Share India NCLT Amalgamation Appointed Date Rectification

Key Quantitative Figures

The amalgamation involves a share exchange ratio where Share India Securities Limited will issue 500 equity shares of ₹2 each for every 1 equity share of ₹10 each held in Silverleaf Capital Services.

As of September 4, 2025, Silverleaf's capital structure showed:

• Authorized Share Capital: 50,000 equity shares of ₹10 each
• Issued, Subscribed and Paid-up Capital: 8,804 equity shares of ₹10 each

Share India's capital structure as of September 4, 2025 showed:

• Authorized Share Capital: 25,00,00,000 equity shares of ₹2 each (₹50,00,00,000)
• Issued, Subscribed and Paid-up Capital: 21,88,25,530 equity shares of ₹2 each (₹43,76,51,060)

Dates of Action

• NCLT Order Date: October 12, 2026
• Receipt of Certified Copy by Company: October 27, 2026 at approximately 1:06 PM
• Original Scheme Sanction Date: August 20, 2026
• Board Approval for Appointed Date Change: June 24, 2026
• New Appointed Date: April 1, 2026
• Previous Appointed Date: October 1, 2023

Parties Involved

• Transferor Company: Silverleaf Capital Services Private Limited (CIN: U74110GJ2011PTC152636)
• Transferee Company: Share India Securities Limited (CIN: L67120GJ1994PLC115132)
• Regulatory Authorities: National Company Law Tribunal (Ahmedabad Bench), Regional Director (Ministry of Corporate Affairs), Registrar of Companies (Ahmedabad)
• Stock Exchanges: BSE Limited (Scrip Codes: 540725/977430/977955/978025/978077) and National Stock Exchange of India Limited (Symbol: SHAREINDIA)
• Legal Advisor: Rajeev Goel & Associates

Purpose and Rationale

The rectification application was filed to correct the appointed date in the sanctioned scheme from October 1, 2023, to April 1, 2026, following objections raised by the Regional Director and Official Liquidator regarding the original appointed date.

Financial and Operational Impact

The scheme will become effective upon filing the certified copy of the order with the Registrar of Companies, Ahmedabad. The amalgamation will result in the dissolution of Silverleaf Capital Services without winding up, with all assets and liabilities transferring to Share India Securities Limited.

The share exchange ratio of 500:1 will result in the issuance of new equity shares by Share India Securities to Silverleaf shareholders. All employees of Silverleaf will become employees of Share India Securities on terms not less favorable than their current arrangements.

Capital Structure Impact

The authorized share capital of Silverleaf will be added to Share India's authorized capital. The scheme provides for adjustment of the share exchange ratio in case of any changes in Share India's capital structure before the record date.

Contingent Items

The financial impact of the amalgamation is contingent upon the scheme becoming effective after filing with the Registrar of Companies. The actual number of shares to be issued will depend on the share capital of Silverleaf as of the record date, which will be determined later.