Share India Securities Limited has submitted the Exchange a copy of voting results along with the Scrutinizer reports of the NCLT convened meetings of the Equity Shareholders, Non-Convertible Debenture Holders, Secured Creditors and Unsecured Creditors of the Company.
SHAREINDIA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Share India Securities Limited held four NCLT-convened meetings on March 13, 2026 (via video conferencing) to seek approval for the proposed amalgamation of Silverleaf Capital Services Private Limited into Share India Securities Limited, under Sections 230 & 232 of the Companies Act, 2013. Equity shareholders approved the scheme with overwhelming 99.83% votes in favour (13.80 crore shares), with only 0.17% against — the dissent came mainly from a few mutual funds like Groww, Motilal Oswal and Bandhan. Non-Convertible Debenture holders approved it unanimously (7,814 votes, 100%), Secured Creditors (including ICICI Bank, HDFC Bank, Axis Bank, IDFC First Bank) approved unanimously representing ₹2,119.95 crore (100%), and Unsecured Creditors representing ₹15.55 crore approved unanimously (100%). The scrutinizer, Mr. Mahendra Kumar P Parmar, Advocate, confirmed all resolutions were passed with the requisite majority.
This is a positive procedural milestone for the merger — near-total approval across all stakeholder groups (shareholders, NCD holders, secured and unsecured creditors) strongly signals that the NCLT is likely to grant final sanction to the amalgamation in due course. Shareholders can view this as the deal clearing a key regulatory hurdle, though the merger is not yet effective until NCLT issues its final order.