Share India Securities Limited has updated the terms of its Non-Convertible Debentures (NCDs) issuance worth INR 50.00 crore. The company's Finance Committee, in its meeting held on December 10, 2025, has revised the structure to include a greenshoe option while maintaining the total issue size.

Updated NCD Issuance Structure

Key Modifications

The Finance Committee has introduced significant changes to the original NCD structure. The total number of NCDs remains at up to 5,000, but now includes a greenshoe option of up to 2,500 NCDs of face value INR 1,00,000 each. The tenure has been extended to up to 24 months from the deemed date of allotment, compared to the earlier 712 days from the date of allotment.

Security Features

The NCDs continue to be secured, rated, listed, taxable, transferable, and redeemable instruments issued on a private placement basis. They remain secured by a first ranking pari passu charge on MTF loan receivables, securities for trade, and present and future current assets (except encumbered cash). The issue is backed by personal guarantees from the company's promoters with security coverage set at a minimum of 1.50 times the outstanding amount.

Regulatory Compliance

This update follows the company's previous disclosures dated July 30, 2025, and October 14, 2025. All other terms of the issue, as mentioned in the October 14, 2025 disclosure, remain unchanged. The Finance Committee meeting commenced at 03:00 p.m. and concluded at 03:35 p.m. on December 10, 2025.

Strategic Implications

The inclusion of a greenshoe option provides Share India Securities with additional flexibility in fund raising based on market demand. This structure allows the company to potentially raise the full INR 50.00 crore while providing investors with enhanced participation opportunities in the debt issuance.

Share India Securities Limited has announced a significant investment in its wholly owned subsidiary, Share India Capital Services Private Limited (SICSPL). The company's Finance Committee has approved an additional investment of ₹27.99 crore, aimed at bolstering SICSPL's financial position and supporting its business expansion plans.

Investment Details

The investment will be made through the subscription of 81,63,265 equity shares at ₹34.30 per share on a rights basis. This price includes a face value of ₹10.00 and a premium of ₹24.30 per share. The transaction is expected to be completed within seven working days from the date of disclosure.

About Share India Capital Services Private Limited

SICSPL, incorporated on January 22, 2016, operates as a Category-1 Merchant Banker registered with SEBI. The company provides services such as merchant banking, valuation, consulting, advisory, and underwriting to a large number of business enterprises.

Financial Performance

SICSPL has shown impressive growth in recent years:

The company's net worth stood at ₹17.96 crore as of March 31, 2025.

Strategic Implications

This investment is part of Share India Securities' long-term strategy to nurture its subsidiaries and drive sustained growth. By infusing additional capital, the parent company aims to enhance SICSPL's financial strength, supporting its ongoing development and operations in the competitive financial services sector.

Related Party Transaction

As SICSPL is a wholly owned subsidiary of Share India Securities, this investment qualifies as a related party transaction under Section 2(76) of the Companies Act, 2013. However, the company has stated that the transaction is being conducted on an arm's length basis and in the ordinary course of business.

This strategic move is expected to contribute to the overall growth of the Share India Securities group, potentially leading to enhanced value for shareholders in the long term.