Share India Securities Limited has announced that it has acquired an additional 1,82,725 equity shares in Silverleaf Securities Research Private Limited, a subsidiary of the company, as part of a rights issue. This acquisition is valued at Rs. 18,27,250 and represents an important step in Share India’s strategic investment approach to ensure the continued growth and development of its subsidiary. As a result of this acquisition, Share India’s shareholding in Silverleaf has decreased slightly from 78.52% to 73.09% of the subsidiary's paid-up capital.

Key Details:

• Rights Issue Investment: The cash consideration for the newly acquired shares amounts to Rs. 18,27,250. This capital infusion will help Silverleaf bolster its financial position and support its operational growth. The company views this as a strategic move to maintain and enhance its overall business objectives, particularly in the financial services sector.
• Related Party Transaction: Since Silverleaf is a subsidiary of Share India, this acquisition is considered a related party transaction under Section 2(76) of the Companies Act, 2013. However, the transaction is conducted at arm’s length, and the transaction terms are transparent and in line with corporate governance standards.
• Investment Impact: The acquisition will enable Silverleaf to expand its business operations, strengthen its capital base, and position itself for further growth in the financial services industry. By strategically allocating resources, Share India aims to enhance its subsidiary's capabilities while balancing its broader business operations.

Corporate Governance and Compliance:

This acquisition was duly reported under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Annexure-A, included in the disclosure, provides detailed information regarding the investment, including the name of the entity acquired, shareholding percentage, cost of acquisition, and other relevant information as mandated by the SEBI Circular dated November 11, 2024.

Silverleaf Securities Research Private Limited:

Incorporated in July 2024, Silverleaf Securities Research is engaged in stock broking activities and dealing in securities for its own account. The entity has a focus on providing research-based financial services, positioning it to cater to the growing needs of the Indian stock market. The company’s recent incorporation means that it is in the early stages of its operations, with a goal of expanding its presence in the Indian financial market.

Summary of Acquisition:

• Target Entity: Silverleaf Securities Research Private Limited
• Investment Amount: Rs. 18,27,250 for 1,82,725 shares
• Shareholding Post-Acquisition: 73.09% of Silverleaf’s paid-up capital
• Industry: Financial Services
• Transaction Type: Cash consideration for the purchase of equity shares
• Strategic Impact: Strengthens Silverleaf's capital position, supporting business growth and development.

This move by Share India Securities is in line with its long-term strategy to ensure the growth and success of its subsidiary, while also enhancing its own position within the financial services sector. The related party transaction aspect has been disclosed in full compliance with SEBI’s listing regulations, ensuring transparency and alignment with corporate governance best practices.

For Share India Securities, this acquisition is just one of many steps in strengthening its financial portfolio and providing greater support to its subsidiaries, which ultimately benefits the company’s overall operations and strategic growth plans. The rights issue investment will also allow Silverleaf to leverage its enhanced capital base for further expansion in the competitive financial services market.

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