Ace Alpha Tech Limited for every 1,000 fully paid-up equity shares of face value ₹10 each held by them.
Fractional entitlements will be aggregated and held by a trust nominated by the Board of Directors of Share India Securities Limited, which shall sell such shares in the market within 90 days from allotment date. The company shall submit a report to the Designated Stock Exchange from its Audit Committee and Independent Directors certifying compensation to eligible shareholders within seven days of compensation.
Shareholding Pattern Change
Post-amalgamation shareholding pattern of Share India Securities Limited:
- Promoter & Promoter Group: From 106,385,244 shares (47.66%) to 109,415,270 shares (45.96%)
- Public: From 116,842,286 shares (52.34%) to 128,669,981 shares (54.04%)
- Non-Promoter Non-Public: Remains 0 shares (0%)
- Total: From 223,227,530 shares to 238,085,251 shares