Share India Securities Ltd confirmed that its promoters and promoter group did not create any new encumbrance on shares during the financial year ended March 31, 2026. The disclosure, submitted to the stock exchanges, ensures transparency regarding the pledging or hypothecation of promoter holdings, a key metric for investor risk assessment.

The filing was made in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011. It stated that the promoters, along with persons acting in concert, have not made any encumbrance, directly or indirectly, over the shares of the company other than those already disclosed through System Driven Disclosures or any other means.

The confirmation was signed by Rajesh Gupta, a Promoter of the company, on April 07, 2026. The communication was addressed to BSE Limited and the National Stock Exchange of India Limited, with the Scrip Code 540725 and Symbol SHAREINDIA respectively.

Promoter and Promoter Group Details

The filing included an annexure listing the details of the promoter and promoter group entities. The list comprises 67 entries, categorizing individuals and entities as either Promoters or members of the Promoter Group.

The list extends to include various other family members, Hindu Undivided Families (HUFs), and private limited companies such as RS Futures LLP, Skyveil Trade Solutions LLP, and Share India Commodity Brokers Private Limited, all classified under the Promoter Group category.

Share India Securities has approved the issuance of Non-Convertible Debentures (NCDs) aggregating up to ₹50 crore on a private placement basis to raise debt funds. The Finance Committee of the Board of Directors sanctioned the issuance of up to 50,000 secured, rated, and senior NCDs, each with a face value of ₹10,000. The debt instruments carry a coupon rate of 10.50% per annum, with interest payable monthly and principal repayment due in a lump sum at maturity.

The NCDs have a tenure of up to 15 months from the deemed date of allotment and are proposed to be listed on the wholesale debt market (WDM) segment of BSE Limited. The issuance is part of a broader proposal approved by the Board to raise funds up to ₹300 crore through debt securities, including NCDs and commercial papers.

Security for the issue includes a pari-passu charge by way of hypothecation over the company's entire current assets and receivables, both present and future. This excludes any already exclusively encumbered cash collateral. The charge must maintain a minimum cover of 1.35 times the outstanding amounts under the issue at any given point in time, supplemented by the personal guarantee of promoters.

In the event of a delay in payment of interest or principal for more than three months from the due date, the company will pay an additional coupon rate of 2% per annum over the base coupon rate. This penalty will apply from the date of default until the default is rectified.

The approval was granted during the Finance Committee meeting held on June 18, 2026. The meeting commenced at 03:30 p.m. and concluded at 03:50 p.m. The disclosure was made in compliance with Regulations 30 and 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Details of the NCD Issue

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE932X01026/1fc98383278045a0.pdf