Share India Securities Approves Issuance of NCDs Worth ₹150 Crore
Share India Securities' Finance Committee approved issuing ₹150 Crore worth of secured, rated, listed NCDs on a private placement basis. The NCDs will have a tenure of up to 25 months and an interest rate of 10.50% per annum, payable monthly. Principal will be redeemed in half-yearly installments.
The issuance of NCDs for ₹150 Crores can impact the company's capital structure and leverage, but it is a planned fundraising activity and not an unexpected event. The impact is considered medium as it is a significant amount but within the company's stated fundraising plans.
The announcement is a routine debt fundraising activity and does not contain any significant positive or negative financial performance indicators or strategic shifts that would warrant a positive or negative sentiment.
Share India Securities Limited announced today, July 20, 2026, that its Finance Committee has approved the issuance of up to 1,50,000 secured, rated, listed, taxable, transferable, redeemable Non-Convertible Debentures (NCDs). Each NCD has a face value of ₹10,000, aggregating to a total of ₹150 Crores (Indian Rupees One Hundred Fifty Crores Only). This issuance will be conducted on a private placement basis.
The NCDs are proposed to be listed on the Wholesale Debt Market (WDM) segment of the BSE Limited. The tenure of the instrument will be up to 25 months from the Date of Allotment, with a coupon/interest rate of 10.50% per annum, payable monthly. The principal amount will be redeemed in half-yearly installments, with each installment amounting to 25% of the principal amount. The company had previously disclosed a proposal to raise funds up to ₹300 Crores through debt securities on a private placement basis.
The Finance Committee meeting commenced at 02:45 p.m. and concluded at 03:45 p.m. The issuance is secured by a pari-passu charge on the company's entire current assets and receivables, along with personal guarantees from certain members of the Promoter and Promoter Group and Directors.
What to do with a filing like this
Share India Securities Limited filed this with the NSE as a statutory disclosure, categorised under debt fundraising. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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