Key Quantitative Figures
- Series A NCDs: 5,000 NCDs with current face value of ₹50,000 each (reduced from original ₹1,00,000), aggregating ₹25,00,00,000 (₹25 crore)
- Series B NCDs: 4,990 NCDs with face value ₹1,00,000 each, aggregating ₹49,90,00,000 (₹49.9 crore)
- Total Outstanding: 9,990 NCDs aggregating ₹74,90,00,000 (₹74.9 crore)
- Interest Rates: Series A - 10.70% p.a. (monthly payment); Series B - 10.75% p.a. (quarterly payment)
- Original Tenure: 23 months 19 days for both series
Dates of Action
- Meeting Date: Tuesday, August 25, 2026 at 04:00 p.m.
- Cut-off Date for Voting Eligibility: Tuesday, August 18, 2026
- Remote E-voting Period: Saturday, August 22, 2026 (09:00 AM) to Monday, August 24, 2026 (05:00 PM)
- Board Approval for Early Redemption: May 19, 2026
- Original NCD Allotment Date: June 23, 2025
- Debenture Trust Deed Date: June 20, 2025
- Key Information Document Date: June 13, 2025 (Ref: KID/01/2025-2026)
Parties Involved
- Issuer: Share India Securities Limited
- Debenture Trustee: Axis Trustee Services Limited
- Chairman of Meeting: Mr. Ganesh Tandon (Assistant General Manager of DT) or alternates
- Scrutinizer: Mr. Naveen Kumar, Practicing Company Secretary (M/s. N. Kumar and Associates, COP No. 22084)
- E-voting Service Provider: CDSL
- Depositories: NSDL and CDSL
Purpose and Rationale
The early redemption forms part of the Company's periodic review of its financing arrangements and debt profile to ensure alignment with business requirements and prevailing market conditions. The proposal does not arise from any financial difficulty or inability to service the debentures.
Voting Requirements
- Resolution requires approval by debenture holders collectively holding more than 50% of the value of aggregate outstanding principal amounts
- Voting rights proportional to outstanding principal amounts held as on cut-off date (August 18, 2026)
- Meeting conducted via Video Conferencing/Other Audio-Visual Means without physical attendance
Financial Impact
Early redemption of ₹74.9 crore principal amount plus accrued interest and all other amounts payable. Financial impact quantified in the disclosure.
Capital Structure Impact
Redemption will reduce the company's outstanding debt obligations by ₹74.9 crore principal amount.
Additional Information
- Notice sent electronically to debenture holders registered with depositories
- Public notice to be published in vernacular and English newspapers
- Facility for 1000 debenture holders to join meeting on first-come-first-serve basis
- Debenture holders can register as speakers by August 18, 2026
- None of the Directors/Key Managerial Personnel/their relatives are concerned or interested in the resolution