NSE Clearing imposes Rs 1.18 lakh penalty on Share India Securities
SHAREINDIA · price
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On the reaction day the stock moved 4.0 pts less than Nifty Microcap 250 and 2.8 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.
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NSE Clearing Limited imposed a penalty of Rs 1,18,000, including Rs 18,000 in goods and services tax, on Share India Securities. The invoice was generated on October 27, 2025. The penalty followed an inadvertent increase in existing positions or creation of new positions in Sammaan Capital Limited, breaching a 2004 NSE Clearing circular. The company says it arose in normal broking operations and has no material effect on finances or business.
The small penalty has no stated material financial or operational impact, though it highlights a compliance lapse.