Share India Securities Limited announced that its Non-Convertible Debenture (NCD) holders have approved the early redemption of 9,990 NCDs. This includes 5,000 Series A NCDs and 4,990 Series B NCDs, along with accrued interest. The approval was granted at an adjourned meeting held on September 1, 2026, allowing the company to redeem these debentures prior to their scheduled maturity dates. The redemption process will adhere to the terms outlined in the issue documents.
Early Redemption of Debentures Approved
Share India Securities Limited has received approval from its debenture holders for the early redemption of a substantial portion of its Non-Convertible Debentures (NCDs). The decision, reached at an adjourned meeting on Tuesday, September 1, 2026, empowers the company to proceed with the early redemption of 5,000 Series A NCDs and 4,990 Series B NCDs. This collectively amounts to 9,990 NCDs being redeemed, along with all accrued interest and other applicable amounts.
Financial Restructuring Move
The early redemption applies to NCDs that were issued and allotted on a private placement basis. This strategic move allows the company to settle these obligations before their originally scheduled maturity. The approval signifies a significant step in the company’s financial management and potential restructuring of its debt instruments. The redemption process will be executed in strict accordance with the terms detailed in the original issue documents governing the Series A and Series B debentures, including the Debenture Trust Deed dated June 20, 2025, and the Key Information Document dated June 13, 2025.
Meeting Details
The Adjourned Meeting commenced at 04:00 p.m. and concluded at 04:56 p.m. on September 1, 2026. The company has duly informed the stock exchanges of this development as per regulatory requirements.
Source: BSE
