Share India Securities Limited has been levied a monetary penalty of ₹5,09,000 (excluding GST) by the National Stock Exchange of India (NSE). The penalty was imposed in the ordinary course of stockbroking operations and relates to directives from the Member and Core Settlement Guarantee Fund Committee. The company stated that this penalty will not have any material impact on its financials or operations.
NSE Imposes Monetary Penalty
Share India Securities Limited has received a monetary penalty from the National Stock Exchange of India (NSE). The total penalty amount is ₹5,09,000, exclusive of any applicable GST. This action was taken in the ordinary course of the company’s stockbroking operations.
Details of the Penalty
The penalty was imposed by the NSE based on directives issued by the Member and Core Settlement Guarantee Fund Committee (MCSGFC). The invoice imposing this penalty was dated June 17, 2026, and was made available on the NSE portal on June 22, 2026, around 10:21 p.m.
Impact on Company Operations
Share India Securities Limited has confirmed that this penalty will not have any material impact on the company’s financials, operations, or other business activities. The company reaffirmed its commitment to maintaining the highest compliance standards and is taking necessary steps to address the matter.
Source: BSE
