Share India Securities Limited has informed the Exchange that the Company has filed a joint petition with the Hon'ble National Company Law Tribunal, Ahmedabad Bench, with respect to Scheme of Amalgamation of Silverleaf Capital Services Private Limited with Share India Securities Limited.
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Share India Securities Limited has filed a joint petition with the NCLT Ahmedabad Bench on September 27, 2025, seeking approval for the Scheme of Amalgamation of Silverleaf Capital Services Private Limited (a private company) into Share India Securities Limited. The company had earlier intimated the exchanges about this scheme on July 12, 2025. The draft scheme, along with supporting documents, has been submitted to the stock exchanges and has received 'No Adverse Observations' / 'No Objection' from the exchanges and SEBI. The scheme documents are now available on the company's website for shareholders to review.
This is a routine procedural step in the merger process and is largely neutral for the stock in the short term. If the NCLT approves the scheme, Silverleaf Capital Services will be absorbed into Share India, potentially consolidating operations, but no swap ratio, valuation, or financial impact has been disclosed yet.