Share India Securities Limited has informed the Exchange that the Members of the Company at their Extra-ordinary General Meeting of the Company held on Wednesday, December 17, 2025, had approved the issuance of Foreign Currency Convertible Bonds.
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Share India Securities Limited has received shareholder approval at an Extra-ordinary General Meeting held on December 17, 2025, to issue Foreign Currency Convertible Bonds (FCCBs). FCCBs are bonds denominated in a foreign currency that can be converted into equity shares of the company at a pre-agreed price and date. The announcement does not specify the size of the issue, conversion terms, coupon rate, or any anchor investors. The fundraise is likely aimed at raising capital in foreign currency for business expansion or general corporate purposes.
For shareholders, this means potential dilution in the future if bondholders choose to convert their bonds into equity. The move signals the company's intent to raise funds overseas, which could strengthen its capital base but also introduces foreign exchange risk.