SHAREINDIANSEShare India Securities LimitedMinimalNeutral
Announced Fri, 17 Apr · 15:00 IST

Share India Securities Limited has informed the Exchange about the copy of the newspaper publication in Gujarati Language in relation to the notice of hearing of the Joint Second Motion Petition in the matter of the Scheme of Amalgamation of Silverleaf Capital Services Private Limited with Share India Securities Limited.

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Price reaction · full curve 14 horizons · vs prior close
-2.3%1-day move
₹147.92
prior close
₹147.66
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.1+0.3+0.3-2.3-0.6+1.6+0.9-1.5-1.9-2.3-5.8-5.2+19.8
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AI summary

Share India Securities Limited has published a newspaper advertisement in Gujarati language (Financial Express, Ahmedabad Edition, dated 17th April, 2026) as per NCLT Ahmedabad Bench-I order dated 09th April, 2026. The advertisement gives notice of the hearing of the Joint Second Motion Petition scheduled for 15th May, 2026. This is part of the statutory process under Sections 230-232 of the Companies Act, 2013 for the Scheme of Amalgamation where Silverleaf Capital Services Private Limited (Transferor Company) merges into Share India Securities Limited (Transferee Company). The company had earlier published a similar notice in English newspaper on 16th April, 2026.

Likely market impact

The hearing date being set for 15th May, 2026 indicates the amalgamation is progressing through the NCLT approval process. This is a standard procedural milestone in a court-supervised merger; no immediate impact on the stock price is expected until final NCLT approval is granted.