Share India Securities Limited Faces Penalty from NSE Clearing Limited
Share India Securities Limited announced today that it has been levied a monetary penalty of Rs. 1,18,000 by NSE Clearing Limited (NCL). The penalty, which includes Rs. 18,000 in IGST, was imposed on Friday, March 27, 2026, and reflected on the portal on March 30, 2026, at approximately 12:20 p.m.According to NCL, the penalty stemmed from an inadvertent increase in open positions or the creation of new positions in the underlying security of 'SAIL' on March 27, 2026, as part of normal stock broking operations.
Share India Securities Limited stated that the penalty is not expected to have a material impact on the company's financials, operations, or other business activities. The company affirmed its commitment to upholding compliance standards and addressing the issue.
Details of the Penalty
| Particulars | Details of Penalty |
|---|---|
| Name of the Authority | NSE Clearing Limited ('NCL') |
| Nature and details of the action(s) taken, initiated or order(s) passed. | NCL imposed a penalty of Rs. 1,18,000/- (inclusive of IGST of Rs. 18,000/-) |
| Date of receipt of direction or order | The penalty was levied on Friday, March 27, 2026, and reflected on the Portal on March 30, 2026, at approximately 12:20 p.m. |
| Details of the violation(s)/contravention(s) committed or alleged to be committed. | Inadvertent increase in open positions or creation of new position in the underlying security of 'SAIL' on March 27, 2026. |
| Impact on financial, operation or other activities | No material impact |
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