News ArticleShare India Securities Limited Approves Scheme to Amalgamate Ace Alpha Tech Limited
Merger aims to integrate technology-driven trading solutions with financial services pending regulatory approvals
Share India Securities Limited's board approved a Scheme of Amalgamation to merge Ace Alpha Tech Limited with itself, combining their complementary technology-driven financial market operations and broking services. The merger awaits the requisite statutory and regulatory approvals including from the National Company Law Tribunal and SEBI.
Share India Securities Limited
Acquisition / Amalgamation / Merger / Demerger
On November 6, 2026, Share India Securities Limited's Board approved the Scheme of Amalgamation to merge Ace Alpha Tech Limited into Share India Securities Limited, aiming to unify their technology-driven financial market operations under one entity.
The merger will bring together Ace Alpha Tech Limited’s expertise in algorithmic trading software and technology solutions with Share India Securities Limited’s broad capital markets and securities trading business, including broking, portfolio management, and proprietary trading.
Ace Alpha Tech Limited reported a net worth of Rs 8,149.99 lakh and a profit after tax of Rs 1,214.64 lakh for the half year ended September 30, 2026, while Share India Securities Limited reported a consolidated net worth of Rs 2,78,890.04 lakh and a profit after tax of Rs 23,488.35 lakh for the same period.
The Scheme of Amalgamation requires approval from multiple authorities including stock exchanges, SEBI, and the National Company Law Tribunal before it can be implemented.
The merger does not constitute a related party transaction, but some members of the promoter and promoter group hold shares in Ace Alpha Tech Limited.
The combined entity seeks to consolidate technology capabilities and financial service offerings to better serve institutional investors, high net worth individuals, and retail traders.
Highlights
- Board approved Scheme of Amalgamation on November 6, 2026.
- Ace Alpha Tech Limited is a technology-driven financial markets solutions provider with Rs 1,214.64 lakh PAT (H1 FY2026-27).
- Share India Securities Limited reported Rs 23,488.35 lakh PAT (consolidated, H1 FY2026-27).
- Merger subject to approvals from SEBI, stock exchanges, National Company Law Tribunal, and other authorities.
- Scheme aims to integrate complementary business activities in automated trading and financial services.
- Not a related party transaction though promoter group holds shares in the Transferor company.
Key Data Snapshot
What happened
- Share India Securities Limited's Board approved a Scheme of Amalgamation to merge Ace Alpha Tech Limited into itself on November 6, 2026.
- This merger is governed under Sections 230 to 232 of the Companies Act, 2013, and applicable regulations.
- The Scheme is subject to approvals from stock exchanges, SEBI, National Company Law Tribunal, and other authorities as required.
Key details
- Ace Alpha Tech Limited specializes in technology-driven financial market solutions including automated and algorithmic trading software.
- Share India Securities Limited is a technology-driven financial services company offering stock and commodity broking, portfolio management, proprietary trading, and related services.
- The merger aims to integrate complementary business activities within a single corporate entity.
- The Scheme of Amalgamation is not a related party transaction, though some promoter group members hold shares in Ace Alpha Tech Limited.
Transaction details
- The merger will consolidate technology development and financial services under Share India Securities Limited.
- Ace Alpha Tech had a profit after tax of Rs 1,214.64 lakh for H1 FY 2026-27; Share India Securities had Rs 23,488.35 lakh consolidated profit for the same period.
- Share capital, net worth, and income figures for both companies for recent periods were disclosed to assist investors.
- The transaction requires multiple statutory and regulatory approvals before effectuation.
Regulatory and governance context
- The Scheme of Amalgamation requires approval from BSE, NSE, SEBI, National Company Law Tribunal, Registrar, and Official Liquidator as applicable.
- All procedures are in accordance with the Companies Act, 2013, SEBI Listing Regulations 2015, and respective rules.
- Share India Securities will file necessary applications under Regulation 37 of the SEBI Listing Regulations in due course.
Highlights
- Board approved Scheme of Amalgamation on November 6, 2026.
- Ace Alpha Tech Limited is a technology-driven financial markets solutions provider with Rs 1,214.64 lakh PAT (H1 FY2026-27).
- Share India Securities Limited reported Rs 23,488.35 lakh PAT (consolidated, H1 FY2026-27).
- Merger subject to approvals from SEBI, stock exchanges, National Company Law Tribunal, and other authorities.
- Scheme aims to integrate complementary business activities in automated trading and financial services.
- Not a related party transaction though promoter group holds shares in the Transferor company.
Disclosures
- Companies Act, 2013
- Companies (Compromises, Arrangements and Amalgamations) Rules, 2016
- SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- National Company Law Tribunal Rules, 2016
Not a related party transaction; some promoter group members hold shares in Ace Alpha Tech Limited.
Certain promoter group members hold equity shares in Transferor Company (Ace Alpha Tech Limited) but no other interest.
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