Share India Securities Limited has informed the Exchange regarding Change in Auditors of the company.
SHAREINDIA · price
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Share India Securities' board approved unaudited standalone and consolidated financial results for Q1 FY26 (quarter ended June 30, 2025) along with a 1st interim dividend of Rs. 0.30 per equity share on a Rs. 2 face value, with August 5, 2025 set as the record date. The board approved raising up to Rs. 300 crores through Non-Convertible Debentures (NCDs) and Commercial Papers (CPs) on a private placement basis, carrying interest up to 11% per annum for a tenure of up to 3 years, to be listed on BSE's Wholesale Debt Market segment. It also approved incorporating a new subsidiary in the financial services space (tentatively named AnchorFort Wealth or Bharat Vantage Wealth), investing Rs. 10.32 crore for a 92.81% stake, aimed at building a WealthTech platform for Tier 2-4 cities. M/s Abhishek Gupta & Associates was appointed as Secretarial Auditor for 5 years (FY2025-26 to FY2029-30), subject to shareholder approval, and two personnel were classified as Senior Management.
Positive for shareholders — the interim dividend rewards investors, while the Rs. 300 crore debt raise suggests growth funding needs (likely for the wealth subsidiary and lending business). The new WealthTech subsidiary signals expansion into retail mass-affluent segments, which could support long-term revenue diversification.