Share India Securities Limited Holds Meeting for Early Redemption of Non-Convertible Debentures
Share India Securities Limited has scheduled a meeting of its NCD holders to consider and approve the early redemption of both Series A and Series B Non-Convertible Debentures (NCDs). The proposal, which forms part of the company's periodic review of its debt structure, is intended to align the borrowing arrangement with current operational requirements.The Board of Directors approved the proposal for the early redemption in accordance with the terms outlined in the Debenture Trust Deed dated June 20, 2025, and the Key Information Document (KID) dated June 13, 2025. The company has confirmed that this early redemption is proactive and does not stem from any financial difficulty or inability to service the outstanding debentures.
The meeting of holders for ISIN: INE932X07023 ('Series A NCDs') and INE932X07015 ('Series B NCDs') is set to be held on Tuesday, August 25, 2026, at 4:00 p.m. The meeting will be conducted via Video Conferencing (VC) or other Audio-Visual Means (OAVM).
The proposal concerns the redemption of all 9,990 listed, secured NCDs issued by the company on a private placement basis prior to their scheduled maturity.
Overview of Debenture Holdings and Redemption Details
The Non-Convertible Debentures are detailed as follows:| Feature | Series A NCDs (ISIN: INE932X07023) | Series B NCDs (ISIN: INE932X07015) |
|---|---|---|
| Number of NCDs Issued | 5,000 | 4,990 |
| Outstanding Face Value per NCD | Rs. 50,000/- | Rs. 1,00,000/- |
| Total Aggregate Principal Amount | Rs. 25,00,00,000/- | Rs. 49,90,00,000/- |
| Interest Payment Frequency | Monthly | Quarterly |
The early redemption will encompass the outstanding principal amount of both series along with all accrued interest and other amounts payable, as per the terms specified in the relevant Disclosure Documents.
Voting Period Details
To ensure proper consultation regarding the proposed redemption, the company has established a remote e-voting period for all debenture holders. The key dates for the voting process are as follows:| Metric | Date/Timeframe |
|---|---|
| Cut-off Date for Eligibility to Vote | Tuesday, August 18, 2026 |
| Remote E-voting Commencement Period | Saturday, August 22, 2026, 09:00 AM |
| Remote E-voting Conclusion Period | Monday, August 24, 2026, 05:00 PM |
The notice confirms that the meeting will be conducted through VC/OAVM and details are provided for all debenture holders to access the remote e-voting facility via CDSL or NSDL depository systems.
SHAREINDIA Stock Price Movement
Today, Share India Securities Limited shares edged higher to close at ₹180.7 following an intraday gain of 1.24%. The stock registered a traded volume of 397,983 shares during the trading session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.