SHAREINDIAShare India Securities Ltd.
Share India Securities board approves amalgamation with Ace Alpha Tech
- Mergers & acquisitions
- Financial services (stock broking)
Reviewed byRachit TripathiBlacklitt Research
Share India Securities (NSE: SHAREINDIA) said in a filing on 06 Nov 2026 that its board approved a Scheme of Amalgamation of listed Ace Alpha Tech Limited, under which Ace Alpha shareholders would receive 863 new equity shares of Share India for every 1,000 they hold. The scheme needs approvals from SEBI, the stock exchanges and the National Company Law Tribunal.
Key highlights
- Share exchange ratio: 863 new shares per 1,000 Ace Alpha Tech shares held
- Board meeting held 06 Nov 2026, from 4:34 pm to 4:53 pm
- Ace Alpha Tech net worth ₹81.50 crore at 30 Sep 2026 (unaudited)
- Promoter and promoter group holding: 47.66% before, 45.96% after
The amalgamation in numbers
| Item | Detail |
|---|---|
| Transferor company | Ace Alpha Tech Limited, a listed company |
| Transferee company | Share India Securities Limited |
| Share exchange ratio | 863 equity shares of ₹2 face value for every 1,000 shares of ₹10 face value held |
| Fractional entitlements | Held by a trust, sold in the market within 90 days of allotment |
| Share count | 223,227,530 shares before; 238,085,251 shares after, as proposed |
| Promoter and promoter group | 47.66% before; 45.96% after |
| Related party status | Not a related party transaction, the company says |
| Approvals needed | Stock exchanges, SEBI, NCLT, Registrar, Official Liquidator (as applicable) |
What the scheme combines
Ace Alpha Tech develops and customises technology-driven solutions for financial markets, including automated trading systems for institutional investors, HNIs and retail traders. Share India Securities is a financial services company focused on capital markets, with stock broking, derivatives broking, depository services and portfolio management.
The Transferor Company's net worth was ₹81.50 crore at 30 Sep 2026 (unaudited), and its total income was ₹27.06 crore for the year ended 31 Mar 2026 (restated). Share India's consolidated total income was ₹849.95 crore for the half year ended 30 Sep 2026 (unaudited). The company's stated rationale is the integration of complementary business activities and technology capabilities within one entity.
Share exchange and shareholding
Under the proposed ratio, Share India would issue 863 equity shares of ₹2 face value for every 1,000 shares of ₹10 face value held in Ace Alpha Tech. Fractional entitlements will be aggregated and held by a trust nominated by the Board, which will sell the shares in the market within 90 days of allotment.
On the proposed numbers, Share India's total equity would rise from 223,227,530 shares to 238,085,251 shares. The promoter and promoter group share would fall from 47.66% to 45.96%, and the public share would rise from 52.34% to 54.04%. The filing notes that some promoter group members hold shares in Ace Alpha Tech, and that the Promoter Group has no other interest in that company.
At the 06 Nov 2026 close, Share India's market value was ₹4,030 crore at ₹184.15 a share, according to Blacklitt's data. Its latest reported quarter, Q1 FY27 on a consolidated basis, showed total income of ₹451.55 crore.
What the amalgamation means for Share India Securities' shareholders
For Share India's shareholders, the scheme would increase the number of equity shares and lower the promoter group's percentage holding, on the proposed figures. The boards of both companies believe the amalgamation is commercially justified, subject to approvals and the Scheme's terms.
The filing does not say when the scheme is expected to take effect, how the swap ratio was valued, or how many Ace Alpha Tech shares are outstanding. The next step is an application under Regulation 37 of the Listing Regulations, which the company says will be filed in due course.
Filed with BSE on . Reference: Original filing (PDF)
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