Share India Securities Limited’s Board of Directors has approved a proposal to raise up to ₹200 crore through a preferential issue of convertible warrants. Additionally, the company plans to incorporate a new subsidiary and invest up to ₹120 crore in its equity. The Finance Committee has been authorized to finalize the terms of both the fund-raising and the investment into the new entity.
Board Approves Fund Raising and Subsidiary Formation
Share India Securities Limited announced on September 21, 2026, that its Board of Directors has sanctioned key strategic initiatives. These include a significant fund-raising exercise and the establishment of a new wholly-owned subsidiary.
Preferential Issue of Convertible Warrants
The Board has approved a proposal to raise capital amounting to up to ₹200 crore. This will be achieved through a preferential issue of convertible warrants. The Finance Committee has been empowered to determine and recommend the detailed terms and conditions for this fund-raising activity to the Board for final approval.
Investment in New Subsidiary
In a parallel move, the company will incorporate a new subsidiary, to be named as proposed by the Finance Committee and approved by the Registrar of Companies. Share India Securities plans to invest up to ₹120 crore in the equity shares of this proposed subsidiary. The Finance Committee will also evaluate and finalize the exact investment amount, which may be disbursed in one or more tranches.
Meeting Details
The Board Meeting commenced at 04:00 p.m. and concluded at 04:53 p.m. on the same day. The detailed disclosures pertaining to these decisions are attached as Annexures.
Source: BSE
