Share India Securities Limited has successfully obtained shareholder approval for raising up to USD 50 million through the issuance of Foreign Currency Convertible Bonds (FCCBs). The company's 1st Extra-Ordinary General Meeting (EGM) for the financial year 2025-26, held on December 17, 2025, saw members approve the proposal by way of a special resolution.

EGM Outcome and Approval Details

The EGM commenced at 4:30 PM and concluded at 4:47 PM on December 17, 2025. The shareholders approved the fundraising proposal through FCCBs for an aggregate amount not exceeding USD 50 million or its equivalent in Indian Rupees or any other currency(ies), to be issued in one or more tranches.

Terms and Conditions Framework

As stated in the resolution and explanatory statement, the terms and conditions of the FCCBs will be determined by the Finance Committee of the Company at the time of issuance. The company has indicated that detailed disclosures required under Regulation 30 of the Listing Regulations will be submitted to stock exchanges in accordance with applicable laws and regulatory requirements when the specific terms are finalized.

Intended Use of Funds

The company plans to utilize the funds raised through FCCBs for various strategic purposes, including:

• Augmenting long-term financial resources
• Enhancing market presence and business scale
• Meeting long-term working capital requirements
• Financing capital expenditure
• Repayment or refinancing of existing loans
• Strategic investments and general corporate purposes

Recent Financial Performance Context

The FCCB approval comes against the backdrop of the company's recent financial performance:

Balance Sheet Strength

Despite recent performance challenges, the company maintains a strong balance sheet position:

Regulatory Compliance and Next Steps

The company has fulfilled its regulatory obligations by intimating the stock exchanges about the EGM outcome under Regulation 30 of the SEBI Listing Regulations. The voting results under Regulation 44 and the Scrutiniser's Report have already been submitted to the stock exchanges within the requisite timelines.

With shareholder approval secured, Share India Securities can now proceed with the FCCB issuance process, with the Finance Committee having the authority to determine the specific terms and conditions at the time of issuance. This fundraising initiative positions the company to strengthen its financial resources and pursue growth opportunities in the competitive financial services sector.

Share India Securities Limited , a prominent player in the financial services sector, has announced the incorporation of a new wholly owned subsidiary, Share India Wealth Multiplier Solutions Private Limited. This strategic move marks a significant expansion in the company's portfolio of services.

Key Details of the New Subsidiary

Corporate Governance and Approval Process

The incorporation of the new subsidiary follows a structured approval process by Share India Securities' Board of Directors. The board had previously approved the incorporation and investment in the subsidiary through subscription to its equity share capital in two separate meetings:

1. October 29, 2024
2. September 3, 2025

This demonstrates the company's commitment to transparent corporate governance and strategic planning.

Regulatory Compliance

Share India Securities Limited has duly informed the stock exchanges about this development, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company's proactive disclosure aligns with regulatory requirements and reinforces its commitment to keeping shareholders and the market informed of significant corporate actions.

Implications for Share India Securities

While the specific operations and objectives of Share India Wealth Multiplier Solutions Private Limited have not been detailed in the announcement, the incorporation of this wholly owned subsidiary suggests that Share India Securities may be looking to expand its service offerings or strengthen its position in the wealth management sector.

As the financial services landscape continues to evolve, this move could potentially position Share India Securities to capitalize on new opportunities in the wealth management and financial solutions space. Shareholders and market observers will likely be keen to see how this new subsidiary contributes to the parent company's growth strategy in the coming years.

Share India Securities Limited continues to demonstrate its commitment to growth and expansion in the financial services sector. As more details emerge about the operations and strategy of Share India Wealth Multiplier Solutions Private Limited, investors and industry watchers may gain a clearer picture of the potential impact on the company's future performance and market position.