Share India Securities pulls plug on Project Drone subsidiary

Share India Securities Limited informed stock exchanges of its decision to withdraw the proposal for incorporating a subsidiary, previously intended to house "Project Drone." The board of directors approved this decision on November 29, 2025, rescinding its earlier approval following a review of evolving strategic considerations.

The proposed subsidiary was to be named "AnchorFort Wealth Private Limited," "Bharat Vantage Wealth Private Limited," or another approved name. All prior disclosures related to this incorporation are now withdrawn.

Notably, other stakeholders involved with "Project Drone" have expressed their intent to continue with the project independently, without investment or participation from Share India Securities Limited. They may incorporate a company under one of the previously indicated names or an alternative name of their choice.