Share India Securities Limited to Pay ₹1,00,000 Settlement Amount
Share India Securities Limited announced on March 19, 2026, that it has received a Settlement Order from the Securities and Exchange Board of India (SEBI) under the ‘Settlement Scheme for Association with Certain Algo Platforms, 2025.’ The company is required to pay a settlement amount of ₹1,00,000.The Settlement Order, dated March 17, 2026, relates to the company’s alleged association with certain algo platforms, which SEBI deemed to be in violation of applicable circulars and the provisions of the SEBI (Stock Brokers) Regulations, 1992.
Share India Securities Limited stated that the matter will not have a material impact on the company’s financial position, operations, or other business activities, apart from the payment of the settlement amount. The company affirmed its commitment to upholding compliance standards and addressing the issue.
Below is a summary of the details as outlined in the Settlement Order:
| Particulars | Details |
|---|---|
| Name of the Authority | Securities Exchange Board of India |
| Nature and details of the action(s) taken, initiated or order(s) passed. | Settlement Order passed under the ' Settlement Scheme for Association with Certain Algo Platforms, 2025 ', applicable to 111 stock brokers, including Share India Securities Limited, wherein each of the said brokers is required to pay a settlement amount of ₹1,00,000/- |
| Date of receipt of direction or order, including any ad-interim or interim orders, or any other communication from the authority. | The Settlement Order is dated March 17, 2026. The Order was taken on record based on its publication on SEBI's official website. |
| Details of the violation(s)/contravention(s) committed or alleged to be committed. | The matter pertains to the Company's alleged association with certain algo platforms, as covered under the aforesaid settlement scheme notified by Securities and Exchange Board of India , wherein certain practices were viewed as being in violation of applicable SEBI circulars and the provisions of the SEBI (Stock Brokers) Regulations, 1992. |
| Impact on financial, operation or other activities of the listed entity, quantifiable in monetary terms to the extent possible. | There is no material impact on the financials, operations, or other activities of the Company, except to the extent of the settlement amount. |
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