Share India Securities Limited has received a monetary penalty of Rs 1,20,000 from the National Stock Exchange of India Limited for compliance violations related to algorithmic trading operations. The penalty was imposed for non-tagging of unique identifier for algorithmic orders, which the company disclosed under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Penalty Details and Timeline

The company received the penalty invoice on April 28, 2026 at 10:17 a.m., with the formal disclosure made the same day. The penalty amount of Rs 1,20,000 excludes GST and has been levied in the normal and ordinary course of stock broking operations.

Compliance Violation and Impact Assessment

The penalty relates to algorithmic trading compliance requirements where Share India Securities failed to properly tag unique identifiers for algorithmic orders. This violation falls under routine stock broking operational compliance matters rather than any major regulatory breach.

According to the company's assessment, the penalty does not have any material impact on the financials, operations, or other business activities of Share India Securities. The company has emphasized that this penalty arose during normal stock broking operations.

Company Response and Future Compliance

Share India Securities has stated its commitment to upholding the highest compliance standards in its operations. The company has indicated that it will take necessary steps to address the compliance issue that led to this penalty.

The disclosure was made by Company Secretary and Compliance Officer Vikas Aggarwal, ensuring transparency with stakeholders regarding the regulatory action. The company has requested that exchanges take this information on record as part of its regulatory disclosure obligations.

Share India Securities Limited has notified BSE Limited and the National Stock Exchange of India Limited regarding the scheduled hearing for the scheme of amalgamation with Silverleaf Capital Services Private Limited. The National Company Law Tribunal (NCLT), Ahmedabad Bench-I, has fixed the hearing for the joint second motion petition on May 15, 2026. This disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, following the Tribunal's order dated April 9, 2026.

The scheme involves the amalgamation of Silverleaf Capital Services Private Limited (Transferor Company) with Share India Securities Limited (Transferee Company) and their respective shareholders and creditors. The joint petition was presented under Sections 230 and 232 of the Companies Act, 2013, along with the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016, and other applicable company law provisions.

Newspaper Advertisements

In compliance with the Tribunal's order and Sections 230-232 of the Companies Act, 2013, the company published newspaper advertisements on April 16, 2026. The advertisements were issued in the following publications:

The company has confirmed that these advertisements will also be available on its official website at www.shareindia.com . The notice was signed by Vikas Aggarwal, Company Secretary & Compliance Officer of Share India Securities Limited.

Key Details of the Amalgamation Scheme

The hearing is scheduled to consider the sanction of the amalgamation scheme. The company has requested the stock exchanges to take the information on record. The disclosure was made to ensure compliance with regulatory requirements and to keep investors informed about the corporate action.