Share India Securities gets ₹1 lakh penalty from NSE Clearing over MWPL

Legal
stock broking

Blacklitt Research27 October 20262 min read

Share India Securities (NSE: SHAREINDIA) has been levied a monetary penalty of ₹1 lakh, exclusive of GST of ₹18,000, by NSE Clearing Limited for an alleged violation of the Market Wide Position Limit, it said in a filing on 27 Oct 2026.

What the penalty is for

The penalty was levied by NSE Clearing Limited (NCL) in the ordinary course of the company's stock broking operations.

The invoice imposing the penalty was made available on the National Stock Exchange portal on 26 Oct 2026, at approximately 6:21 p.m. The filing is dated 27 Oct 2026 and was signed by Vikas Aggarwal, Company Secretary & Compliance Officer.

The company's response

The company says there is no impact on its financials, operations or other activities, quantifiable in monetary terms to the extent possible. It also says it is committed to upholding the highest compliance standards and will take necessary steps to address the issue.

Context from recent filings

This penalty filing does not refer to the company's other recent filings, which were a Finance Committee disclosure on 26 Oct 2026 and a credit rating disclosure on 22 Oct 2026.

What the penalty means for Share India Securities' shareholders

The company says the penalty does not affect its financials or operations.

The filing does not state the reason or the trade behind the MWPL violation, the date of the violation, the period it covers, or the payment deadline. No further dated step is given in the filing.

At a glance

Item	Detail
Authority	NSE Clearing Limited (NCL)
Penalty	₹1 lakh, exclusive of GST
GST	₹18,000
Violation alleged	Market Wide Position Limit (MWPL)
Invoice made available	26 Oct 2026, approximately 6:21 p.m.
Filing date	27 Oct 2026

Reference: Original filing (PDF)

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