Share India Securities Limited has confirmed receipt of a Settlement Order from the Securities and Exchange Board of India concerning its association with specific Algo Platforms in 2025. Under the applicable scheme, the Company is required to remit a total settlement amount of ₹1,00,000/-. Share India affirmed that this regulatory matter will have no material impact on its financial position, operations, or overall business activities beyond the settlement cost.
Regulatory Settlement Confirmed
Share India Securities Limited has disclosed that the Securities and Exchange Board of India (SEBI) has passed a Settlement Order applicable to 111 stock brokers, including the Company. This action stems from the recent “Settlement Scheme for Association with Certain Algo Platforms, 2025”.
The primary requirement stipulated by the Order is that Share India Securities Limited must pay a settlement amount totaling ₹1,00,000/-.
Details of Alleged Violation
The matter relates to the Company’s alleged association with certain proprietary algorithm-based trading platforms. These practices were assessed as potentially violating applicable SEBI circulars and the provisions detailed under the SEBI (Stock Brokers) Regulations, 1992.
Although the Settlement Order is officially dated March 17, 2026, the Company noted that it has not yet received formal communication. The information was recorded based on the Order’s subsequent publication on SEBI’s official website.
Impact Assessment
The management has explicitly stated that the conclusion of this matter will result in no material impact on the financials, day-to-day operations, or other business activities of Share India Securities Limited, aside from the direct cost of the settlement amount.
The Company further reassured stakeholders of its commitment to maintaining the highest compliance standards and taking all necessary steps to address such issues moving forward.
Source: BSE
