Board Meeting Details
The Board Meeting commenced at 06:30 p.m. and concluded at 07:52 p.m. on Friday, October 30, 2026.
Key Decisions and Approvals
1. Financial Results Approval
The Board approved the un-audited Standalone and Consolidated financial results for the quarter and half year ended September 30, 2026, pursuant to Regulation 33 and 52 of the SEBI Listing Regulations.
The Board also noted/approved the following documents:
- Limited Review Reports on the Un-audited Standalone and Consolidated Financial Results for the quarter and half-year ended September 30, 2026
- Security Cover Certificate issued under Regulation 54 of the Listing Regulations for the quarter and half-year ended September 30, 2026
- Statement indicating the utilization of the issue proceeds of Non-Convertible Debentures for the quarter ended September 30, 2026, pursuant to Regulation 52(7)
- Statement of deviation/variation in use of issue proceeds of Non-Convertible Debentures under Regulation 52(7A)
2. Dividend Declaration
The Board declared a second interim dividend of ₹0.40 (Forty Paisa only) per equity share of face value of ₹2 each for the Financial Year 2026-27.
Record Date: Thursday, November 05, 2026 (set in accordance with Regulation 42)
Payment Date: On or before Friday, November 27, 2026
3. Director Appointment
The Board approved the appointment of Mr. Krishan Singh Barguzar (DIN: 09811904) as an Additional Director designated as a Non-Executive Independent Director of the Company.
Conditions: Subject to receipt of prior approvals from National Stock Exchange of India Limited, BSE Limited, Multi Commodity Exchange of India Limited, Metropolitan Stock Exchange of India Limited, National Commodity and Derivatives Exchange and NSE Clearing Limited ("Exchanges/Clearing Corporation").
Effective Date: From the date of receipt of approval from the aforesaid Exchanges/Clearing Corporation
Background: Mr. Barguzar is a seasoned banking professional with over four decades of experience at State Bank of India, having held several senior leadership positions including Chief General Manager. His expertise includes corporate banking, credit policy, risk management, stressed asset resolution, regulatory compliance, retail and international banking. Post superannuation in June 2024, he has been serving in advisory and governance capacities.
Relationship Disclosure: Mr. Krishan Singh Barguzar is not related to any Director of the Company and is not debarred from holding the office of Director by virtue of any order passed by SEBI or any other statutory or regulatory authority.
4. Fundraising Approval
The Board approved raising funds by way of issue of debt securities including but not limited to Non-Convertible Debentures (NCDs), Commercial Papers (CPs), etc., up to ₹100 Crores on Private Placement Basis.
Authorization: The Finance Committee of the Board of Directors is authorized to finalize the terms of issuance and take all ancillary actions related thereto.
Disclosure Timeline: Detailed disclosure containing final terms of issuance shall be submitted to stock exchanges as and when determined by the Finance Committee, in accordance with applicable laws and regulatory requirements.
5. Amalgamation Approval
The Board approved the proposal for the amalgamation of Ace Alpha Tech Limited ("Amalgamating Company"), a listed company, with Share India Securities Limited ("Amalgamated Company"), also a listed company, as a going concern.
Legal Framework: Pursuant to Sections 230 to 232 and other applicable provisions of the Companies Act, 2013, read with relevant rules and SEBI regulations.
Authorization: The Management is authorized to obtain valuation report, fairness opinion, auditor's certificate and other required reports/documents/approvals. The draft Scheme of Amalgamation will be placed before the Board for consideration at a subsequent meeting.
Conditions: Subject to receipt of all necessary statutory, regulatory approvals including no-objection letter(s) from Stock Exchange(s), no-objection from SEBI, sanction of the Hon'ble National Company Law Tribunal, and other required approvals.
Disclosure Timeline: Detailed disclosure shall be submitted to Stock Exchange(s) as and when the Board approves the Scheme of Amalgamation.