Share India Securities has approved modifications to its Debenture Trust Deed (DTD) dated June 20, 2025, concerning ₹9,990 (Nine Thousand Nine Hundred Ninety Only) secured, rated, listed, transferable, taxable, redeemable, Non-Convertible Debentures. These changes pertain to the utilization of debenture proceeds and future borrowing capabilities and are subject to stakeholder approvals. The decision was made during a Finance Committee meeting held on February 03, 2026.
Debenture Trust Deed Amendments
Share India Securities announced amendments to its Debenture Trust Deed (DTD) during a Finance Committee meeting on February 03, 2026. The amendments affect ₹9,990 (Nine Thousand Nine Hundred Ninety Only) secured, rated, listed, transferable, taxable, redeemable, Non-Convertible Debentures (‘NCD’) bearing ISIN: INE932X07023 (‘NCD under Series A’) and INE932X07015 (‘NCD under Series B’).
Revised Clauses
The changes impact the following clauses:
1. Purpose: The proceeds from the debenture issuance will be used by the Issuer towards working capital.
2. Future Borrowings: Notwithstanding any contrary statement in the Deed, the Company can borrow or raise loans or create encumbrances on Hypothecated Assets, avail financial assistance, issue promissory notes, debentures, or other securities without Debenture Holders’ or Trustee’s consent, provided the Security Cover is maintained, and there is no Event of Default. The company will also continue complying with Schedule VIII (Financial Covenants).
Meeting Conclusion
The Finance Committee meeting commenced at 04:00 p.m. and concluded at 04:54 p.m.
Source: BSE
