Share India Securities Limited disclosed the outcomes of its Board Meeting held on September 21, 2026, which commenced at 04:00 p.m. and concluded at 04:53 p.m. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.
Key Decisions:
1. Fundraising through Preferential Issue of Convertible Warrants
- The Board approved a proposal to raise funds up to ₹200 Crore (Rupees Two Hundred Crore) through preferential issue of Convertible Warrants.
- The Finance Committee has been authorized to recommend detailed terms and conditions of the proposed fund raising to the Board for final approval.
- Specific details including names of investors will be determined by the Board in due course.
- Details regarding subscription outcome, issue price, and number of investors will be provided after allotment of securities.
- Conversion details or lapse of tenure will be provided as and when the warrants get converted or lapsed.
2. Incorporation of New Subsidiary and Investment
- The Board approved the incorporation of a new subsidiary under a name to be proposed by the Finance Committee and approved by the Registrar of Companies.
- Approved an investment of up to ₹120 Crore (Rupees One Hundred and Twenty Crore) in the equity shares of the proposed subsidiary.
- The Finance Committee has been authorized to evaluate and finalize the investment amount to be invested in one or more tranches.
- The proposed subsidiary will operate in the Financial Services industry, focusing on wealth management and allied financial services.
- Share India Securities Limited will be the holding company of the proposed subsidiary.
- The subscription will be made in cash consideration.
- The percentage of shareholding and number of shares allotted will be determined by the Finance Committee in due course.
- No specific regulatory approval is required for incorporation beyond statutory filings with the Registrar of Companies. Necessary regulatory approvals/registrations will be obtained prior to commencement of relevant regulated activities.