Share India Securities Limited has reached a significant milestone in its proposed merger with Silverleaf Capital Services Private Limited. The company announced that it has received crucial approvals from major stock exchanges, paving the way for the merger process to move forward.

Key Developments

• NSE Approval: Share India Securities has obtained approval from the National Stock Exchange (NSE) for its merger with Silverleaf Capital.
• BSE Response: The company reported no negative feedback from the Bombay Stock Exchange (BSE) regarding the merger.
• Observation Letters: According to the company's LODR filing, Share India Securities received an observation letter with "No Adverse Observations" from BSE Limited and an observation letter with "No Objection" from the National Stock Exchange of India Limited.
• Dates of Approval: The observation letters were dated July 09, 2025, and July 11, 2025, from BSE and NSE respectively.

Next Steps

With these approvals in hand, Share India Securities is now positioned to proceed with the next phases of the merger process. The company stated in its filing that it is eligible to initiate the process of obtaining further statutory and regulatory approvals. These include, but are not limited to:

1. Approval from the Hon'ble National Company Law Tribunal
2. Consent from the respective shareholders and creditors of the companies involved in the scheme
3. Any other approvals mandated under applicable laws and regulations

Background of the Merger

The merger scheme, officially termed as the "Scheme of Amalgamation of Silverleaf Capital Services Private Limited with Share India Securities Limited," is being pursued under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013. The company had previously made announcements related to this merger on March 18, 2024, and August 05, 2024.

Company Information

Share India Securities Limited, with the Corporate Identification Number (CIN) L67120GJ1994PLC115132, is a member of multiple stock exchanges including NSE, BSE, MCX, NCDEX, and MSEI. The company is also a depository participant with CDSL and an AMFI Registered Mutual Fund Distributor. Additionally, Share India Securities is registered with SEBI as a Research Analyst and Portfolio Manager.

The merger with Silverleaf Capital Services Private Limited represents a significant corporate action for Share India Securities, potentially impacting its market position and operational capabilities. Investors and market participants will likely be watching closely as the company progresses through the remaining regulatory steps required to complete the merger.

Share India Securities , a prominent player in the financial services sector, is making waves with its latest venture into the innovative field of drone technology for wealth management. The company has announced its support for a groundbreaking project called Drone Wealthtech, spearheaded by renowned fintech expert Prabhakar Tiwari.

Pioneering Drone Technology in Finance

The Drone Wealthtech project represents a unique intersection of cutting-edge drone technology and the wealth management sector. While specific details of the project remain undisclosed, this initiative suggests a potential revolution in how financial services and wealth management solutions may be delivered in the future.

Leadership by Fintech Expert

Prabhakar Tiwari, a respected name in the fintech industry, is at the helm of this innovative venture. His involvement brings a wealth of experience and expertise to the project, potentially accelerating its development and implementation.

Implications for Share India

This move by Share India Securities demonstrates the company's commitment to staying at the forefront of technological advancements in the financial sector. By supporting the Drone Wealthtech project, Share India Securities is positioning itself as an innovator in the rapidly evolving landscape of financial technology.

Looking Ahead

While the full scope and potential applications of the Drone Wealthtech project are yet to be revealed, this initiative could potentially transform various aspects of wealth management, including client service, data collection, and financial advisory services.

As more details emerge about this innovative project, investors and industry observers will be keenly watching to see how it unfolds and what impact it may have on Share India Securities' market position and the broader fintech landscape.