Share India Securities has announced its Board Meeting outcomes, including the approval of its un-audited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026. The company also declared a second interim dividend of ₹0.40 per equity share, with November 5, 2026, set as the record date. Furthermore, the Board approved a significant proposal for the amalgamation of Ace Alpha Tech Limited with Share India Securities Limited.
Financial Results and Dividend Declaration
Share India Securities Limited’s Board of Directors convened on Friday, October 30, 2026, and approved the company’s un-audited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026. Accompanying these results were the Limited Review Reports and security cover certificates. The Board also reviewed statements on the utilization of proceeds from Non-Convertible Debentures. In a move beneficial to shareholders, a second interim dividend of ₹0.40 per equity share (face value ₹2) was declared for the Financial Year 2026-27. The record date for this dividend has been fixed for Thursday, November 05, 2026, with payments scheduled by Friday, November 27, 2026.
Key Appointments and Strategic Initiatives
The Board also approved the appointment of Mr. Krishan Singh Barguzar as an Additional Director, designated as a Non-Executive Independent Director, subject to necessary regulatory approvals. Mr. Barguzar brings over four decades of experience in the banking sector, having held senior leadership positions at the State Bank of India. His expertise spans corporate banking, credit policy, risk management, and stressed asset resolution. The company confirmed that Mr. Barguzar is not debarred from holding such an office by any regulatory authority and is not related to any existing Director.
Amalgamation Proposal and Fundraising
In a significant strategic move, the Board approved the proposal for the amalgamation of Ace Alpha Tech Limited, an listed company, with Share India Securities Limited, also a listed company. This amalgamation will proceed under the provisions of the Companies Act, 2013, and other applicable laws, subject to all necessary statutory and regulatory approvals, including from stock exchanges and SEBI. The management has been authorized to obtain required reports and approvals to facilitate this process.
Additionally, the Board approved the raising of funds up to ₹100 Crores through the issuance of debt securities, such as Non-Convertible Debentures and Commercial Papers, on a private placement basis. The Finance Committee has been authorized to finalize the terms and take necessary actions for this fundraising initiative.
Meeting Details
The Board Meeting commenced at 06:30 p.m. and concluded at 07:52 p.m.
Source: BSE
