Share India Securities Limited , a prominent player in the Indian stock broking industry, has been penalized by NSE Clearing Limited (NCL) for a position violation related to Sammaan Capital Limited. The company disclosed this information in a regulatory filing to the stock exchanges on October 28, 2025.

Penalty Details

NSE Clearing Limited imposed a monetary penalty on Share India Securities for violating the circular NSCC/F&O/C&S/365 dated August 26, 2004. The details of the penalty are as follows:

Company's Response

Share India Securities has stated that the penalty occurred during normal stock broking operations and does not have any material impact on its financials, operations, or other business activities. The company emphasized its commitment to maintaining high compliance standards and addressing the issue promptly.

Regulatory Compliance

The disclosure was made in accordance with Regulation 30 of the Securities and Exchange Board of India (SEBI) Listing Obligations & Disclosure Requirements Regulations, 2015. Share India Securities assured stakeholders that necessary steps would be taken to address the violation and prevent similar occurrences in the future.

About Share India Securities

Share India Securities Limited (CIN: L67120GJ1994PLC115132) is a member of major stock exchanges including NSE, BSE, MCX, NCDEX, and MSEI. The company also serves as a depository participant with CDSL, an AMFI registered mutual fund distributor, and a SEBI registered research analyst and portfolio manager.

This incident serves as a reminder of the strict regulatory environment in which stock broking firms operate and the importance of adhering to compliance norms in the dynamic Indian financial markets.

Share India Securities Limited has announced a crucial board meeting scheduled for October 30, 2025, to address several significant matters, including financial results and potential fund-raising initiatives.

Key Agenda Items

The board meeting will focus on three main areas:

1. Financial Results Review
2. Fund Raising Consideration
3. Interim Dividend Declaration

Financial Results

The board will consider and approve the unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2025. This review will provide investors with insights into the company's performance during the second quarter of the fiscal year 2025-2026.

Fund Raising Initiative

The board will deliberate on raising funds through the issuance of foreign currency convertible bonds (FCCBs). This decision could potentially strengthen the company's financial position and have implications for its capital structure and international market presence.

Dividend Declaration

The board will consider declaring a second interim dividend for the financial year 2025-2026. To facilitate this process, the company has set November 6, 2025, as the record date for determining shareholder eligibility for the interim dividend payment, if declared.

Important Dates

This announcement comes as part of Share India Securities' compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The outcomes of this board meeting, particularly regarding financial performance and dividend declaration, will be of keen interest to shareholders and market watchers alike.

Investors and stakeholders are advised to await the official announcement following the board meeting for detailed information on the financial results, any decision on fund raising through FCCBs, and the potential interim dividend.