Share India Securities Invests ₹5.99 Crore in Subsidiary Share India Cred Capital

2 min read     Updated on 23 Feb 2026, 03:58 PM
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Reviewed by
Ashish TScanX News Team
Overview

Share India Securities Limited's Finance Committee approved an additional investment of ₹5.99 crore in subsidiary Share India Cred Capital Private Limited on February 23, 2026. The investment involves subscribing to 59,93,994 equity shares at ₹10 face value through a rights issue. SIC CPL, incorporated in January 2026, focuses on financial services including debt instruments, trading, and portfolio management. The company will retain 60% ownership while strengthening the subsidiary's capital base for operational expansion.

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Share India Securities Limited has announced a significant capital infusion into its subsidiary, demonstrating the company's commitment to strengthening its group operations and expanding its financial services portfolio.

Investment Details

The Finance Committee of the Board of Directors approved an additional investment of ₹5,99,39,940 in Share India Cred Capital Private Limited (SIC CPL) during its meeting held on February 23, 2026. The investment structure and key parameters are outlined below:

Parameter: Details
Investment Amount: ₹5,99,39,940
Number of Shares: 59,93,994 equity shares
Face Value per Share: ₹10
Subscription Method: Rights basis
Meeting Duration: 3:00 p.m. to 3:30 p.m.

Subsidiary Profile

Share India Cred Capital Private Limited represents a strategic addition to the group's financial services capabilities. The subsidiary was recently incorporated with specific objectives in the capital markets space:

Company Details: Information
Incorporation Date: January 06, 2026
Current Paid-up Capital: ₹1,00,000
Existing Shares: 10,000 equity shares
Industry Focus: Financial Services
Geographic Presence: India

Business Scope and Operations

SIC CPL has been established with comprehensive objectives in the financial services sector. The subsidiary's business model encompasses:

  • Originating, structuring, underwriting, syndicating, and distributing debt, hybrid, and structured credit instruments
  • Operations in both public and private markets, domestically and globally
  • Trading, investment, and portfolio management in fixed income and money market securities
  • Government and securitised securities dealings
  • Equity and equity-linked instruments, including unlisted and pre-IPO securities

Related Party Transaction Details

The investment qualifies as a related party transaction under Section 2(76) of the Companies Act, 2013, given SIC CPL's subsidiary status. Key stakeholder interests include:

  • Mr. Rajesh Gupta: Director of SIC CPL and promoter of Share India Securities
  • Mr. Agam Gupta: Director of SIC CPL and member of the promoter group
  • Ms. Nikki Vijay Vora: Director of SIC CPL and relative of a company director

The transaction is being conducted in the ordinary course of business on an arm's length basis.

Strategic Impact and Timeline

The investment aims to strengthen SIC CPL's capital base and support its operational expansion, aligning with Share India Securities' long-term strategy to enhance subsidiary growth and overall group value. Following completion, the company will maintain its 60% shareholding in SIC CPL, assuming full subscription by other shareholders on a rights basis.

The investment is scheduled for completion within five working days from February 23, 2026, requiring no governmental or regulatory approvals. This cash consideration transaction represents a strategic move to capitalize on opportunities in India's evolving financial services landscape.

Historical Stock Returns for Share India Securities

1 Day5 Days1 Month6 Months1 Year5 Years
-3.50%-8.81%-4.71%-13.62%-37.43%+204.20%
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Share India Securities Discloses MCX Penalty of Rs 1.36 Lakh for Order-to-Trade Ratio Violation

1 min read     Updated on 02 Feb 2026, 07:14 PM
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Reviewed by
Radhika SScanX News Team
Overview

Share India Securities Limited disclosed that MCX imposed a penalty of Rs 1,36,613 (excluding GST) for a higher Order-to-Trade Ratio violation during normal stock broking operations. The company received the penalty communication on February 01, 2026, and has stated that it will take necessary compliance steps while maintaining that the penalty has no material impact on its financial or operational activities.

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Share India Securities Limited has informed stock exchanges about a monetary penalty imposed by Multi Commodity Exchange of India Limited (MCX) as part of its regulatory disclosure obligations. The company made this disclosure on February 02, 2026, pursuant to Regulation 30 of the SEBI Listing Regulations.

Penalty Details

The regulatory action taken by MCX involves specific financial and operational aspects that the company has detailed in its compliance disclosure.

Parameter Details
Penalty Amount Rs 1,36,613 (excluding GST)
Imposing Authority Multi Commodity Exchange of India Limited (MCX)
Communication Date February 01, 2026 at 3:29 p.m.
Disclosure Date February 02, 2026

Nature of Violation

The penalty has been imposed due to a higher Order-to-Trade Ratio that occurred during the company's stock broking operations. According to the disclosure, this violation arose due to technical and market-related factors encountered in the normal and ordinary course of business operations.

Company's Response and Impact Assessment

Share India Securities has emphasized that the penalty was levied during routine stock broking activities and maintains that it does not have any material impact on the company's financial position, operations, or other business activities. The company has committed to upholding the highest compliance standards and will take necessary steps to address the identified issue.

Regulatory Compliance

The disclosure was made in accordance with Schedule III of the SEBI Listing Regulations, demonstrating the company's adherence to transparency requirements. Company Secretary and Compliance Officer Vikas Aggarwal signed the disclosure document, ensuring proper authorization and compliance with regulatory protocols.

Historical Stock Returns for Share India Securities

1 Day5 Days1 Month6 Months1 Year5 Years
-3.50%-8.81%-4.71%-13.62%-37.43%+204.20%
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1 Year Returns:-37.43%