Share India Securities plans bond issuance, dividend, new subsidiary

Share India Securities announced that its board of directors approved the issuance of Foreign Currency Convertible Bonds (FCCBs) totaling up to $50 million via private placement. This move aims to raise funds, subject to shareholder and regulatory approvals, with the finance committee authorized to finalize the terms. Additionally, the board declared a second interim dividend of Re. 0.40/- per equity share (face value Rs. 2/-) for the fiscal year 2025-26, with November 6, 2025, set as the record date and payment by November 28, 2025.

The company also approved the incorporation of a new subsidiary, "Share India Greyhill Private Limited," or another approved name, with an investment of up to Rs. 6,00,00,000/- in equity shares. This subsidiary will focus on developing India's technology-driven Fixed Income & Investment Distribution Platform. Furthermore, Mr. Het Jayeshkumar Shah was classified as a senior management personnel, effective October 30, 2025, recognizing his role as vice president - trading operations.