Share India Securities Limited approved a preferential issue of convertible warrants up to ₹200 crore and authorized an investment of up to ₹120 crore in a new subsidiary during its board meeting on September 21, 2026.

Capital raising and subsidiary investment

The Board of Directors authorized the Finance Committee to finalize the detailed terms and conditions for the fund-raising exercise. The issuance is structured as a preferential allotment of convertible warrants. The company has not yet disclosed the names of the investors or the specific issue price, stating these details will be provided after the allotment of securities.

Simultaneously, the board approved the incorporation of a new subsidiary within the financial services industry. The proposed entity will focus on providing wealth management and allied financial services. Share India Securities will act as the holding company, subscribing to the share capital of the new subsidiary in cash.

Allocation of funds

Of the total ₹200 crore raised through the warrant issue, up to ₹120 crore is earmarked for equity investment in the proposed subsidiary. The Finance Committee has been empowered to evaluate and finalize the investment amount in one or more tranches. The remaining proceeds from the warrant issue are expected to support broader corporate requirements.

The following table summarises the key details of the capital allocation:

Strategic focus on wealth management

The establishment of a dedicated subsidiary signals a strategic push into the wealth management segment. The allocation of ₹120 crore—representing 60% of the total warrant proceeds—highlights the significance of this vertical in the company’s growth strategy. No specific regulatory approvals are required for the incorporation, though necessary registrations will be obtained prior to commencing regulated activities.

Share India Securities Limited has completed the acquisition of 100% equity share capital in Enshrine Leasing and Infotech Private Limited. The transaction was finalized on September 17, 2026, making Enshrine a wholly owned subsidiary of the company.

The deal involved the purchase of 1,25,463 equity shares with a face value of ₹1 each. The aggregate consideration for the acquisition stood at ₹39.71 crore (₹39,71,50,856). This completion follows the Board of Directors' approval announced on July 24, 2026.

Transaction Details

Regulatory Disclosure

The company made this intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure aligns with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The acquisition was officially recorded at approximately 1:00 pm on the completion date.