Share India Securities Limited has informed the Exchange about raising of funds by way of issue of debt securities including but not limited to Non-Convertible Debentures (NCDs), Commercial Papers (CPs), etc. on Private Placement Basis.
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Share India Securities' board approved raising up to Rs. 300 crore through Non-Convertible Debentures (NCDs) and Commercial Papers (CPs) on a private placement basis, with coupon up to 11% p.a. and tenure up to 3 years, secured against the company's loan receivables. The board also declared a 1st interim dividend of Rs. 0.30 per share (face value Rs. 2), with a record date of August 5, 2025. Additionally, the company approved incorporating a new subsidiary (AnchorFort/Bharat Vantage Wealth) to build a WealthTech platform for mass-affluent investors in Tier 2-4 cities, with a 92.81% stake at a cost of Rs. 10.32 crore. Q1 FY26 unaudited financial results were also approved, and M/s Abhishek Gupta & Associates was appointed as Secretarial Auditor for 5 years.
The Rs. 300 crore debt raise will expand the company's funding capacity for lending and growth, though at a relatively higher cost (up to 11%). The small interim dividend (Rs. 0.30 vs Rs. 2 face value) signals modest shareholder returns, while the new WealthTech subsidiary points to a strategic push into digital wealth management for smaller-city investors, potentially diversifying revenue streams.