Share India Securities Limited has disclosed receiving a monetary penalty from Multi Commodity Exchange of India Limited (MCX) under the regulatory disclosure requirements. The company informed stock exchanges about this development on March 03, 2026, as part of its compliance obligations under SEBI regulations.

Penalty Details and Amount

The penalty imposed by MCX amounts to Rs. 1,03,752, excluding GST. This monetary penalty was levied in connection with the company's stock broking operations and relates to specific trading ratio violations.

Nature of Violation

The penalty has been imposed due to a higher Order-to-Trade Ratio that occurred during the company's normal stock broking operations. According to the disclosure, this violation arose due to technical and market-related factors rather than deliberate non-compliance.

Impact Assessment

Share India Securities has clarified that the penalty will not have any material impact on the company's financial position or operational activities. The company emphasized that this penalty was levied in the normal and ordinary course of stock broking operations.

Company Response and Compliance

The company has reaffirmed its commitment to maintaining the highest compliance standards. Share India Securities stated that it will take necessary steps to address the issue that led to the penalty imposition. The disclosure was made pursuant to Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, demonstrating the company's adherence to transparency requirements.

Share India Securities Limited's Board of Directors has approved the re-appointment of Mr. Piyush Mahesh Khandelwal as Non-Executive Independent Director for a second term. The decision was made through a resolution by circulation on February 27, 2026, based on recommendations from the company's Nomination and Remuneration Committee.

Re-appointment Details

The board has approved Mr. Khandelwal's re-appointment for a second consecutive term of five years, commencing from March 03, 2026. The appointment remains subject to approval from the company's shareholders, which must be sought within three months from the re-appointment date.

Professional Background

Mr. Khandelwal brings nearly 15 years of experience across diverse sectors including start-ups, family offices, and listed companies. His professional qualifications include being a Chartered Accountant, holding a postgraduate degree from Mumbai University, and achieving CFA Level II certification from the USA in 2017.

Key Areas of Expertise

• Treasury management and investments
• Corporate finance and cross-border transactions
• Taxation and regulatory compliance
• Strategic financial oversight
• Corporate governance

Regulatory Compliance

The company has confirmed that Mr. Khandelwal is not debarred from holding the office of Director by any order from SEBI or other statutory authorities. The disclosure has been made in compliance with Regulations 30 and 51 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Board Independence

Share India Securities has disclosed that Mr. Khandelwal maintains independence as he is not related to any other Director of the company. His analytical depth, strategic insight, and pragmatic approach are expected to strengthen the company's financial oversight, governance framework, and long-term value creation initiatives.