Share India Securities Ltd. to Pay ₹100,000 Settlement Amount
Share India Securities Ltd. announced on March 19, 2026, that it has been subject to a Settlement Order from the Securities and Exchange Board of India (SEBI). The order, issued under the 'Settlement Scheme for Association with Certain Algo Platforms, 2025', requires the company to pay a settlement amount of ₹100,000.The settlement relates to Share India Securities Ltd.’s alleged association with certain algo platforms and potential violations of SEBI circulars and the SEBI (Stock Brokers) Regulations, 1992. The Settlement Order is dated March 17, 2026, although the company states that no formal communication had been received and the order was noted based on publication on...