Share India Securities Limited has informed the Exchange about copies of newspaper publication in relation to the Notice of hearing of the Joint Second Motion Petition in the matter of Scheme of Amalgamation of Silverleaf Capital Services Private Limited with Share India Securities Limited.
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Share India Securities Limited has informed the exchanges that the National Company Law Tribunal (NCLT), Ahmedabad Bench-I, has scheduled a hearing on 15th May 2026 for sanctioning the Scheme of Amalgamation of Silverleaf Capital Services Private Limited (Transferor Company) with Share India Securities Limited (Transferee Company). The company published newspaper advertisements on 16th April 2026 in Indian Express (All India Edition) and Financial Express (Ahmedabad Edition) pursuant to the NCLT order dated 9th April 2026. This is a mandatory procedural step under Sections 230-232 of the Companies Act, 2013 for court-approved mergers.
The amalgamation is progressing through the legal approval process. If sanctioned by the NCLT, Silverleaf Capital Services will legally merge into Share India Securities, potentially affecting the company's consolidated financials and share capital structure.