Share India Securities Limited (SHAREINDIA) — Board Meeting

· NSE 🟡 Notable Neutral
📢 Key Event
Board approved private placement of up to 150,000 NCDs worth INR 150 crores
🔄 What Changed
Added specific NCD terms: 10.50% coupon, 25-month tenure, 25% half-yearly redemption, 1.35x asset cover, and 2% penalty coupon for delays
🔮 What's Next
NCDs to be listed on BSE Wholesale Debt Market segment
💡 Investor Takeaway
This issuance provides capital access but introduces debt obligations with defined repayment schedules and penalties for defaults.

Share India Securities approved up to 150,000 secured NCDs worth INR 150 crores on July 20, 2026, offering 10.50% annual interest with monthly payments and 25% half-yearly principal redemptions over 25 months, featuring a 1.35x asset cover and 2% penalty coupon for delays.

📄 View Original Announcement (PDF)

About Share India Securities Limited (SHAREINDIA)

Financial Services · Capital Markets · Listed on NSE

Market Cap: ₹3,012.05 Cr P/E: 7.1

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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