Share India Securities540725Dividend news update

Second interim dividend of ₹ 0.40 per share; board clears up to Rs. 100 Crores debt raising

Second interim dividend of ₹ 0.40 per equity share (face value ₹2) declared for FY 2026-27.

By ScoutQuest · Fri 30 Oct 2026, 9:40 PM IST · 2 min read

Dividend per share: Second interim dividend of ₹ 0.40 per equity share (face value ₹2) for FY 2026-27
Record date: November 05, 2026
Fund raising approval: Up to Rs. 100 Crores via NCDs/CPs on private placement basis

Dividend

The Board declared a second interim dividend of ₹ 0.40 per equity share of face value ₹2 each for the financial year 2026-27.
Thursday, November 05, 2026 is the record date fixed to determine which shareholders are eligible to receive it.
Payment will be made to eligible shareholders on or before Friday, November 27, 2026.

Financial results

The Board approved the un-audited standalone and consolidated financial results for the quarter and half year ended September 30, 2026, along with Limited Review Reports on them.
A Security Cover Certificate and statements on utilisation of Non-Convertible Debenture issue proceeds for the quarter ended September 30, 2026 were also noted or approved.

Fund raising

The Board approved raising funds by issuing debt securities including Non-Convertible Debentures (NCDs), Commercial Papers (CPs) and similar instruments, up to Rs. 100 Crores, on a private placement basis.
The Finance Committee of the Board has been authorised to finalise the terms of the issuance. The final terms will be submitted to the stock exchanges when determined.

Amalgamation proposal

The Board approved the proposal for amalgamation of Ace Alpha Tech Limited, a listed company, with Share India Securities Limited, also a listed company, as a going concern, under Sections 230 to 232 of the Companies Act, 2013.
The Management has been authorised to obtain the valuation report, fairness opinion and auditor's certificate connected with the proposed amalgamation.
The draft Scheme of Amalgamation, with supporting documents, is to be placed before the Board at a subsequent meeting for its consideration.
The scheme would be subject to stock exchange no-objection/observation letters, SEBI no-objection wherever applicable, sanction of the National Company Law Tribunal and other required approvals.

Board change

Mr. Krishan Singh Barguzar has been appointed an Additional Director designated as a Non-Executive Independent Director.
The appointment is subject to prior approvals from NSE, BSE, MCX, MSEI, NCDEX and NSE Clearing, and takes effect from the date those approvals are received.
He has over four decades of experience at State Bank of India, including as Chief General Manager, and is not related to any Director of the Company.

What it means for a shareholder

The dividend is a cash return to holders on the record date, and the amount per share is small relative to the ₹2 face value. The results and the debt raising indicate the board has signed off on the quarter's numbers and has an enabling approval to borrow through market instruments, though the actual terms of any issuance are yet to be finalised by the Finance Committee. The amalgamation is at a proposal stage: the scheme itself is yet to be drafted and placed before the Board, and would then need exchange, SEBI (where applicable) and NCLT clearances before it takes effect. The independent director appointment takes effect only after exchange and clearing corporation approvals are received.

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