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.

Share India Securities Limited , a prominent player in the Indian financial markets, has announced significant changes to its board composition and revealed details about its upcoming Annual General Meeting (AGM). The company's Board of Directors made these decisions during a meeting held on September 4, 2025.

Board Reshuffling

Reappointment of Mr. Suresh Kumar Arora

The Board has recommended the re-appointment of Mr. Suresh Kumar Arora as a Whole-time Director for an additional five-year term. Mr. Arora, whose current term is set to expire, has been proposed for reappointment from June 1, 2026, to May 30, 2031, subject to shareholder approval at the upcoming AGM.

Mr. Arora, a commerce graduate from Kurukshetra University, brings 31 years of experience in Indian and global financial markets to the table. His expertise spans:

• Market making
• Team development
• Strategic partnership management within the Share India Group

The company views his diverse experience and leadership skills as crucial in shaping its strategic direction.

Continuation of Dr. Gopalapillai Prasanna Kumar

The Board has recommended the continuation of Dr. Gopalapillai Prasanna Kumar as a Non-Executive Non-Independent Director, even after he reaches the age of 75. Dr. Kumar, a retired IAS officer with over 38 years of civil service experience, will continue his role until the end of his current term on February 4, 2028, pending shareholder approval.

Dr. Kumar's impressive career includes:

• Serving as Additional Chief Secretary to the Government of Haryana
• Executive Director (Vigilance) at Kochi Refineries Ltd.
• Director General of the Anti Adulteration Cell in the Ministry of Petroleum & Natural Gas
• Joint Secretary in the Social Justice & Empowerment Department for the Central Government

Annual General Meeting and Dividend

Share India Securities has scheduled its 31st Annual General Meeting for September 29, 2025, at 4:30 p.m. The meeting will be conducted through video conferencing or other audio-visual means, in compliance with applicable regulatory provisions.

The company has set September 10, 2025, as the record date for determining shareholder eligibility for the final dividend payment for the financial year 2024-25. This dividend payout is subject to approval by the members at the upcoming AGM.

These board decisions reflect Share India Securities' commitment to maintaining strong leadership and ensuring transparent communication with its shareholders. The proposed reappointments and continuation of experienced directors signal the company's focus on leveraging seasoned expertise to drive its future growth and strategic initiatives in the dynamic financial services sector.