Nature of Update

This is a regulatory disclosure regarding the dilution of Share India Securities Limited's shareholding in its subsidiary, Silverleaf Securities Research Private Limited (Silverleaf), following the company's decision not to participate in a rights issue undertaken by the subsidiary.

Key Operational or Strategic Points

  • Silverleaf undertook a Rights Issue of equity shares to meet its capital and business requirements.
  • Share India Securities Limited, an existing shareholder, did not subscribe to this Rights Issue as part of its overall capital allocation and investment strategy.
  • This non-participation resulted in a dilution of the company's shareholding in Silverleaf from 73.09% to 64.81% of its paid-up share capital.
  • The dilution occurred solely due to the non-participation and did not involve any sale, transfer, or disposal of shares by the company.
  • There is no change in control of Silverleaf, which continues to remain a subsidiary of Share India Securities Limited.
  • The allotment of shares pursuant to the Rights Issue was made on September 15, 2026.
  • The intimation regarding the allotment and the post-Rights Issue shareholding was received by the company from Silverleaf on September 15, 2026, at 04:22 p.m.

Details of the Target Entity (Silverleaf)

  • Name: Silverleaf Securities Research Private Limited
  • Paid-up Share Capital: ₹12,50,00,000, consisting of 1,25,00,000 equity shares with a face value of ₹10 each.
  • Net Worth (as on March 31, 2026): ₹1,18,46,765.55
  • Turnover (FY 2025-26): Nil. The company was focused on establishing its business operations, and revenue-generating activities had yet to commence during the year.
  • Industry: Financial Services Industry
  • Line of Business: Stock Broking and Proprietary Trading activities.
  • Date of Incorporation: July 03, 2024
  • Geographic Presence: India
  • Turnover History:
  • FY 2025-26: Nil
  • FY 2024-25: Nil
  • FY 2023-24: Not Applicable (Company was incorporated on July 03, 2024)

Material Financial Impact

  • The event is a non-cash transaction for Share India Securities Limited, as it did not invest any consideration in the Rights Issue.
  • The primary financial impact is a reduction in the company's proportional ownership of Silverleaf's equity from 73.09% to 64.81%.
  • The disclosure states there is no change in control, implying Silverleaf's financials will continue to be consolidated.