Share India Securities’ Board of Directors met on October 30, 2026, approving unaudited financial results and declaring a second interim dividend of ₹0.40 per share. The company also authorized raising funds up to ₹100 crore via debt instruments and approved a strategic amalgamation proposal with Ace Alpha Tech Limited. An additional director, Mr. Krishan Singh Barguzar, was also appointed.
Financial Results and Dividend Declared
Share India Securities Limited announced the outcome of its Board Meeting held on Friday, October 30, 2026. The Board approved the unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026. Alongside the results, they also noted the Limited Review Reports, Security Cover Certificate, and statements regarding the utilization of Non-Convertible Debenture proceeds.
Furthermore, the Board declared a second interim dividend of ₹0.40/- per equity share (face value ₹2/-) for the Financial Year 2026-27. The record date for this dividend has been set as Thursday, November 05, 2026, with the payment to eligible shareholders on or before Friday, November 27, 2026.
Fundraising and Amalgamation Approval
In a significant strategic move, the Board approved the raising of funds up to ₹100 Crores through the issue of debt securities, including Non-Convertible Debentures and Commercial Papers, on a Private Placement Basis. The Finance Committee has been authorized to finalize the issuance terms.
Additionally, the Board approved the proposal for the amalgamation of Ace Alpha Tech Limited with Share India Securities Limited. This amalgamation is planned as a going concern and will proceed under the provisions of the Companies Act, 2013, and other relevant regulations. The management has been authorized to obtain necessary reports and approvals for the proposed scheme.
Board Appointments and Management Changes
The Board also approved the appointment of Mr. Krishan Singh Barguzar as an Additional Director, designated as a Non-Executive Independent Director. This appointment is subject to prior approvals from various stock exchanges and clearing corporations. Mr. Barguzar brings over four decades of experience in the banking sector, with extensive expertise in corporate banking, credit policy, and risk management.
The Board Meeting commenced at 06:30 p.m. and concluded at 07:52 p.m.
Source: BSE
