Share India Securities Limited has approved the appointment and re-appointment of two Non-Executive Independent Directors for a term of five consecutive years through a postal ballot process. The resolutions, passed with a requisite majority, strengthen the company's governance framework with the inclusion of experienced professionals.

The remote e-voting process commenced on April 22, 2026, and concluded on May 21, 2026. The scrutinizer submitted the report confirming the outcome on May 23, 2026. The company affirmed that the appointed and re-appointed directors are not debarred from holding the office of director by virtue of any SEBI order or any other authority.

Appointment Details

The members approved the appointment of Mr. Arun Kumar Jain (DIN: 07563704) and the re-appointment of Mr. Piyush Mahesh Khandelwal (DIN: 06951293). Mr. Jain's appointment is effective from March 05, 2026, while Mr. Khandelwal's re-appointment is effective from March 03, 2026.

Voting Results

The scrutinizer's report confirmed that both resolutions were passed with the requisite majority. The table below summarizes the voting details:

Director Profiles

Mr. Arun Kumar Jain is a distinguished professional with extensive experience in taxation, finance, and corporate governance. He holds M.Sc. and LL.B. degrees and served in the Indian Revenue Service (IRS), including as Chairman of the Central Board of Direct Taxes (CBDT). He currently serves on the boards of GHCL Limited, M R. Technofin Consultants Private Limited, and India Pesticides Limited.

The table below summarizes the key details of the appointments:

Regulatory Compliance

The disclosures were made in compliance with Regulations 30 and 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

National Stock Exchange of India Limited (NSE) has imposed a monetary penalty of ₹2,00,000 on share india securities for non-compliance with regulatory requirements pertaining to the Non Tagging of Unique Identifiers for algorithmic orders. The penalty was levied in the normal course of stock broking operations and does not have a material impact on the financials, operations, or other business activities of the company. The disclosure was submitted to the exchanges under Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.

The invoice imposing the penalty is dated May 19, 2026, but was made available on the NSE portal only on May 22, 2026, at 02:49 p.m. The company stated that due to practical difficulties, the NSE portal was not accessible for downloading the invoice until May 25, 2026. Consequently, the disclosure was filed immediately upon accessibility of the invoice. Share India Securities affirmed its commitment to upholding the highest compliance standards and indicated it would take necessary steps to address the issue.

Penalty Details