Share India Securities approved the allotment of ₹75 crore worth of non-convertible debentures (NCDs) on a private placement basis. The Finance Committee of the Board of Directors sanctioned the issuance during its meeting held on August 21, 2026.

The company allotted 75,000 listed, rated, secured, taxable, transferable, and redeemable NCDs. Each debenture carries a face value of ₹10,000. The total aggregate value of the issuance stands at ₹75 crore.

Allotment Details

The Finance Committee commenced its meeting at 11:45 am and concluded at 12:20 pm. The approval follows earlier disclosures made by the company on July 24, 2026, and August 12, 2026.

Regulatory Compliance

The disclosure was made in compliance with Regulations 30 and 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Vikas Aggarwal, Company Secretary and Compliance Officer, signed the filing on behalf of the company.

Share India Securities has approved the issuance of non-convertible debentures (NCDs) worth up to ₹75 crore through a private placement. The Finance Committee of the Board of Directors authorized the move during its meeting held on August 12, 2026, following an earlier resolution by the Board dated July 24, 2026.

The issuance forms part of a broader proposal to raise funds up to an aggregate amount of ₹200 crore via debt securities, including commercial papers and other eligible instruments, in one or more tranches. This specific tranche involves the issue of up to 75,000 listed, rated, secured, taxable, transferable, redeemable NCDs, each with a face value of ₹10,000. The offer includes a green shoe option for an additional 25,000 NCDs.

Issue Structure and Terms

The NCDs are structured with a tenure of up to 18 months and 18 days from the deemed date of allotment. Investors will receive a coupon rate of 10.50% per annum, payable monthly. The principal amount will be repaid as a lump sum at maturity.

Security and Default Provisions

The debt instrument is secured by a pari-passu charge via hypothecation over the company’s entire current assets and receivables, including margin trading facility (MTF) receivables, both present and future. This security excludes cash collateral already exclusively encumbered on the signing date. The arrangement mandates a minimum cover of 1.35 times the outstanding amounts under the issue at any given point in time.

Additionally, the issuance is backed by personal guarantees from members of the promoter group and specific directors, as mutually agreed between the company and investors. In the event of a default in payment of interest or principal exceeding three months, the issuer will be liable to pay an additional coupon rate of 2% per annum over the base coupon rate until the default is rectified.

What the Numbers Show

The decision to secure this tranche with a charge on receivables, specifically including MTF receivables, highlights the company’s reliance on its brokerage and trading business collateral as primary security for debt. The inclusion of a green shoe option allows the company to adjust the final raise size based on investor demand without altering the core terms, providing flexibility within the larger ₹200 crore fundraising framework.