Share India Securities Limited has received approval from the National Company Law Tribunal (NCLT), Ahmedabad Bench, for the Scheme of Amalgamation with Silverleaf Capital Services Private Limited. This landmark decision, pronounced on August 20, 2026, will merge Silverleaf Capital Services into Share India Securities, creating a consolidated entity with enhanced resources and market presence. The effective date of the amalgamation is set for October 1, 2023.
Share India Securities Amalgamation Approved by NCLT
Share India Securities Limited announced today that the Hon’ble National Company Law Tribunal (NCLT), Ahmedabad Bench, has officially approved the Scheme of Amalgamation between Silverleaf Capital Services Private Limited and Share India Securities Limited. The order was passed on August 20, 2026, marking a significant step in the consolidation of operations and resources for both entities.
Scheme Details and Effective Date
The approved Scheme of Amalgamation will see Silverleaf Capital Services Private Limited (the Transferor Company) merge into Share India Securities Limited (the Transferee Company). The Appointed Date for the Scheme has been confirmed as October 1, 2023. This amalgamation aims to create business synergy, pool resources, and establish a single, stronger entity in the financial services sector.
Regulatory Compliance and Future Steps
The NCLT’s order signifies that all requisite statutory compliances have been fulfilled by the Petitioner Companies. The Tribunal has sanctioned the proposed Scheme, finding it to be fair, reasonable, and beneficial to the companies, their shareholders, and creditors. Following the sanction, the Transferor Company will be dissolved without winding up, as per the provisions of the Companies Act, 2013. Share India Securities Limited, as the listed Transferee Company, is mandated to comply with all applicable conditions and requirements stipulated by SEBI and the concerned Stock Exchanges.
Share Exchange Ratio
As part of the amalgamation, Share India Securities Limited will issue 500 Equity Shares of Rs.2 each to the shareholders of the Transferor Company for every 1 Equity Share of Rs.10 each held in Silverleaf Capital Services Pvt. Ltd. This exchange ratio was determined based on a valuation report dated March 18, 2024.
Source: BSE
