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 SEBI’s website.
According to Share India Securities Ltd., the matter is not expected to have a material impact on the company's financial position, operations, or other business activities beyond the payment of the settlement amount. The company has committed to upholding compliance standards and addressing the issue.
| 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 ₹100,000/- |
| 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. However, no formal communication has been received by the Company from the Authority. The Order has been 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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