Share India Securities Limited announced that its Finance Committee has approved the allotment of 1,50,000 secured, rated, listed, redeemable Non-Convertible Debentures (NCDs) with a face value of INR 10,000 each. This issuance aggregates to INR 150 Crores, raised on a private placement basis. Additionally, the committee approved convening a meeting of NCD holders to seek approval for early redemption of outstanding debentures.
Finance Committee Approves Substantial NCD Issuance
Share India Securities Limited has received approval from its Finance Committee for a significant issuance of Non-Convertible Debentures (NCDs). The committee sanctioned the allotment of 1,50,000 secured, rated, listed, taxable, redeemable, and transferable NCDs, each with a face value of INR 10,000. This private placement will raise a total of INR 150 Crores (Indian Rupees One Hundred and Fifty Crores Only).
Meeting to Discuss Early Redemption of NCDs
In a related development, the Finance Committee has also approved the convening of a meeting for holders of NCDs identified by ISINs INE932X07023 (NCD Series A) and INE932X07015 (NCD Series – B). This meeting is scheduled for Tuesday, August 25, 2026, at 04:00 p.m., and will be conducted via Video Conferencing (VC) or Other Audio-Visual Means (OAVM). The primary purpose of this meeting is to seek the Debenture Holders’ approval for the early redemption of these debentures, prior to their scheduled maturity. This proposal aligns with applicable statutory and regulatory provisions and the terms outlined in the Debenture Trust Deed dated June 20, 2025.
Meeting Details
The Finance Committee meeting commenced on July 31, 2026, at 02:00 p.m. and concluded at 02:50 p.m.
Source: BSE
