GENERAL10 Sept 2026
Share India Securities jumps 12% to 52-week high, up 24% in just 2 sessions- What is driving the stock price? | Stock Market News
Share India Securities shares jumped 12% to a 52-week high of ₹212, gaining over 24% in two sessions after NCLT Ahmedabad approved Silverleaf Capital Services' merger into the company. It also plans early redemption of non-convertible debentures on 30 September 2026, ahead of their June 2027 maturity. If you hold these shares or bonds, treat the rally as news, not advice.
Key Statutory Highlights
- The National Company Law Tribunal, Ahmedabad Bench-I, approved the scheme of amalgamation of Silverleaf Capital Services Private Limited with Share India Securities Limited on 7 September.
- Share India Securities issued an early redemption notice for 5,000 NCDs of ₹37,500 face value, worth ₹18.75 crore, and 4,990 NCDs of ₹1,00,000 face value, worth ₹49.90 crore, with the early redemption date set at 30 September 2026.
- Share India Securities' profit after tax fell 1.1% year-on-year to ₹324 crore in FY26, while total income rose 1.47% year-on-year to ₹1,470 crore.
Actionable Advice for Taxpayers / Founders:If you hold these shares or debentures, check the early redemption notice and the merger details with your own advisor before the 30 September 2026 date, and take your own decision. This is not investment advice.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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