Share India Securities Limited has informed the Exchange regarding Proceedings of Court Convened General Meeting of Equity Shareholders, Non-Convertible Debenture Holders, Secured Creditors and Unsecured Creditors of the Company held today, i.e. on Friday, March 13, 2026.
SHAREINDIA · price
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On the reaction day the stock moved 3.4 pts less than Nifty Microcap 250 and 3.1 pts less than its Stockbroking & Allied peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Share India Securities Limited held four NCLT-convened meetings on March 13, 2026, to seek approval for the proposed Scheme of Amalgamation of Silverleaf Capital Services Private Limited with the company. The meetings, directed by the NCLT Ahmedabad Bench-I, were conducted via video conferencing for equity shareholders, NCD holders, secured creditors, and unsecured creditors. Remote e-voting was open from March 9 to March 12, 2026, with on-meeting e-voting also made available. The meetings were presided over by an NCLT-appointed chairperson, with an independent scrutinizer overseeing the process, and no queries were raised by participants in any of the four meetings. Voting results are yet to be declared and will be shared with the stock exchanges, the company, and CDSL once finalized.
This is a procedural step in the NCLT-driven amalgamation process. Approval at these meetings is a key milestone, but the scheme still requires final NCLT sanction and other regulatory clearances before becoming effective, so near-term stock impact is likely limited until voting results and the next steps are disclosed.