Share India Securities Limited’s Board of Directors has approved a scheme of amalgamation with Ace Alpha Tech Limited. This strategic move, expected to be implemented under the Companies Act, 2013, aims to integrate complementary business activities and consolidate technology capabilities. The amalgamation is subject to statutory and regulatory approvals from authorities including the National Company Law Tribunal and stock exchanges. Shareholders of Ace Alpha Tech will receive equity shares of Share India Securities based on an approved exchange ratio.
Board Approves Amalgamation Scheme
The Board of Directors of Share India Securities Limited convened today, November 06, 2026, and has officially approved a proposed Scheme of Amalgamation. This scheme involves the amalgamation of Ace Alpha Tech Limited, a listed company, with Share India Securities Limited. The approval follows an earlier disclosure made on October 30, 2026, and is in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Strategic Rationale and Benefits
The amalgamation is driven by several strategic objectives, including the integration of complementary business activities and the consolidation of technology capabilities with financial services operations. Share India Securities, the transferee company, is a technology-driven financial services firm, while Ace Alpha Tech specializes in developing customized trading solutions and technology-driven financial markets. This merger is expected to leverage Ace Alpha Tech’s expertise in software development and algorithmic trading with Share India’s established capital markets presence.
Key benefits anticipated from the proposed Scheme include:
- Strengthening the technology-enabled financial services business.
- Facilitating operational integration and efficient resource utilization.
- Driving business expansion and future growth opportunities.
- Optimizing managerial and financial resources.
- Providing benefits to the shareholders of both companies through improved prospects in the combined entity.
Share Exchange Ratio and Future Steps
Pursuant to the scheme, Share India Securities Limited will issue and allot 863 fully paid-up equity shares of face value INR 2/- each for every 1,000 fully paid-up equity shares of face value INR 10/- each held by the equity shareholders of Ace Alpha Tech Limited. Fractional entitlements will be managed through a trust. The company will file necessary applications under Regulation 37 of the Listing Regulations for further statutory and regulatory approvals.
Financial Snapshot of Entities
As per the unaudited financial statements for the period ended September 30, 2026:
Ace Alpha Tech Limited (Transferor Company):
- Paid up Share Capital: ₹1,755.82 Lacs
- Reserve & Surplus: ₹6,394.17 Lacs
- Net-worth: ₹8,149.99 Lacs
- Total Income: ₹2,072.58 Lacs
- Profit after Tax: ₹1,214.64 Lacs
Share India Securities Limited (Transferee Company) – Consolidated:
- Paid up Share Capital: ₹4,376.51 Lacs
- Other Equity: ₹2,86,198.38 Lacs
- Net-worth: ₹2,78,890.04 Lacs
- Total Income: ₹84,994.94 Lacs
- Profit after Tax: ₹23,488.35 Lacs
The meeting of the Board of Directors commenced at 04:34 p.m. and concluded at 04:53 p.m.
Source: BSE
