Share India Securities: NCLT Approves Amalgamation Scheme with Silverleaf Capital

Share India Securities Limited has received a certified true copy of the order from the Hon’ble National Company Law Tribunal (NCLT), Ahmedabad Bench – I, approving the Scheme of Amalgamation of Silverleaf Capital Services Private Limited with Share India Securities Limited. The NCLT order was delivered on August 20, 2026.

The amalgamation scheme, which aims to create business synergy, consolidate resources, and leverage Silverleaf Capital's technology focus with Share India's diverse financial services operations, was initially filed as a joint Company Application on October 6, 2025. Following various procedural compliances, directions from the NCLT, and responses from regulatory authorities including the Regional Director, Registrar of Companies, Official Liquidator, and Income Tax Department, the Tribunal has now granted its approval.

The scheme involves the transfer and vesting of all assets and liabilities of Silverleaf Capital Services Private Limited into Share India Securities Limited. The appointed date for the scheme was initially set as October 1, 2023. Various aspects, including the rationale for the merger, accounting treatment, and compliance with GIFT City regulations, were addressed during the NCLT proceedings. The company has also confirmed that no Corporate Insolvency Resolution Process (CIRP) or winding-up proceedings are pending against it. The scheme is expected to result in improved operating efficiency, better profit margins, and enhanced shareholder value for both entities.